TradingMarkets Mid-Day Movers
Markets lifted by positive August Jobs report. Crude oil futures
trade lower this morning by 1% at $69.57.
Thursday’s
action on the Nasdaq index included a bearish VIX signal (explained below).Â
The VIX Index is the most widely used method to access stock market volatility
and is used along with with 15 other signals in our How Markets Really Work
service (click
here for more info). It will be interesting to see how the markets
react next week after this week’s consolidation.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Broadcom Says It Will Continue To Pursue U.S.
Federal Antitrust Claims Against Qualcomm (full
story). BRCM shares trade lower by 3%, while QCOM shares rise by over
2%.
Starbucks August Same-store Sales Rise 5% (full
story). SBUX shares rise by over 3%.
Gateway Determines Expression Of Interest For
Retail Operations From Mr. Hui Not In Best Interest Of Shareholders (full
story). GTW shares trade lower by 2%.
H&R Block Q1 Loss Widens Due To Provision For
Mortgage Loan Repurchase Liability; Cuts FY07 Outlook (full
story). HRB shares are trading fractionally higher through the
morning.
Wind River Systems Q2 Revenue Increases; Guides
Q3 Within Analysts’ View (full
story). WIND shares rally by over 8%.
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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+60.67
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11,441.82
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NASDAQ
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+8.69
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2,192.44
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S&P 500
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+5.80
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1,309.62
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size=2>NYSE
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size=2>NASDAQ
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Volume
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780,371,000
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619,556,000
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Advances
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1873
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1513
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Declines
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1164
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1304
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Up Volume
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419
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295
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Down Volume
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253
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225
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New Hi’s
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142
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71
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New Lo’s
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12
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21
Strongest
Sectors
Weakest
Sectors
Index (CEX)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Pending Home Sales
Index Slides 7% For July
Construction
Spending Down 1.2% In July
Construction
Spending For July Down 1.2%; ISM Index For August 54.5
ISM Manufacturing
Index At 54.5 For Aug.
ISM Prices Index
At 73.0 For Aug
U.S. Employment Increases By 128,000 Jobs In August (full
story).
Average Hourly
Earnings Up $0.02 To $16.79
Unemployment Rate
At 4.7% In August
Average Work Week
Dips To 33.8 Hours
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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.
VIX
Alert-This Alert triggers when the VIX is 5% above or below its 10
day ma. 5% below usually precedes a quiet/down market. 5% above many times
precedes a short-term rally.
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