Stocks Up Despite Rising Oil and Falling Dollar

• October 26, 2007
• TradingMarkets Editors

A number of positive U.S. corporate earnings reports from major companies
helped to boost U.S. stocks higher. Stocks opened higher, but trended lower
through the morning.

A major focus for the day is also crude oil, which hit new record highs above
$92 a barrel today on rising tensions in the Middle East. Gold also shot higher
on rising oil prices and a falling U.S. dollar.

Countrywide Financial
(
CFC |
Quote |
Chart |
News |
PowerRating) reported losses exceeding $1 billion
for Q3, but also guided higher. CFC rallied 17% on the positive projections (read more).

Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) helped to boost the market after
reporting better than expected earnings (read more).

Immucor
(
BLUD |
Quote |
Chart |
News |
PowerRating) announced it would cooperate with an FTC
investigation into the company’s acquisition practices. BLUD shares fell over 8%
(read
more).

Deckers Outdoor
(
DECK |
Quote |
Chart |
News |
PowerRating) shares rose 24% after the company beat
analyst estimates and guided higher (read
more).

Market Snapshot

Dow 34.22 13706.14 NASDAQ 28.96 2779.82 S&P 500 7.19 1521.59 NYSE NASDAQ Volume 604,935,550 1,227,392,025 Up Volume 365,864,280 712,893,389 Down Volume 232,404,430 496,307,012 Advances 1835 1467 Declines 1232 1292 New Highs 195 92 New Lows 47 102

Strongest/Weakest Industry Groups

Strongest Industries % Change Weakest Industries % Change Software +4.91% Waste and Disposal -3.86% Non-Metallic Mining +2.52% Airlines -2.25% Exploration and Production +2.39% Trucking -2.10%

Economic News

U.S. homeownership fell for a 4th consecutive quarter, for the first time since 1981.

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