Stocks Bounce Back After Yesterday’s Selloff

  • July 25, 2007
  • Darren Wong

Stocks are up fractionally as Wall St. digests new housing data
that continues to show declines and positive earnings from Amazon
and Boeing.  Amazon shares jumped 24%, while Boeing shares
rose 3%.

Crude oil futures for August delivery rose 0.3% to $73.80 a barrel
after the weekly crude inventories report showed a decline of 1.1
million barrels.  Gold futures for
August delivery fell 1.8% to $672.70 an ounce after the US
dollar rose against the Euro.


Around Asia, Shanghai’s Composite index rose 2.7% to
4,323.97, Hong Kong’s Hang Seng index fell 0.5% to 23,362.18, and
Tokyo’s Nikkei dropped 0.8% to 17,858.42.

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Stocks in Motion

Amazon.com
(
AMZN |
Quote |
Chart |
News |
PowerRating) Q2 Profit Surges On Media And Electronic Sales,
Guides Q3, Lifts FY07 Revenue Target (full
story). AMZN shares jumped 24%.

Volume And Productivity Gains Help Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) Reach High Altitudes
In Q2, Boosts FY07 Forecast, Reaffirms FY08 Target (full
story). BA shares rose 3.4%.

Colgate-Palmolive
(
CL |
Quote |
Chart |
News |
PowerRating) Q2 Profit Rises 47%; Adj. EPS Up 17%, Tops
Street View; Sees Double-digit EPS Growth In FY07 (full
story). CL shares rose 1.7%.

Corning
(
GLW |
Quote |
Chart |
News |
PowerRating) Q2 Profit Declines On Charges; Adj. EPS Tops
Consensus; Sales Up 13%; Guides Q3 (full
story). GLW shares fell 6%.

Norfolk Southern
(
NSC |
Quote |
Chart |
News |
PowerRating) Q2 Profit Up 5%; EPS Tops Consensus (full
story). NSC shares made fractional gains.

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

 


Market Snapshot

Dow

 +65.28 13,782.23

NASDAQ

 +7.20 2,647.06

S&P 500

 +5.72 1,516.76

 

 NYSE NASDAQ

Volume

 1,706,709,000 1,107,562,000

Advances

 1256 1225

Declines

 1855 1661

Up Volume

 627 612

Down Volume

 903 421

New Highs

 46 71

New Lows

 291 173


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
CBOE Internet Index (INX) Gold Bugs Index (HUI)
S&P Insurance Index (IUX) S&P Chemicals Index (CEX)
Dow Jones Internet Commerce Index (ECM) Nasdaq Transportation Index (TRANX)


 


Economic
News

Existing Home Sales 5.75 mln vs
5.90 mln consensus; -3.8% m/m change

EIA report shows that crude
inventories fell by 1.1 million barrels for the week ended July 20.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com

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