Stocks End Slightly Higher

  • June 19, 2007
  • Darren Wong

The major indices closed fractionally higher after a missed
earnings report from Best Buy and a drop in new home construction
for May. The Dow and S&P gained nearly 0.2%, while the Nasdaq
closed flat.

Crude oil futures for July delivery rose
fractionally to $69.13 a barrel. Gold futures for August delivery
closed higher by 0.7% to $664.70 an ounce. 


Around Europe, Germany’s DAX Index closed flat at 8,033.52,
France’s CAC 40 Index fell 0.25% to 6,071.67, and Britain’s FTSE
100 lost 0.8% to 6,650.20.



Today’s

PowerRatings Heat Map continues to show widespread price action that has led to lower
prices in the short term.  The most weakness can be seen in
the Drug and Electronics sectors. 

Click here to view all 33 Heat Map sectors.   


Each day TradingMarkets will be giving free open access to one
of our stock indicator lists. The stocks on these lists all have
historically backed data (covering over 7 million trades) to
quantify their trading edge. 

Click here for today’s free list of stocks with a

2-period RSI less than 2.



Stocks in
Motion

Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating) Co-Founder Yang Replaces Semel As CEO (full
story). YHOO shares closed lower by 1.7%.

Best Buy
(
BBY |
Quote |
Chart |
News |
PowerRating) Q1 Profit Falls 18%; EPS Misses Street View;
Revenue Rises 14%, Comp. Up 3%; Trims FY08 EPS View (full
story). BBY shares lost 6%.

GE
(
GE |
Quote |
Chart |
News |
PowerRating) Buys Stake In Regency Energy Partners For $603 Mln (full
story). GE shares rose 3.2%, while RGNC shares added 18%.

FactSet Research
(
FDS |
Quote |
Chart |
News |
PowerRating) Q3 Profit Rises On Higher Tax Benefits, Top
Line; Sees Q4 Revenue Above Street View (full
story). FDS shares rose by 6.6%.

Progress Software
(
PRGS |
Quote |
Chart |
News |
PowerRating) Q2 Profit Increases; Non-GAAP EPS
Matches Consensus; Guides Q3; Narrows FY07 Non-GAAP EPS Outlook (full
story). PRGS shares added 3.3%.

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


Market Snapshot

Dow

 +22.44 13,635.42

NASDAQ

 +0.16 2,626.76

S&P 500

 +2.65 1,533.70

 

 NYSE NASDAQ

Volume

 2,755,771,000 1,854,383,000

Advances

 1956 1648

Declines

 1281 1360

Up Volume

 1441 797

Down Volume

 1075 837

New Highs

 215 154

New Lows

 47 54


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Disk Drive Index (DDX) S&P Retail Index (RLX)
GSTI Internet Index (GIN) Amex Oil Index (XOI)
Amex Gold Bugs Index (CEX) CBOE Oil Index (OIX)


 


Economic
News

Housing Starts 1474K vs 1475K
consensus, prior 1506K revised from 1528K

Building Permits 1501K vs 1470K
consensus, prior 1457K

Darren Wong

Associate Editor

darrenw@tradingmarkets.com