Rally Continues As Fed Holds Rates Constant

Nasdaq closes up over 1%, while Dow and S&P finish
higher by over 0.5%.  Crude oil futures finish the day lower by 2.3% at
$60.70.

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

Oracle Q1 Earnings Rise, Top Estimates (full
story
).  ORCL shares jump by over 11%.

Circuit City Q2 Profit Soars More Than 7-fold
On Strong Sales, Comps.; Lifts Lower-end Of FY07 Sales Outlook Range (full
story
).  CC shares close fractionally lower.

Morgan Stanley Q3 Earnings Increase On Strong
Institutional Securities Results; EPS From Cont. Ops Beat Estimate; Net Revenue
Up 15% (full
story
).  MS shares finish up 0.70%.

Inco Expects Q3 Adj. EPS To Exceed Consensus By
44%; Trims Production Outlook On Equipment Breakdowns (full
story
).  N shares close fractionally lower.

Steelcase Q2 EPS Doubles On Top Line Growth,
Guides Q3 (full
story
).  SCS shares finish sharply higher by nearly 9%.

Bausch & Lomb To Reduce 400 Employees In
Contact Lens Manufacturing Unit (full
story
).  BOL shares close fractionally lower.

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



Market Snapshot

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Dow

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+72.28

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11,613.19

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NASDAQ

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+30.52

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2,252.89

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S&P 500

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+6.86
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1,325.17
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width=”33%” height=17>

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size=2>NYSE

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size=2>NASDAQ

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Volume

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2,465,190,000

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2,141,574,000

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Advances

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2112

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1923

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width=”33%” height=17>

Declines

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1149

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1093

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width=”33%” height=17>

Up Volume

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1374

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1599

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width=”33%” height=17>

Down Volume

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806

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align=middle width=”34%” height=17>

418

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width=”33%” height=17>

New Hi’s

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195

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129

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New Lo’s

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47

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48



Strongest/Weakest Sectors

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Strongest
Sectors


Weakest
Sectors

GSTI Software Index (GSO) Deutsche Bank Energy (DXE)
Nasdaq Telecommunication
(IXTC)
Amex Natural Gas Index (XNG)
Amex Securities Broker/Dealer (XBD) PHLX Oil Service Sector (OSX)

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

Fed Leave Rates Unchanged, Still Worried About Inflation (full
story
).

Crude Inventories Drop Again, Gasoline Stockpiles Continue To
Edge Higher (full
story
).

Helvetica>
Darren Wong

darrenw@tradingmarkets.com


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