Stocks Finish Week With Gains

  • July 6, 2007
  • Darren Wong

The major indices made small gains to kick off the third quarter.
The Labor Department’s monthly employment report showed non-farm
payrolls rose to 132,000, while the jobless rate remained steady
at 4.5%.

Crude oil futures for August delivery rose 1.4%
to $72.81 per barrel on signs that economic growth may accelerate,
which would increase fuel demand.  Gold
futures for August delivery fell 0.6% to $654.80 an ounce.


Around Europe, Germany’s DAX index added 0.8% to 8,048.32,
France’s CAC 40 index gained 0.3% to 6,102.69, and Britain’s FTSE
100 index rose 0.8% to 6,690.10.

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Stocks in
Motion

CME Sweetens Bid For CBOT; Largest Shareholder Of
CBOT Now Supports Revised Merger Deal (full
story). CME shares gained 3.4%, while BOT shares added 8.7%.


Xbox 360 Defects To Cost Microsoft Up To $1.15 Bln In Q4 (full
story). MSFT shares fell 0.3%.

Travelers To Resolve Asbestos-related Coverage Claims With AcandS (full
story). TRV shares rose 0.2%.

Inter-Tel Sees Lower Q2 Net Sales; Anticipates FY07 Sales Below Prior
Outlook (full
story). INTL shares lost 1%.

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


Market Snapshot

Dow

 +45.84 13,611.68

NASDAQ

 +9.86 2,666.51

S&P 500

 +5.04 1,530.44

 

 NYSE NASDAQ

Volume

 2,341,025,000 1,564,261,000

Advances

 1910 1715

Declines

 1299 1289

Up Volume

 575 376

Down Volume

 252 195

New Highs

 200 148

New Lows

 47 38


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
S&P Retail Index (RLX)
S&P Insurance Index (IUX)
Deutsche Bank Energy
Index (DXE)		 Pharmaceutical Index (DRG)
CBOE Oil Index (OIX) Dow Jones Equity REIT

Index (DJR)


 


Economic
News

Unemployment Rate 4.5% vs. 4.5%
consensus

Nonfarm Payrolls 132K vs 125K consensus, prior 190K revised from
157K

Average Workweek 33.9 vs. 33.9 consensus

Hourly Earnings m/m +0.3% vs +0.3% consensus

Average Hourly Earnings y/y +3.9% vs +3.7% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com