Stocks Fall As Fed Keeps Rates Steady


Fed holds rates steady at
5.25%; major indices lower by nearly 0.5%.

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move

News Corp.
(
NWS |
Quote |
Chart |
News |
PowerRating)
,
Google
(
GOOG |
Quote |
Chart |
News |
PowerRating)
Ink $900Mln Search
Technology And Services Deal (full
story
).  NWS shares rise over 2%, while GOOG shares trading up 1% in
today’s session

Sara Lee
(
SLE |
Quote |
Chart |
News |
PowerRating)

Turns To Profit In Q4; But Slips To Loss, Excl. Discontinued Opens.; Guides FY07
(full
story
).  SLE shares drop by over 2%.

Reynolds And Reynolds
(
REY |
Quote |
Chart |
News |
PowerRating)
To Be Acquired By Universal Computer Systems For $2.8 Bln (full
story
).  REY shares surge by nearly 11%.

Rent-A-Center
(
RCII |
Quote |
Chart |
News |
PowerRating)

To Buy Rent-Way
(
RWY |
Quote |
Chart |
News |
PowerRating)
For $10.65 Per
Share (full
story
). RCII shares move up nearly 4%, while RWY shares surge over 23%.

Teva Pharma
(
TEVA |
Quote |
Chart |
News |
PowerRating)

Q2 Profit More Than Doubles; Adj. EPS Tops Street View; Lifts FY06 Earnings
Outlook (full
story
).  TEVA shares jump by nearly 5%.

Crude oil futures move lower by 1% to $76.27 in
today’s session.

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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-45.47
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11,173.91

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NASDAQ

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-11.60

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2,060.90

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S&P 500

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-4.17

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1,271.60

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size=2>NYSE

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size=2>NASDAQ

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Volume

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2,343,433,000

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1,851,055,000

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Advances

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1289

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1014

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Declines

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1965

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1994

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Up Volume

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631

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659

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Down Volume

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1471

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1031

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New Hi’s

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96

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55

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New Lo’s

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84

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159

Sectors

Strongest Sectors

Dow 10 Index (MUT)

Oil Index CBOE (HCX)

Oil Index (OIX)

Weakest Sectors

S&P Retail Index (RLX)

Airline Index (XAL)

GSTI Hardware Index (GHA)

Helvetica>
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News

Fed Keeps Benchmark Interest Rate At 5.25% (full
story
).

Productivity And Labor Costs Rise More
Than Expected In Q2 (full
story
).


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Darren Wong

darrenw@tradingmarkets.com


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