Stocks Slide On Fed Comments
Major indices close lower by 0.5%; home builders
continue to cut forecasts. Crude oil futures trade fractionally lower to $67.40.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Apple Computer Rises After Receiving Price
Target of $92.00 Per Share From $80.00 (full
story). AAPL shares finish the session higher by nearly 4%.
Lucent Technologies Says Shareholders Approve
Merger With Alcatel (full
story). LU shares move lower by 1%, while ALA shares fall by 2%.
Palm Cuts Q1 Revenue Outlook On Lower Treo
Sales (full
story). PALM shares fall over 8%.
Beazer Homes Trims FY06 EPS Forecast On
Lower-than-expected Home Closings, Higher Cancellation Rates (full
story). BZH shares fall by nearly 3%.
Hovnanian Q3 Earnings Drop Yet Top Estimates;
Reaffirms FY06 EPS Outlook (full
story). HOV shares rise by over 6%.
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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-74.84
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11,331.36
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NASDAQ
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-12.55
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2,155.29
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S&P 500
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-6.25
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1,294.01
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,228,357,000
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1,812,338,000
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Advances
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1033
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1081
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Declines
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2196
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1893
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Up Volume
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636
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521
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Down Volume
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1327
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1166
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New Hi’s
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46
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47
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New Lo’s
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40
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52
Strongest
Sectors
Weakest
Sectors
Sector Index (XAU)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Wholesale Inventories And Sales Increase In July (full
story).
EIA Inventories –
Crude Inventories Down 2.2 Mln. Barrels, Gasoline Inventories Up 700K Barrels,
Distillate Stocks Up 3.1 Mln. Barrels
Jobless Claims Fall Much More Than Expected (full
story).
Initial Jobless
Claims At 310,000, Down 9,000 From Prior Week
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Darren Wong
darrenw@tradingmarkets.com
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