Stocks Bounce Back On Strong Earnings And M&A Activity
Strong earnings, M&A activity
and diplomacy actions in the Middle East fire up markets; major indices close up
over 2%.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
AMD
(
AMD |
Quote |
Chart |
News |
PowerRating) To
Buy ATI Technologies
(
ATYT |
Quote |
Chart |
News |
PowerRating) For $5.4
Bln In Cash And Stock (full
story). AMD shares finish lower by nearly 5%, while ATYT shares trade
up over 18%.
Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) Q2
Profit Rises; Raises FY06 EPS Outlook (full
story). MRK closes up 4%.
American Express
(
AXP |
Quote |
Chart |
News |
PowerRating)
Q2 EPS From Cont. Operations Rose 13%; Revenue Up 14% (full
story). AXP shares remain fractionally higher.
Titanium Metals
(
TIE |
Quote |
Chart |
News |
PowerRating)
Posts Higher Q2 EPS On 64% Sales Growth (full
story). TIE shares jump over 7%.
HCA
(
HCA |
Quote |
Chart |
News |
PowerRating)
Reports Merger Agreement With Private Equity Consortium Valued At $33 Bln (full
story). HCA moves up over 3%.
Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating)
Accelerates Share Buyback Plan, Reveals New $4.5 Bln Share Repurchase (full
story). MOT shares finish up over 3.5%.
BellSouth
(
BLS |
Quote |
Chart |
News |
PowerRating)
Q2 Earnings Rise On Improved Revenues (full
story). BLS shares finish the day up 2%.Â
Quest Diagnostic
(
DGX |
Quote |
Chart |
News |
PowerRating)
Q2 EPS Declines On Charges, Expenses; Raises FY06 EPS Outlook (full
story). DGX moves up nearly 3%.
Crude oil futures close higher by 0.5% at $75.02.
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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+182.10
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11,050.48
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NASDAQ
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+41.45
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2,061.84
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S&P 500
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+20.63
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1,260.92
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,294,676,000
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1,865,426,000
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Advances
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2646
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2222
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Declines
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636
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799
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Up Volume
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1807
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1496
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Down Volume
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245
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224
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New Hi’s
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83
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55
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New Lo’s
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63
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116
Sectors
Strongest Sectors
Natural Gas Index (XNG)
GSTI Semiconductor Index (GSM)
Oil Index CBOE (OIX)
Weakest Sectors
Morgan Stanley Health Provider Index (RXH)
S&P Insurance Index (IUX)
Computer Technology Index (XCI)
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
No economic reports today.
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Darren Wong
darrenw@tradingmarkets.com
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