Record High Crude And Middle East Attacks Hammer Stocks
Markets rattled by Middle
East attacks and record high crude prices;
major indices down 1.5%.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating)
To Slash 1, 000 Management Jobs As Cost Cutting Measure. INTC shares
closed the day down 1%.
Ford
(
F |
Quote |
Chart |
News |
PowerRating) Slashes
Quarterly Dividend; Directors Reduce Their Fees By Half (full
story). F closes lower by 4%.
Pepsico
(
PEP |
Quote |
Chart |
News |
PowerRating)
Q2 EPS Rises On Higher Top Line Growth, Beats Consensus (full
story). PEP shares traded to 52 week highs this morning and finished
the day up over 1.5%.
International Paper
(
IP |
Quote |
Chart |
News |
PowerRating) To Buy-back $3 Bln Shares, Plans Divestitures (full story). IP
has closed the day down 1.31%.
Countrywide Financial’s
(
CFC |
Quote |
Chart |
News |
PowerRating) Mortgage Loan Fundings In June Down 11%, Declines 3% In Q2 (full
story). CFC shares rose about 1% today.
SAP
(
SAP |
Quote |
Chart |
News |
PowerRating) Sees
Lower Than Expected Q2 Revenues; Reaffirms FY06 Outlook (full
story). SAP shares closed down over 6%.
Marriott
(
MAR |
Quote |
Chart |
News |
PowerRating)
Q2 Profit Jumps 35% On Higher Revenues, Strong Incentive Management Fees; Guides
Q3, FY06 (full
story). MAR shares finished down over 3%.
Cree, Inc.
(
CREE |
Quote |
Chart |
News |
PowerRating)
Sees Q4 Earnings Below Prior Outlook; Stock Plummets In After-hours (full
story). CREE shares closed down over 21%.
Crude oil futures closed at all time highs today over
2% to $76.75.
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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-166.89
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10,846.29
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NASDAQ
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-36.12
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2,054.11
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S&P 500
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-16.32
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1,242.28
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,542,831,000
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2,003,860,000
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Advances
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737
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589
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Declines
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2531
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2406
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Up Volume
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281
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222
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Down Volume
align=middle width=”41%” height=19>
2010
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1656
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New Hi’s
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22
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34
width=”26%” height=16>
New Lo’s
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144
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201
Sectors
Strongest Sectors
S&P Banks Index (BIX)
S&P Health Care Index (HCX)
GSTI Software Index (GSO)
Weakest Sectors
S&P Chemical Index (CEX)
Nasdaq Combined Finance Index (OFINX)
Securities Broker Dealer Index (XBD)
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Energy Prices Continue To Decide European Inflation, ECB Hints At Rate-hikes (full
story).
Increase In Jobless Claims Exceeds Economist Estimates (full
story).
EIA – Natural Gas
Inventories Rose 89 BCF
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Darren Wong
darrenw@tradingmarkets.com
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