Stocks Continue to Advance; Dow Up Nearly 0.5%

  • June 14, 2007
  • Darren Wong

The major indices continue to rally for the
second straight day. Bond yields continue to ease despite
inflationary economic data. The Nasdaq Composite is leading the
major indices with a gain of 0.5%.

Crude oil futures for July delivery rose 1.2%
to $67.03 per barrel after a government report showed gas
refineries cut operating rates and that Iran would not halt its
nuclear program. Gold futures for August delivery rose 0.3% to $654.80 an ounce. 

Around Asia, the Shanghai Composite fell 1.5% to 4,115.21, Hong
Kong’s Hang Seng Index rose 1.4% to 20,867.26, and Tokyo’s Nikkei
Index added 0.6% to 17,842.29.



Today’s

PowerRatings Heat Map continues to be neutral with no sectors showing
overwhelming strength or weakness. 

Click here to view all 33 Heat Map sectors.   



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 



Stocks in
Motion

Freddie Mac
(
FRE |
Quote |
Chart |
News |
PowerRating) Dips To Loss In Q1 On Higher Mark-to- Market
Losses, Lower Revenues (full
story). FRE shares lose 0.4%.

FDA Panel Rejects Sanofi
(
SNY |
Quote |
Chart |
News |
PowerRating) Obesity Drug Rimonabant (full
story). SNY shares drop 3%.

Del Monte Foods
(
DLM |
Quote |
Chart |
News |
PowerRating) Q4 Profit Slides 37% Despite Higher Top Line
Results; Provides Q1, FY08 Outlook (full
story). DLM shares fall by 1%.

CSC
(
CSC |
Quote |
Chart |
News |
PowerRating) Q4 Profit Rises 57%, Revenue Up 4% But Misses Consensus;
Sees Q1 EPS, Excl. Items, Below Analysts’ View (full
story). CSC shares lose 1.5%.

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


Market Snapshot

Dow

 +46.42 13,528.77

NASDAQ

 +11.74 2,594.05

S&P 500

 +4.85 1,520.52

 

 NYSE NASDAQ

Volume

 1,153,125,000 779,059,000

Advances

 2124 1839

Declines

 975 1012

Up Volume

 749 560

Down Volume

 262 146

New Highs

 169 112

New Lows

 40 35


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Natural Gas Index (XNG) PHLX / KBW Bank Sector Index (BKX)
Deutsche Bank Energy Index (DXE) S&P Banking Index (BKX)
Amex Oil Index (XOI) Amex Pharmaceutical Index (DRG)


 


Economic
News

Core PPI m/m +0.2% vs +0.2%
consensus

PPI m/m +0.9% vs +0.6% consensus

Initial Claims 311K vs 310K consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com