Tech Stocks Continue to Rise

  • August 30, 2007
  • TradingMarkets Editors

Technology stocks are showing strength today, with the NASDAQ
adding to yesterday’s gains, while the Dow & S&P 500 fluctuate
either side of the unchanged line.

Among today’s stocks in the news, Q2 profit plunged at
Freddie Mac
(
FRE |
Quote |
Chart |
News |
PowerRating), with substantial losses attributed to
the problems in the credit market (read
more).

H&R Block
(
HRB |
Quote |
Chart |
News |
PowerRating) posted a wider loss than expected,
also citing credit market woes (full
story).

Sears Holding
(
SHLD |
Quote |
Chart |
News |
PowerRating) reported a 40% drop in profits
(read
more).

Meanwhile, Ciena
(
CIEN |
Quote |
Chart |
News |
PowerRating) swung to a profit in Q3 and
raised its full year guidance (full
story).

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Stocks in Motion

Tiffany
(
TIF |
Quote |
Chart |
News |
PowerRating) Q2 Profit Slips 10%, Lifts FY07 Adj. EPS Target (full
story).

CVS Caremark
(
CVS |
Quote |
Chart |
News |
PowerRating) Aug. Same Store Sales Rise 4.9% (read
more).

VimpelCom
(
VIP |
Quote |
Chart |
News |
PowerRating) Q2 Profit Soars 84% As Revenue Jumps 53% (full
story).

For more stories as they happen, go to our
Breaking News section.


Market Snapshot

Dow

 -13.17 13276.12

NASDAQ

 12.70 2575.86

S&P 500

 -1.80 1461.96

NYSE NASDAQ

Volume

 543,765,240 813,186,611

Up Volume

 221,819,230 605,090,646

Down Volume

 317,498,710 196,057,262

Advances

 1,490 1,451

Declines

 1,655 1,346

New Highs

 15 27

New Lows

 14 30


Strongest/Weakest Industry Groups

Strongest Industries

Weakest Industries
Medical
Practitioners
Mortgage Investment

Networking & Communication Devices
Department Stores
Farm Products Auto
Dealerships


 




Economic
News

Initial Jobless Claims for Aug 25
Wk: Actual +9K, Expected: +2K, Previous: -2K.

Q2 GDP, Preliminary: Actual +4%. Expected: +4%. Previous: +3.4%.

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