Stocks Mixed As Investors Digest Data
Stocks are mixed on a raft of earnings and economic
reports.
New home sales for June rose 4% to 1.347 million units.
Durable goods orders in June rose +1.4%; ex trans, +2.6%.
The EIA said crude inventories fell by 2.3 million
barrels; gasoline inventories fell by 2.1 million barrels; distillates rose 3.1
million barrels.
Amazon (AMZN)
reported 0.12, beating by 0.02. Revenues rose 26% to $1.75 billion.Â
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) beat estimates but profit fell from a year ago.
Strong sectors are:Â Â Â Internet
(
$GIN.X |
Quote |
Chart |
News |
PowerRating)
+1.65%Â Â Â Â Chemicals
(
$CEX.X |
Quote |
Chart |
News |
PowerRating) +1.17%Â Â Â
Insurance
(
$IUX.X |
Quote |
Chart |
News |
PowerRating) +0.83%
Â
Weak sectors are: Â Â Â Â Airlines
(
$XAL.X |
Quote |
Chart |
News |
PowerRating) -3.20% Â Â Â Â Disk Drives
(
$DDX.X |
Quote |
Chart |
News |
PowerRating) -1.98%Â Â Â Â Semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) -1.81% Â Â Â
| Dow | +7.56 | 10,587.33 |
| Nasdaq | -5.29 | 2170.70 |
| S&P 500 | -0.10 | 1231.06 |
The dollar is -0.08 at 89.92
Crude Oil is
+0.45 at 59.65
Gold is +1.70
at 424.40
ce=”Arial” size=”2″ face=”Arial”>Volume is 776 million on the NYSE and
775 million on the Nasdaq.
Market breadth is positive.
| NYSE | Issues | |
| Advancing | 1422 | Up Vol 349 |
| Declining | 1612 | Down Vol 346 |
| 1.13 | 1.00 | |
| Nasdaq |
||
| Advancing | 1736 | Up Vol 304 |
| Declining | 1673 | Down Vol 411 |
| 1.03 | 1.35 |
Stocks in the News
Corning
(
GLW |
Quote |
Chart |
News |
PowerRating) beat and boosted guidance.
Colgate
(
CL |
Quote |
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News |
PowerRating) was in-line.
Wellpoint
(
WLP |
Quote |
Chart |
News |
PowerRating) beat by 0.03 but sales were slightly lower.
Centex
(
CTX |
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Chart |
News |
PowerRating) beat and boosted expectations
Biogen-Idec (BIIB)
beat by 0.07 Â
Electronic Arts
(ERTS)
beat by 0.06 and beat on revenues. Â
Sun Micro (SUNW)
beat by 0.05; revenues were in-line.
RF Micro Devices
(RFMD)
beat by 0.03.
Chubb (CB)
beat by 0.26.
Kellogg
(
K |
Quote |
Chart |
News |
PowerRating) was in-line, sales were above estimates.
Norfolk Southern
(
NSC |
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Chart |
News |
PowerRating) beat by 0.10.
Hilton
(
HLT |
Quote |
Chart |
News |
PowerRating) beat by 0.03.
Brice Wightman