S&P 500 Closes at Six Year High

Markets rise on CPI report. Crude oil futures
trade higher by 1.5% to $63.43.

Stocks on the Move

Merck
(
MRK |
Quote |
Chart |
News |
PowerRating)
Wins Vioxx Case In Alabama (full
story
).  MRK shares rise by 1%.

Black & Decker
(
BDK |
Quote |
Chart |
News |
PowerRating)
Trims Q4, FY06 EPS Forecast On
Lower-than-expected Sales, Weak Demand, Decline In Orders (full
story
).  BDK shares drop nearly 10%.

Citigroup’s
(
C |
Quote |
Chart |
News |
PowerRating)
Stock Reaches Highest Level Since Mid-2001 (full
story
).  C shares rise by 1.8%.

Monsanto
(
MON |
Quote |
Chart |
News |
PowerRating)
Upgraded by Goldman Sachs from Neutral to Buy. 
MON shares rise 5%.

Accredited Home Lenders
(
LEND |
Quote |
Chart |
News |
PowerRating)
Upgraded By Bear Sterns from Peer
Perform to Outperform.  LEND shares rise by 2%.

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

Market Snapshot

Dow


+28.76

12,445.52

Nasdaq

+3.35

2,457.20

S&P 500


+1.60

1,427.09

NYSE


NASDAQ

Volume


3,129,897,000

2,296,041,000

Advances


1486

1466

Declines


1764

1610

Up Volume


1223

1338

Down Volume


1452

757

New Highs


308

168

New Lows


16

41

Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Dow Jones Internet Commerce Index (ECM)


Amex Gold Bugs Index (HUI)

S&P Chemicals Index (CEX)


PHLX Gold and Silver Sector Index (XAU)

PHLX Thestreet.com Internet
Index (DOT)

Amex Natural Gas Index (XNG)

Economic News

Industrial Production +0.2% vs unchanged consensus

Capacity Utilization
81.8% vs 82.1% consensus

Net Foreign Purchases $82.3 bln vs $69.5 bln
consensus

Core CPI m/m unchanged vs +0.2% consensus

Core CPI y/y
+2.6% vs +2.7% consensus

Darren Wong
darrenw@tradingmarkets.com

Use our most popular trading tool to find out how your stocks will move in the next 5 days.