Stocks Rise As GDP Numbers Show Continued Growth
Markets finish fractionally higher as 10-year yield
hits 5-month lows. Crude oil futures close at $70.03.
Tuesday’s
action on the S&P and Nasdaq indices included Advancers beating Decliners for 3
straight sessions. Historically, this has been a signal that the market
will be quiet or drop. It will be interesting to see if we get more
bearish signals today/this week since the S&P is near the top of the recent
trading range (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Costco August Comps. Rises 7%, Net Sales Up
11%; Lowers Q4, FY06 EPS Outlook Below Consensus (full
story). COST shares sink by over 4%.
Altria Boosts Regular Quarterly Dividend By
7.5% (full
story). MO shares are close up over 1%.
Talx, AT&T Announce Three-year
Networking Contract (full
story). TALX shares are up 4.5%. T shares up fractionally.
Dycom Industries Inc. Exceeded The Q4 Consensus
(full
story). DY shares jump over 9%.
Micros Systems Inc. Posted Better Than Expected
Q4 Results (full
story). MCRS shares surge over 20.5%.
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
width=”33%” height=16>
Dow
align=middle width=”33%” height=16>
+12.41
align=middle width=”34%” height=16>
11,382.35
width=”33%” height=16>
NASDAQ
align=middle width=”33%” height=16>
+13.48
align=middle width=”34%” height=16>
2,185.78
width=”33%” height=17>
S&P 500
align=middle width=”33%” height=17>
-0.05
align=middle width=”34%” height=17>
1,304.23
width=”33%” height=17>
align=middle width=”33%” height=17>
size=2>NYSE
align=middle width=”34%” height=17>
size=2>NASDAQ
width=”33%” height=17>
Volume
align=middle width=”33%” height=17>
1,944,868,000
align=middle width=”34%” height=17>
1,593,433,000
width=”33%” height=16>
Advances
align=middle width=”33%” height=16>
2116
align=middle width=”34%” height=16>
1894
width=”33%” height=17>
Declines
align=middle width=”33%” height=17>
1150
align=middle width=”34%” height=17>
1120
width=”33%” height=17>
Up Volume
align=middle width=”33%” height=17>
1070
align=middle width=”34%” height=17>
1108
width=”33%” height=17>
Down Volume
align=middle width=”33%” height=17>
665
align=middle width=”34%” height=17>
339
width=”33%” height=17>
New Hi’s
align=middle width=”33%” height=17>
210
align=middle width=”34%” height=17>
111
width=”33%” height=17>
New Lo’s
align=middle width=”33%” height=17>
23
align=middle width=”34%” height=17>
30
Strongest
Sectors
Weakest
Sectors
Index (GSM)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Economy Grew Faster Than Previously Estimated In Q2
(full
story).
EIA – Crude Up 2.4
Mln. Barrels; Gasoline Up 400K Barrels; Distillates Up 1.3 Mln. Barrels
ADP Nonfarm
Private Employment Up 107K
Fed’s Fisher:
Inflation Indicators Not Well Behaved
Fed’s Fisher:
Housing Slowdown May Lead To More Balanced Economy
Mortgage
Applications Down 22.4% Compared To This Time Last Year
Helvetica>
Darren Wong
darrenw@tradingmarkets.com
face=Arial color=#000000 size=2>
Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
Adv.
Issues > Dec. Issues 3 Days In A Row- Too many stocks rising in one
day or over multiple days usually precede a market that will be quiet or drop.
Too many stocks declining in one day or over multiple days usually precede a
market rally, especially when the market is above its 200 day ma.
Â