Stocks Extend Rally from Lows

  • October 23, 2007
  • TradingMarkets Editors

Stocks rose on Tuesday, extending a rally from Monday lows. Positive earnings
reports from a number of major U.S. companies boosted overall investor sentiment
for stocks. Crude oil also continued to decline from recent record highs,
alleviating more pressure on the U.S. economy.

Zoran
(
ZRAN |
Quote |
Chart |
News |
PowerRating) jumped 15% for the day, after handily besting
analyst expectations.

Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) rose as much as 7% after smashing earnings
expectations for Q4 (read more).

DuPont
(
DD |
Quote |
Chart |
News |
PowerRating) gapped higher on positive earnings news, but
gave up some gains to close up about 0.4% (read more).

Strong earnings results from American Express
(
AXP |
Quote |
Chart |
News |
PowerRating) helped boost
the stock as much as 3% before falling back slightly. (read more).

Market Snapshot

Dow

 109.26 13676.23

NASDAQ

 45.33 2799.26

S&P 500

 13.27 1519.60

NYSE NASDAQ

Volume

 1,310,292,930 2,340,733,954

Up Volume

 881,093,320 1,504,862,700

Down Volume

 404,892,310 746,248,903

Advances

 2205 1777

Declines

 1060 1139

New Highs

 71 117

New Lows

 65 181

Strongest/Weakest Industry Groups

Strongest Industries
% Change

Weakest Industries
% Change

Airlines		 +4.07%
Apparel Retailers		 -1.07%

Internet		 +3.54%
Broadline Retailers		 -1.01%

Computer Hardware		 +3.28%
Housewares and Accessories		 -0.77%


Economic
News

None Today

PowerRatings.net bought Google at 556.34 in September. Less than 30 days later Google was more than 100 points higher! Click here to see which stocks PowerRatings.net is buying today!