Stocks Selloff After Philly Fed Report

Dow and Nasdaq off by 0.7% and S&P off by 0.5%.  Crude oil futures
close higher by 1.6% to
$61.70.

href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move

Wal-Mart To Offer Generic Prescription Drugs
For $4 (full
story
).  WMT shares trade lower by nearly 1%.

FedEx Q1 EPS Beats Consensus On Strong Growth
In Freight, Ground Units; Lifts FY07 Adj. EPS Outlook; Contract Costs Expected
To Reduce FY07 EPS By $0.20 (full
story
).  FDX shares fall by 1.4%.

Priceline.com Raises Q3 Outlook, Guides Q4,
FY07; To Offer $300 Mln Convertible Senior Notes (full
story
).  PCLN shares rise by 6.5%.

Hewlett Packard Shares Continues To Be Plagued
By Boardroom Leak Investigations.  HPQ shares fall by over 5%.

Carnival Q3 Profit Up On Strong European And
Alaska Cruise Seasons; EPS Beats Estimate; Guides Q4 Within Analysts’ Range;
Reaffirms FY 06 Outlook (full
story
).  CCL shares rise by 2.7%.

Rite Aid Q2 Loss Narrows On Higher Revenue, Tax
Benefit; Confirms FY07 Outlook (full
story
).  RAD shares slip over 5%.

For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News
section.



Market Snapshot

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Dow

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-80.12

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11,533.07

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NASDAQ

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-15.14

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2,237.75

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S&P 500

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-7.14
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1,318.04
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size=2>NYSE

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size=2>NASDAQ

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Volume

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2,559,906,000

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1,968,082,000

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Advances

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1310

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1089

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Declines

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1971

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1917

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Up Volume

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837

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546

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Down Volume

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1482

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1293

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New Hi’s

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140

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107

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New Lo’s

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34

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68



Strongest/Weakest Sectors

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Strongest
Sectors


Weakest
Sectors

Deutsche Bank Energy (DXE) Amex Airline Index (XAL)
Amex Natural Gas Index (XNG) CBOE Internet Index (INX)
PHLX Oil Service Sector (OSX) GSTI Semiconductor (GSM)

href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News

Philly Fed Index Shows Unexpected Contraction In September (full
story
).

Leading Indicators Index Falls In Line With
Estimates (full
story
).

Initial Jobless Claims Up 7,000 To 318,000

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Darren Wong

darrenw@tradingmarkets.com


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