Stocks Rise in Volatile Trading; Fed Keeps Rates Steady

  • August 7, 2007
  • Darren Wong

Wall Street faced another volatile session and ended in the green
after the Fed decided to keep rates steady. The Fed noted credit
problems and continuing weakness in housing, but stood firmly by
their inflationary policy. 

Crude oil futures for September delivery rose
fractionally to $72.20 a barrel.  Gold futures for
December delivery fell 0.2% to $682.30 an ounce on Euro weakness
today. Gold has been pegged to the Euro in recent months.


Around Europe, Germany’s DAX index added nearly 1% to finish at
7,513.66, France’s CAC 40 index rose 1.6% to 5,620.40, and
Britain’s FTSE 100 added 1.9% to 6,308.80.

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Stocks in Motion

Wynn Resorts
(
WYNN |
Quote |
Chart |
News |
PowerRating) Posts Q2 Profit On Strong Wynn Macau, Wynn
Las Vegas Results; Stock Surges (full
story). WYNN shares added 10%.

High Raw Milk Prices Sour Dean Foods‘
(
DF |
Quote |
Chart |
News |
PowerRating) Q2 Profit, To Pressure
Q3, FY07 Earnings (full
story). DF shares lost 7.6%.

Harrah’s Entertainment
(
HET |
Quote |
Chart |
News |
PowerRating) Q2 Profit Surges On Strong Las Vegas
Visitor Volumes; Adj. EPS Rises, But Misses Street View (full
story). HET shares rose 0.2%.

BMC Software
(
BMC |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise, Top Estimate; Boosts FY08
Earnings Outlook (full
story). BMC shares gained 7%.

Countrywide Financial
(
CFC |
Quote |
Chart |
News |
PowerRating) To Buy Certain Mortgage Assets Of
HomeBanc (full
story). CFC shares added 2.6%.

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

 


Market Snapshot

Dow

 +35.52 13,504.30

NASDAQ

 +14.27 2,561.60

S&P 500

 +9.04 1,476.71

 

 NYSE NASDAQ

Volume

 2,728,700,000 2,672,693,000

Advances

 1898 1734

Declines

 1379 1327

Up Volume

 2598 1391

Down Volume

 1478 1149

New Highs

 62 108

New Lows

 519 433




Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries
Savings and Loans Networking
Trucking Telecom
Investment
Brokerage- National		 Technology



Economic
News

No economic reports released
today.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com

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