Stocks Rise as Yields Fall and Retail Data Shows Strength

  • June 13, 2007
  • Darren Wong

The major indices are all trading higher this
morning after bond yields retreat and strong retail sales data
lift investors view of the U.S. economy.

Around Asia, Shanghai’s Composite Index rose 2.6% to close at
4,176.48, Hong Kong’s Hang Seng lost 0.3% to 20,578.75, and
Tokyo’s Nikkei fell 0.2% to 17,732.77.



Today’s

PowerRatings Heat Map is looking fairly neutral with no sectors showing
overwhelming strength or weakness. 

Click here to view all 33 Heat Map sectors.   



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 



Stocks in
Motion

D. E. Shaw Urges Investment Technology Group
(
ITG |
Quote |
Chart |
News |
PowerRating) To Consider Sale,
Share Buyback; Reveals Stake Increase (full
story). ITG shares rise by 3.4%. 

Disney
(
DIS |
Quote |
Chart |
News |
PowerRating) Closes ABC-Citadel Deal (full
story). DIS shares lose 1.3%, while CDL shares drop 27.5%.

ICE
(
ICE |
Quote |
Chart |
News |
PowerRating) Submits Improved CBOT Offer (full
story). ICE shares lose 0.5%, while BOT shares fall by 0.1%.

PPL
(
PPL |
Quote |
Chart |
News |
PowerRating) Preserves Option To Build 3rd Nuclear Unit In
Pennsylvania Through JV (full
story). PPL shares rise by 1.75%.

For more stories as they happen, go to our
Breaking News section.


Market Snapshot

Dow

 +70.86 13,365.87

NASDAQ

 +12.48 2,562.25

S&P 500

 +9.42 1,502.42

 

 NYSE NASDAQ

Volume

 1,115,719,000 774,232,000

Advances

 2295 1734

Declines

 843 1113

Up Volume

 754 490

Down Volume

 238 213

New Highs

 57 64

New Lows

 91 50


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Deutsche Bank Energy Index (DXE) Morgan Stanley Healthcare Payors Index (HMO)
Amex Gold Bugs Index (HUI) Computer Hardware Index (HWI)
Amex Oil Index (XOI) GSTI Internet Index (GIN)


 


Economic
News

Retail Sales +1.4% vs +0.6%
consensus

Retail Sales ex-auto +1.3% vs +0.7% consensus

Import Prices ex-oil 2.8%, prior +0.2%

Business Inventories +0.4% vs +0.3% consensus, prior -0.1%

The EIA’s Weekly Crude Inventory Report showed a build of 82K barrels of
oil.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com