Oil Soars As Markets Teeter


Markets end the day
mixed; Nas slightly red while S&P, Dow struggle to stay green.

Crude
oil futures traded higher today, reaching a 9-week high.

Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating)

closed up 1% as investors await the company’s earnings after the close.

VeriFone
(
PAY |
Quote |
Chart |
News |
PowerRating)

made new highs on M&A announcement.  PAY closed up 10%.

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move

VeriFone
(
PAY |
Quote |
Chart |
News |
PowerRating)

Power Rating

To Acquire Lipman
(
LPMA |
Quote |
Chart |
News |
PowerRating)

Power Rating

For $793 Mln Cash And Stock; Expects Deal To Be Accretive To FY07 Earnings (full
story
).

GenCorp
(
GY |
Quote |
Chart |
News |
PowerRating)

Power Rating

Reports Narrower Q1 Loss, Revenues Fall On Weaker Titan Volume Contract (full
story
).

Red Hat
(
RHAT |
Quote |
Chart |
News |
PowerRating)

Power Rating

To Buy JBoss In Stock And Cash Deal; Sees Earnings, Cash Flow Accretive In FY08
(full
story
).

Cablevision
(
CVC |
Quote |
Chart |
News |
PowerRating)

Power Rating

Declares Special Dividend Of $10/share (full
story
).

Schnitzer Steel Industries
(
SCHN |
Quote |
Chart |
News |
PowerRating)

Power Rating

Q2 EPS Fall Short Of Consensus, Slips 41% Despite Higher Revenues (full
story
).

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.

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Dow

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+21.29

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11,141.33

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NASDAQ

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-5.75

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2,333.27

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S&P 500

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+1.11

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1,296.61

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size=2>NYSE

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size=2>NASDAQ

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Volume

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1,848,635,000

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1,837,902,000

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Advances

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1341

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1216

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Declines

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1908

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1835

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Up Volume

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712

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527

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Down Volume

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914

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1168

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width=”26%” height=16>

New Hi’s

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90

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125

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New Lo’s

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108

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45

Sectors

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Strongest
Sectors


Weakest
Sectors

Nasdaq Combined Finance
(
OFINX |
Quote |
Chart |
News |
PowerRating)
Semiconductor
(
SOX |
Quote |
Chart |
News |
PowerRating)
Kbw Bank
(
BKX |
Quote |
Chart |
News |
PowerRating)
Morgan Stanley Health Provider
(
RXH |
Quote |
Chart |
News |
PowerRating)
Nasdaq Financial
(
IXF |
Quote |
Chart |
News |
PowerRating)
Csfb Technology
(
CTN |
Quote |
Chart |
News |
PowerRating)
Helvetica>

href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News



A slew of
foreign economic data
was released today.  Check them
here.




John Patrick Lee


johnl@tradingmarkets.com



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