TradingMarkets Mid-Day Movers
This month TradingMarkets.com published new
research on what the month of December is likely to have in store for the
stock market. Our research, titled “Will
December Be Up Or Down?” showed some interesting results when comparing
all Decembers with those that have followed a market that is up after the first
11-months (as it is this year).
The major averages are mixed despite lots of activity related
to “Quadruple Witching” today (the quarterly expiry of stock index futures,
stock index options, stock options, and single stock futures), plus the S&P 500
and Nasdaq 100 rebalancing taking place after the close.
The Department of Commerce released the only economic news
today, which showed the Current Account Deficit narrowed unexpectedly in the
third quarter (report).
Go to our
Economic
News section for more headlines and analysis.
Treasuries are higher following the report and
the US Dollar is trading lower.
Energy prices are moving lower as warmer weather
is forecast for much of the US over the next 6-10 days.
Southern Union (PowerRating)
(
SUG |
Quote |
Chart |
News |
PowerRating) to buy Sid Richardson Energy for $1.6 Bln cash, deal to close in Q1 (full
story).
RadioShack (PowerRating)
(
RSH |
Quote |
Chart |
News |
PowerRating) says it won’t make FY05 EPS outlook due to soft sales of wireless
units and high margin products (full
story).
ITT Industries (PowerRating)
(
ITT |
Quote |
Chart |
News |
PowerRating) sees FY06 EPS to grow 14-18%, reaffirms FY05 EPS outlook, splits
stock, hikes dividend, to divest switches business (full
story).
Carnival (PowerRating)
(
CCL |
Quote |
Chart |
News |
PowerRating) Q4 profit rises 20% on a 14.4% increase in revenue; sees FY06 and Q1
EPS below consensus (full
story).
For more stories as they happen, go to our
Breaking
News section.
| Dow |
+34.34 | 10,916.01 |
| NASDAQ |
-1.57 | 2259.06 |
| S&P 500 |
+1.60 | 1272.54 |
| NYSE | NASDAQ | |
| Volume |
1,263,252,000 | 1,190,627,000 |
| Advances |
1706 | 1349 |
| Declines |
1430 | 1506 |
| Up Volume |
625 | 458 |
| Down Volume |
519 | 674 |
| New Hi’s |
116 | 68 |
| New Lo’s |
38 | 37 |
|
|
Weakest Sectors |
| Airline ( XAL | Quote | Chart | News | PowerRating) |
Chemical ( CEX | Quote | Chart | News | PowerRating) |
| Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
Oil ( XOI | Quote | Chart | News | PowerRating) |
| Gold and Silver ( XAU | Quote | Chart | News | PowerRating) |
Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
Current Account Deficit At $195.8 Bln. For Q3 (report)
Ashton Dorkins