Stocks Give Up Gains, Trading Slightly Higher

  • October 23, 2007
  • TradingMarkets Editors

Stocks are slightly higher on Tuesday, after giving up gains following a
positive earnings round. A number of major U.S. corporations reported better
than expected results on Monday afternoon and Tuesday morning, leading to a
strong opening. Stocks gave up moderate gains through the morning to trade flat
at noon.

Zoran
(
ZRAN |
Quote |
Chart |
News |
PowerRating) jumped 12% in morning trading, 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 all of its gains through the morning (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

 16.91 13583.88

NASDAQ

 14.80 2768.73

S&P 500

 2.22 1508.55

NYSE NASDAQ

Volume

 506,829,430 1,001,034,427

Up Volume

 267,431,180 476,269,794

Down Volume

 232,717,250 492,638,372

Advances

 1714 1325

Declines

 1386 1454

New Highs

 49 81

New Lows

 44 153

Strongest/Weakest Industry Groups

Strongest Industries
% Change

Weakest Industries
% Change

Railroads		 +3.05%
Apparel Retailers		 -1.86%

Computer Hardware		 +2.21%
Broadline Retailers		 -1.66%

Internet		 +1.98%
Semiconductors		 -1.43%


Economic
News

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