Stocks Close Week On Lackluster Note
Dell’s disappointing
quarterly announcement and the rising price of oil prove to be too large of a
hurdle as markets slide into the close.
Dell
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closed down 5% after a disappointing sales forecast and a downgrade at Bank of
America.
Crude oil futures continued its move up, closing up
over 2%.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
National Oilwell Varco
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To Restate 2002-2004 Earnings; Sees Q4’05 EPS Above Consensus (full
story).
Sirius
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Q4 Loss Widens On Higher Subscription Acquisition Costs, Revenue Climbs 217% (full
story).
RadioShack
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Q4 Profit Falls 62% On Inventory Write Downs; To Close 400 – 600 Stores As Part
Of Turnaround Plan (full
story).
Campbell Soup
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Q2 EPS Rises On Higher Revenues; Beats Estimate; Confirms FY06 EPS Outlook (full
story).
J. M. Smucker
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Q3 Adj. EPS From Cont. Ops Declines, Misses Estimates On Top Line Fall (full
story).
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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-5.36
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11,115.32
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NASDAQ
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-12.27
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2,282.36
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S&P 500
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-2.14
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1,287.24
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,067,577,000
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1,912,456,000
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Advances
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1831
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1418
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Declines
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1424
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1601
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Up Volume
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900
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661
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Down Volume
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953
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1123
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New Hi’s
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219
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180
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
17
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15
Â
Strongest
Sectors
Weakest
Sectors
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(
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(
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(
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(
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Core Producer Prices Rise More Than Expected In
January (full
story).
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John Patrick Lee
johnl@tradingmarkets.com
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