Stocks Mixed, Dow Continues to Slide

• October 22, 2007
• TradingMarkets Editors

Stocks are mixed on Monday, with the Dow and S&P 500 lower, while the Nasdaq is higher. The Dow picked up where it left off on Friday by dropping another 100 points in early trading. However, it has managed to bounce and is now well above the worst levels of the day.

Schering-Plough
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PowerRating) is trading 14% lower after reporting disappointing earnings (read more).

Merck
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PowerRating) reported a 62% jump in Q3 profit (read more).

Hasbro
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HAS |
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PowerRating), the world’s second largest toymaker, also reported a 62% profit surge (read more).

On Sunday, Haliburton
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PowerRating) reported a 19% rise in earnings and 16% rise in revenues (read more).

Bear Stearns
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PowerRating) and Citic Securities announced an alliance that sees them investing $1 billion in each other (read more).

Market Snapshot

Dow -55.52 13466.50 NASDAQ 6.30 2731.46 S&P 500 -5.29 1495.34   NYSE NASDAQ Volume 645,867,450 932,694,027 Up Volume 251,573,380 561,004,389 Down Volume 388,453,970 359,108,244 Advances 1225 1319 Declines 1893 1499 New Highs 13 45 New Lows 166 280

Strongest/Weakest Industry Groups

Strongest Industries % Change Weakest Industries % Change Medical Practitioners +16.98% Sporting Goods Stores -27.28% Residential Construction +5.02% Independent Oil & Gas -4.44% Foreign Money Center Banks +3.56% Silver -4.41%

Economic News

None Today

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