NASDAQ Leads to the Downside

Late day selling kicked in moving the U.S. markets into negative territory
despite the Dow  reaching another all-time intraday high.  Weakness in
the NASDAQ was caused by Intel’s
(
INTC |
Quote |
Chart |
News |
PowerRating) weak earnings report.

Technology investors will be watching closely this afternoon as Apple Inc.
(
AAPL |
Quote |
Chart |
News |
PowerRating) reports earnings.  AAPL shares lost nearly 2% in today’s
session.

The price of oil bounced sharply higher
over the course of the trading session on Wednesday, as traders went bargain
hunting following recent weakness. Crude for February delivery closed up $1.03
at $52.24 a barrel after hitting a low of $50.28 a barrel.

After falling as low as $620.60 an ounce
in early trading, gold for February delivery closed up $7.40 at $633.30 an
ounce. With the turnaround, the price of gold ended the session at its best
closing level of the new year.

Stocks on the Move

Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) Q4 Profit Drops 39% (full
story).  INTC shares lose 5.7%.

American Airlines Parent AMR
(
AMR |
Quote |
Chart |
News |
PowerRating) Swings To Profit In Q4 On
Fuller Planes, Lower Fuel Costs (full
story).  AMR shares lose 3.6%.

JPMorgan Chase
(
JPM |
Quote |
Chart |
News |
PowerRating) Q4 Profit Leaps 68%; EPS From Cont. Ops Beats
Estimate; Revenue Rises 19% (full
story).  JPM shares finish the day flat.

General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) Says 2006 Global Vehicle Sales Decline To 9.09
Mln Units (full
story).  GM shares finish fractionally higher.

Charles Schwab
(
SCHW |
Quote |
Chart |
News |
PowerRating) Q4 Profit Jumps 150% On Tax Benefit From
U.S. Trust Sale (full
story).  SCHW shares drop 2.5%.

Lennar
(
LEN |
Quote |
Chart |
News |
PowerRating) Slips To Loss In Q4 On Charges, 15% Drop In Revenues;
Guides FY07 (full
story). LEN shares rise by 4.5%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Strongest/Weakest Sectors

Economic News

Fed’s Beige Book says economic activity expanded at modest pace in Dec and
early Jan

Fed’s Beige Book says economic activity expanded at modest pace in Dec and
early Jan

Capacity Utilization 81.8% vs 81.7% consensus

Industrial Production +0.4% vs +0.1% consensus

Core PPI y/y is +2.0%, consensus is +2.0%

Darren Wong
darrenw@tradingmarkets.com

P.S.

Click here to use PowerRatings to identify stocks that could potentially
move higher in the next few days.