Stocks Turn South As Oil Rises
Stocks close in the red for
the day, as oil continues to rise and interest rate hikes remain ominous.
Crude oil futures closed up almost 3% for the day.
General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)
sold $9 billion of interest in GMAC Commercial Holding Corp to private-equity
firms. GM closed down fractionally.
Royal Gold, Inc.
(
RGLD |
Quote |
Chart |
News |
PowerRating)
closed up over 8% for the day. Yesterday RGLD received a
Power Rating
of 9.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Carnival
(
CCL |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q1 EPS Misses Estimates By $0.02; Shares Dip (full
story).
Biovail
(
BVF |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q4 Profit More Than Doubles On Stronger Sales; Sees Better-than-expected Q1,
FY06 EPS; Declares Quarterly Dividend Of $0.125/share; Stock Soars (full
story).
Family Dollar
(
FDO |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q2 Profit Dips On Litigation Charge; Non-GAAP EPS Rises, Beats Estimates; Guides
Q3; Revises FY06 Outlook (full
story).
General Mills
(
GIS |
Quote |
Chart |
News |
PowerRating)
Power Rating
Q3 Profit Up 7% On Higher U.S. Retail Sales; Reaffirms FY06 EPS Outlook (full
story).
ConAgra Foods
(
CAG |
Quote |
Chart |
News |
PowerRating)
Power Rating
Slips To Loss From Profit In Q3; Expects Major Operating Initiatives To Lower
FY07 Earnings Base (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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-47.14
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11,270.29
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NASDAQ
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-3.20
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2,300.15
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S&P 500
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-3.37
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1,301.67
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size=2>NYSE
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size=2>NASDAQ
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Volume
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1,980,706,000
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2,006,956,000
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Advances
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1586
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1605
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Declines
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1633
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1413
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Up Volume
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920
align=middle width=”48%” height=16>
945
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Down Volume
align=middle width=”41%” height=16>
979
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945
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New Hi’s
align=middle width=”41%” height=16>
131
align=middle width=”48%” height=16>
144
width=”26%” height=16>
New Lo’s
align=middle width=”41%” height=16>
32
align=middle width=”48%” height=16>
31
Sectors
Strongest
Sectors
Weakest
Sectors
(
OSX |
Quote |
Chart |
News |
PowerRating)
(
TRANX |
Quote |
Chart |
News |
PowerRating)
(
HUI |
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Chart |
News |
PowerRating)
(
XAL |
Quote |
Chart |
News |
PowerRating)
(
DDX |
Quote |
Chart |
News |
PowerRating)
(
DRG |
Quote |
Chart |
News |
PowerRating)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Existing Home Sales Unexpectedly Rebound In February (full
story).
Weekly Jobless Claims Come In Below Economist Estimates (full
story).
John Patrick Lee
johnl@tradingmarkets.com
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