TradingMarkets Mid-Day Movers
Markets trade mixed despite higher than expected GDP
numbers. Crude oil futures trade lower down by
1.2% to $68.83.
Tuesday’s
action on the S&P and Nasdaq indices included Advancers beating Decliners for 3
straight sessions. Historically, this has been a signal that the market
will be quiet or drop. It will be interesting to see if we get more
bearish signals today/this week since the S&P is near the top of the recent
trading range (click
here for more info).
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Costco August Comps. Rises 7%, Net Sales Up
11%; Lowers Q4, FY06 EPS Outlook Below Consensus (full
story). COST shares sink by nearly 5%.
Altria Boosts Regular Quarterly Dividend By
7.5% (full
story). MO shares are trading fractionally lower this morning.
Talx, AT&T Announce Three-year Networking
Contract (full
story). TALX shares are up 4.25%. T shares up fractionally.
Dycom Industries Inc. Exceeded The Q4 Consensus
(full
story). DY shares jump nearly 8%.
Micros Systems Inc. Posted Better Than Expected
Q4 Results (full
story). MCRS shares surge over 20%.
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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-1.44
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11,368.50
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NASDAQ
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+5.59
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2,177.89
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S&P 500
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-1.24
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1,303.04
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size=2>NYSE
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size=2>NASDAQ
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Volume
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834,174,000
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682,592,000
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Advances
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2077
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1746
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Declines
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983
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1007
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Up Volume
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461
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453
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Down Volume
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265
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147
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New Hi’s
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173
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80
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New Lo’s
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19
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20
Strongest
Sectors
Weakest
Sectors
Index (GIP)
Health Provider Index (HMO)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Economy Grew Faster Than Previously Estimated In Q2
(full
story).
EIA – Crude Up 2.4
Mln. Barrels; Gasoline Up 400K Barrels; Distillates Up 1.3 Mln. Barrels
ADP Nonfarm
Private Employment Up 107K
Fed’s Fisher:
Inflation Indicators Not Well Behaved
Fed’s Fisher:
Housing Slowdown May Lead To More Balanced Economy
Mortgage
Applications Down 22.4% Compared To This Time Last Year
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Darren Wong
darrenw@tradingmarkets.com
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Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
Adv.
Issues > Dec. Issues 3 Days In A Row- Too many stocks rising in one
day or over multiple days usually precede a market that will be quiet or drop.
Too many stocks declining in one day or over multiple days usually precede a
market rally, especially when the market is above its 200 day ma.
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