Stocks Rally Back To Close In The Green
Dow and S&P finish fractionally higher. Nasdaq
finishes up 0.5%. Crude oil futures close higher by nearly 1% at $68.63.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Chevron & Devon Energy
have successfully completed a record
setting production test on the Jack #2 well at Walker Ridge Block 758 in the
Gulf of Mexico (full
story). The well could potentially become the top domestic source.Â
CVX shares close up nearly 2.5%.Â
Devon Energy Says Extended Production Test In
Gulf Of Mexico Met Expectations; Shares Rise (full
story). DVN shares are trading at 52-week highs up over 12% for the day.
GlaxoSmithKline, Adolor Report Mixed
Phase 3 Study Results; Adolor Shares Plunge (full
story). ADLR shares get slashed by 45%. GSK shares close
fractionally lower.
Caterpillar To Raise Prices Up To 5% For
Machinery And Up To 7% For Engines (full
story). CAT shares close higher by 3.6%.
Phelps Dodge And Inco Agree To Terminate
Combination Agreement; Phelps Receives $125Mln Payment From Inco (full
story). PD shares rise by nearly 3%, while N shares fall by 1%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
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Dow
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+5.13
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11,469.28
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NASDAQ
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+12.54
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2,205.70
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S&P 500
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+2.24
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1,313.25
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,035,870,000
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1,703,081,000
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Advances
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1850
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1784
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Declines
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1395
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1242
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Up Volume
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1092
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964
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Down Volume
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668
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621
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New Hi’s
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175
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107
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New Lo’s
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17
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34
Strongest
Sectors
Weakest
Sectors
Healthcare Index (HMO)
Sector Index (XAU)
Index (OSX)
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Economic
News
OFHEO House Price
Index – Home Prices Up 10.06% In Q2 Year-Over-Year
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Darren Wong
darrenw@tradingmarkets.com
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