Stocks Finish Mixed After Fed Decision

  • June 28, 2007
  • Darren Wong

Stocks finished mixed Thursday after the Fed decided to keep rates
steady at 5.25%.  Federal reserve members decided to drop the
reference to ‘elevated’ core inflation.

Crude oil futures for August delivery added
0.9% to $69.60 per barrel.  Gold
futures for August delivery rose 0.9% to
$650.40 an ounce.


Around Europe, Germany’s DAX index rallied 1.5% to 7,921.3,
France’s CAC 40 rose 1.1% to 6,006.31, and Britain’s FTSE 100
added 0.7% to 6,571.30.

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Stocks in
Motion

KB Home Dips To Loss In Q2 On Charge, Lower Revenue (full
story). KBH shares fell 1.3%.

General Motors Agrees To Sell Allison
Transmission To Carlyle Group, Onex For About $5.6 Bln (full
story). GM shares rose 2.2%.

Build-A-Bear Workshop To Explore Strategic Alternatives (full
story). BBW shares jumped 14%.

Constellation Brands Q1 Profit Falls On Lower Sales; Adj. EPS Down,
Tops Street View; Reaffirms FY08 Forecast; Names Robert Sands CEO, Effective
July 26 (full
story). STZ shares rose 3.6%.

Rite Aid Q1 Profit Up, Sales Rise 2.8%, Confirms FY08 Forecast (full
story). RAD shares added 0.8%.

Dominion Resources To Repurchase Approx. 16% Of Its Shares (full
story). D shares gained 3%.

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


Market Snapshot

Dow

 -5.45 13,422.28

NASDAQ

 +3.02 2,608.37

S&P 500

 -0.63 1,505.71

 

 NYSE NASDAQ

Volume

 2,825,872,000 1,894,047,000

Advances

 1905 1568

Declines

 1331 1424

Up Volume

 1356 1062

Down Volume

 1185 718

New Highs

 105 160

New Lows

 45 59


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Gold Bugs Index (HUI) PHLX / KBW Bank Index (BKX)
CBOE Oil Index (OIX) S&P Banking Index (BIX)
Nasdaq Telecom Index (IXTCX) Dow Jones Internet Commerce Index (ECM)


 


Economic
News

Help Wanted Index 27 vs 29
consensus

Initial Claims 313K vs 315K consensus, prior revised to 326K
from 324K

GDP-Final +0.7% vs +0.8% consensus

Chain Deflator-final +4.2% vs +4.0% consensus

Corporate Profits +1.4%, prior +7% y/y

Personal Consumption +4.2% vs +4.4% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com