TradingMarkets Mid-Day Movers
Stocks move lower as oil
inventories drop along with weakness in technology.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Genentech
(
DNA |
Quote |
Chart |
News |
PowerRating)
Q2 Earnings Surge, Top Estimate; Boosts FY06 EPS Growth (full
story). DNA shares are trading down over 3%.
Infosys Technologies
(
INFY |
Quote |
Chart |
News |
PowerRating) is trading up 6% after beating Wall St. estimates.Â
Genzyme
(
GENZ |
Quote |
Chart |
News |
PowerRating)
Q2 Profit Rises 9%; EPS Ex-items Tops Estimates; Backs FY06 View. GENZ is
trading up 9%.
Arena Resources
(
ARD |
Quote |
Chart |
News |
PowerRating)
Estimates Increased Q2 Revenues On Higher Production. ARD is trading up
7.25%.
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating)
Uneasy With European Commission’s Fine Announcement (full
story). MSFT shares are down over 1% after receiving fine for $357
million USD.Â
Secure Computing
(
SCUR |
Quote |
Chart |
News |
PowerRating)
lowered second quarter revenue estimates sending shares down over 34%.
Crude oil futures are trading nearly unchanged at
$74.10.
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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-40.34
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11,094.43
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NASDAQ
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-17.56
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2,111.30
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S&P 500
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-4.56
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1,267.96
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size=2>NYSE
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size=2>NASDAQ
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Volume
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844,507,000
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682,125,000
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Advances
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1073
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928
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Declines
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2021
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1864
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Up Volume
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277
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191
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Down Volume
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474
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439
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New Hi’s
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49
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36
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New Lo’s
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69
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53
Sectors
Strongest Sectors
Dow Jones Equity REIT (DJR)
North American Telecoms Index (XTC)
Morgan Stanley Health Provider Index (RXH)
Weakest Sectors
S&P Retail Index (RLX)
GSTI Internet Index (GIN)
Combined Computer (IXCOX)
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Crude Inventories Fall Sharply, Add To Recent Decline (full
story).
Gasoline Inventories Down 400,000
Barrels
Crude Oil
Inventories Dow 6 Mln. Barrels
Distillate
Inventories Rise 2.6 Mln. Barrels
U.S. Trade Deficit Sees Modest Increase In May (full
story).
IEA 2006 Demand Growth Forecast Unchanged, Demand Is Expected To Firm Up To 1.57
Mln In 2007 (full
story).
Exports Rise By
2.4% In May
Imports Climbed
1.8% In May
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Darren Wong
darrenw@tradingmarkets.com
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