Stocks Rise As Crude Falls
Stocks rose modestly
on Wednesday, led by the Dow Jones Industrial Average. Treasury yields climbed,
reflecting traders perceptions that the Fed will have to raise interest rates at
least twice more.
In today’s economic news the Commerce Department reported that the Trade Deficit
narrowed to $65.7 Bln in February
(report).
The Energy Department’s EIA reported that Crude Oil inventories rose in the
latest week, while Gasoline inventories fell
(report).
Crude Oil futures hit a seven month high early in the session before closing
lower following the release of the EIA report.
The US Dollar rose, boosted by the trade deficit data.
Stocks On The Move
Circuit City
(
CC |
Quote |
Chart |
News |
PowerRating)
PowerRating Q4 Profit Jumps On Strong Sales (full
story).
Media General
(
MG |
Quote |
Chart |
News |
PowerRating)
PowerRating Q1 EPS Rises, Yet Misses Estimates By A Penny; Revenue Up 4%; Sees Weakness In
Broadcast And Profit Rise In Publishing In Q2 (full
story).
Harley-Davidson
(
HDI |
Quote |
Chart |
News |
PowerRating)
PowerRating Q1 Profit Rises On Strong Motorcycle Demand; Reaffirms 2006 Shipment Target (full
story).
For more stories as they happen, go to our
Breaking
News section.
| Dow |
+40.34 | 11,129.97 |
| NASDAQ |
+4.33 | 2314.68 |
| S&P 500 |
+1.55 | 1288.12 |
| NYSE | NASDAQ | |
| Volume |
1,905,449,000 | 1,532,476,000 |
| Advances |
1643 | 1643 |
| Declines |
1591 | 1348 |
| Up Volume |
964 | 734 |
| Down Volume |
745 | 683 |
| New Hi’s |
47 | 64 |
| New Lo’s |
107 | 62 |
|
|
Weakest Sectors |
| Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
| Gold and Silver ( XAU | Quote | Chart | News | PowerRating) |
Oil ( XOI | Quote | Chart | News | PowerRating) |
| Healthcare ( HMO | Quote | Chart | News | PowerRating) |
Oil Services ( OSX | Quote | Chart | News | PowerRating) |
Economic
News
Mortgage Bankers Association’s
Market Index Drops 5.5%; Purchase Index Down 4.7%, Refi Index Down 6.6%
Trade Deficit at $65.7 Bln. for February (report)
EIA: Crude Oil Inventories Up 3.2 Mln. Barrels; Gasoline Inventories Down 3.9
Mln. (report)
For more reports and analysis go to our
Economic
News section.
Ashton Dorkins