Stocks Slide On Interest Rate Fears
The major markets fell
to the red during trading today as positive economic reports fueled fears for
another interest rate hike.
Sun Microsystems
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rose 4.6% after announcing the resignation of CEO McNealy, but lost most gains
to close up 0.2%.
Yum Brands
(
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PowerRating)
closed up 3% after reporting an 11% gain in Q1 profits.
Crude oil futures closed slightly lower after Bush
announced plans to halt SPR Deposits.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Lockheed Martin
(
LMT |
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PowerRating)
Power Rating
Q1 Profit Up 60% On Higher Systems & IT Sales; Raises FY06 EPS Forecast,
Reaffirms FY06 Revenue Outlook (full
story).
Archstone-Smith
(
ASN |
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News |
PowerRating)
Power Rating
Q1 FFO Rises, Same Store Sales Up 5.6% (full
story).
Lucent
Technologies
(
LU |
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PowerRating)
Power Rating
Q2 Profit Slumps On Lower Revenues; Sees Revenue Decline In FY06 (full
story).
ImClone
(
IMCL |
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News |
PowerRating)
Power Rating
Q1 Profit Soars On Milestone, Tax Benefits (full
story).
Northrop Grumman
(
NOC |
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Chart |
News |
PowerRating)
Power Rating
Q1 Profit Declines, Tops Estimates; Maintains Forecast For Double-digit Profit
Growth In 2006 (full
story).
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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-53.07
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11,283.25
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NASDAQ
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-3.08
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2,330.30
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S&P 500
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-6.35
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1,301.76
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,307,544,000
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2,294,265,000
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Advances
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1140
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1334
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Declines
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2111
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1695
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Up Volume
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732
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1017
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Down Volume
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1348
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1123
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New Hi’s
align=middle width=”41%” height=16>
151
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185
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
119
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57
Sectors
Strongest
Sectors
Weakest
Sectors
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(
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(
SOX |
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(
INX |
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(
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(
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
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Consumer Confidence Unexpectedly Improves In April (full
story).
Existing Home Sales See Unexpected Increase In March (full
story).
John Patrick Lee
johnl@tradingmarkets.com
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