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.
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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
Sectors
Weakest
Sectors
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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