Stocks Continue to Climb on Positive Earnings, Deal News

  • July 31, 2007
  • John Patrick Lee

Stocks are trading higher on Tuesday, boosted by positive earnings
and deal news. General Motors
(
GM |
Quote |
Chart |
News |
PowerRating), the largest U.S.
automaker reported a profit, and Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating)
reported a bigger-than-expected profit. Meanwhile,
Alcatel-Lucent
(
ALU |
Quote |
Chart |
News |
PowerRating) reported a surprising loss.

The Wall Street Journal reported “Dow Jones
(
DJ |
Quote |
Chart |
News |
PowerRating) and
News Corp.
(
NWS |
Quote |
Chart |
News |
PowerRating) edged closer to a final agreement”.

Marathon Oil
(
MRO |
Quote |
Chart |
News |
PowerRating) agreed to acquire Western Oil Sands
in a cash and stock deal worth $6.2 billion, including debt (full
story).

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Stocks in Motion

Automatic Data Processing
(
ADP |
Quote |
Chart |
News |
PowerRating) Q4 Profit Plunges (full
story).

Waste Management
(
WMI |
Quote |
Chart |
News |
PowerRating) Q2 Profit Falls (full
story).

Health Management Associates
(
HMA |
Quote |
Chart |
News |
PowerRating) Q2 Profit Plummets 85% On
Higher Provision For Bad Debts, Cuts FY07 EPS Target (full
story).

Jones Apparel
(
JNY |
Quote |
Chart |
News |
PowerRating) Receives Definitive Proposal From Japan
Retailer To Buy Barneys For $900 Mln In Cash (full
story).

Anadarko Petroleum
(
APC |
Quote |
Chart |
News |
PowerRating) Q2 EPS Declines On Higher Costs And
Expenses (full
story).

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


Market Snapshot

Dow

 82.18 13440.49

NASDAQ

 9.02 2592.30

S&P 500

 8.51 1482.42

NYSE NASDAQ

Volume

 805,170,070 1,136,455,262

Up Volume

 563,267,350 627,623,596

Down Volume

 230,679,840 494,254,481

Advances

 2,410 1,725

Declines

 811 1,157

New Highs

 28 41

New Lows

 116 110


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries
Waste Management Consumer
Services
Regional
Airlines		 Medical
Practitioners
Farm Products Hospitals



Economic
News

June Personal Income; Actual 0.4%
Consensus 0.5%

June Personal Spending; Actual 0.1% Consensus 0.1%

July Chicago PMI; Actual 53.4 Consensus 58.5

June Construction Spending; Actual -0.3% Consensus 0.2%

July Consumer Confidence; Actual 112.6 Consensus 105.0

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