Stocks Close Mixed in Lackluster Trading

  • August 30, 2007
  • TradingMarkets Editors

Stocks closed mixed on Thursday, with the NASDAQ closing
fractionally higher, while the Dow & S&P 500 gave back some of
yesterday’s gains.

Among today’s stocks in the news, Q2 profit plunged at
Freddie Mac
(
FRE |
Quote |
Chart |
News |
PowerRating), with substantial losses attributed to
the problems in the credit market (read
more).

H&R Block
(
HRB |
Quote |
Chart |
News |
PowerRating) posted a wider loss than expected,
also citing credit market woes (full
story).

Sears Holding
(
SHLD |
Quote |
Chart |
News |
PowerRating) reported a 40% drop in profits
(read
more).

Meanwhile, Ciena
(
CIEN |
Quote |
Chart |
News |
PowerRating) swung to a profit in Q3 and
raised its full year guidance (full
story).

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Stocks in Motion

Tiffany
(
TIF |
Quote |
Chart |
News |
PowerRating) Q2 Profit Slips 10%, Lifts FY07 Adj. EPS Target (full
story).

CVS Caremark
(
CVS |
Quote |
Chart |
News |
PowerRating) Aug. Same Store Sales Rise 4.9% (read
more).

VimpelCom
(
VIP |
Quote |
Chart |
News |
PowerRating) Q2 Profit Soars 84% As Revenue Jumps 53% (full
story).

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


Market Snapshot

Dow

 -50.56 13238.73

NASDAQ

 2.14 2565.30

S&P 500

 -6.12 1457.64

NYSE NASDAQ

Volume

 1,278,889,630 1,707,874,087

Up Volume

 395,702,410 1,077,390,056

Down Volume

 873,045,920 564,408,567

Advances

 1,314 1,247

Declines

 1,964 1,700

New Highs

 19 31

New Lows

 27 45


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries
Medical
Practitioners
Mortgage Investment

Networking & Communication Devices
Department Stores
Farm Products Auto
Dealerships


 




Economic
News

Initial Jobless Claims for Aug 25
Wk: Actual +9K, Expected: +2K, Previous: -2K.

Q2 GDP, Preliminary: Actual +4%. Expected: +4%. Previous: +3.4%.

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