TradingMarkets Mid-Day Movers
Markets slide on housing slowdown as reported by
National Association of Realtors; home builders continue to cut forecasts. Crude
oil futures trade fractionally lower to $67.30.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>
Stocks on the
Move
Palm Cuts Q1 Revenue Outlook On Lower Treo
Sales (full
story). PALM shares fall nearly 9%.
Hovnanian Q3 Earnings Drop Yet Top Estimates;
Reaffirms FY06 EPS Outlook (full
story). HOV shares rise by over 4%.
Movado Q2 Profit Rises 33% On Higher Net Sales,
9.3% Rise In Comps., Favorable Tax Benefit; Backs FY07 EPS Forecast (full
story). MOV shares rise by 1.7%.
Korn/Ferry Q1 Profit Rises; Fee Revenue Up 25%;
Guides Q2 (full
story). KFY shares rise over 3.5%.
Furniture Brands Slashes Q3 EPS Outlook By 50%
On Softening Business Trends (full
story). FBN shares drop over 1%.
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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-60.11
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11,346.09
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NASDAQ
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-6.06
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2,161.78
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S&P 500
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-5.60
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1,294.66
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size=2>NYSE
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size=2>NASDAQ
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Volume
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940,800,000
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813,620,000
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Advances
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818
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1079
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Declines
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2231
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1670
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Up Volume
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201
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276
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Down Volume
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626
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455
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New Hi’s
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29
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26
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New Lo’s
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32
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39
Strongest
Sectors
Weakest
Sectors
Index (IXF)
href=”https://tradingmarkets.com.site/news/Economic%20News/”>
Economic
News
Wholesale Inventories And Sales Increase In July (full
story).
EIA Inventories –
Crude Inventories Down 2.2 Mln. Barrels, Gasoline Inventories Up 700K Barrels,
Distillate Stocks Up 3.1 Mln. Barrels
Jobless Claims Fall Much More Than Expected (full
story).
Initial Jobless
Claims At 310,000, Down 9,000 From Prior Week
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Darren Wong
darrenw@tradingmarkets.com
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