Terror Threat — Plus This – Weighing On Market
Stocks are lower Monday,
as new terror threats and higher oil weigh on investors. In a rare Sunday news
conference, Homeland Secretary Tom Ridge outlined specific threats on the IMF,
the World Bank –both in Washington, D.C., the NYSE, the Citigroup building in
NYC and the Prudential building in Newark, N.J.
Manufacturing expanded for the 14th straight
month, with the ISM coming in at 62 for July, up from 61.1 in June. Construction
spending fell for the first time in 5 months — the index set an all-time high
in May.
Shares of Citigroup and Prudential
— the two companies whose buildings were the subject of the terror threat – are
lower, with Citigroup
(
C |
Quote |
Chart |
News |
PowerRating) at 44.08, -0.01 and Prudential
(
PRU |
Quote |
Chart |
News |
PowerRating) is trading
down 0.80 at 45.76.
Oil hit a record $44 per barrel, another record
high.
Apple CEO Steve Jobs had successful
surgery for a form of pancreatic cancer; he is expected to make a full recovery.
| Dow | +5.23 | 10134.32 |
| S&P 500 | +1.44 | 1101.87 |
| Nasdaq | +13.03 | 1894.14 |
Strong today are: Consumer
(
CMR.X |
Quote |
Chart |
News |
PowerRating)
+0.22%, Utilities
(
UTY.X |
Quote |
Chart |
News |
PowerRating) +0.22%, Pharmaceuticals
(
DRG.X |
Quote |
Chart |
News |
PowerRating)
+0.18%.
Weak today are: Biotech
(
BTK.X |
Quote |
Chart |
News |
PowerRating) -2.92%, Airlines
(
XAL.X |
Quote |
Chart |
News |
PowerRating) -2.41%.
10-year Notes are +035
at 110 265
The dollar
is -0.21 at 89.75
Gold is -1.70 at 391.40
Crude Oil is -0.28 at
43.52
Volume is 556 million on
the NYSE, and 710 million on the Nasdaq.
Market breadth is negative
| NYSE | Issues | |
| Advancing | 1209 | Up Vol 191 |
| Declining | 1817 | Down Vol 318 |
| Ratio | 1.50 | 1.66 |
| Nasdaq |
||
| Advancing | 932 | Up Vol 219 |
| Declining | 3159 | Down Vol 355 |
| Ratio | 3.38 | 1.62 |
Stocks in the news:
Corinthian Colleges
(
COCO |
Quote |
Chart |
News |
PowerRating)
lowered its earnings forecast.
Proctor & Gamble
(
PG |
Quote |
Chart |
News |
PowerRating) reported a
better-than-expected profit
Brice Wightman
bricew@tradingmarkets.com