TradingMarkets Mid-Day Movers
Stocks staged a dramatic turnaround
yesterday, with early selling pressure turning into strong buying power that
sent all the major averages sharply higher. With earnings season in
full swing and a number of companies disappointing after the close last night,
most notably eBay
(
EBAY |
Quote |
Chart |
News |
PowerRating), stocks are slightly lower today. For all the
latest earnings statements
click here.
The US Dollar Index is virtually unchanged, treasuries are
slightly lower and energy futures continue to decline. December crude oil is
trading below $60.
Hurricane Wilma has been downgraded to a category 4 storm. The
Florida Keys and Peninsula are still on high alert and residents are advised to
follow the latest reports.
Stocks On The Move
Pfizer
(
PFE |
Quote |
Chart |
News |
PowerRating) is by far the worst performing Dow component,
dropping 7.3% on disappointing guidance included in its quarterly earnings
statement. With Thursday’s decline, the stock has reached its lowest level of
2005. McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating) is also weak on earnings news, falling by 2.2%,
though the stock is still holding a portion of the gains it posted on Tuesday in
anticipation of its quarterly report. Exxon Mobil
(
XOM |
Quote |
Chart |
News |
PowerRating) is another drag on
the Dow, falling by 1.9%.
Earnings news is boosting shares of Coca-Cola
(
KO |
Quote |
Chart |
News |
PowerRating) and SBC
(
SBC |
Quote |
Chart |
News |
PowerRating), which are the best performing blue chips with gains of more than
2.2%. Home Depot
(
HD |
Quote |
Chart |
News |
PowerRating) is adding to a rally it posted on Wednesday, rising
1.9% and moving above its 50-day and 200-day moving averages.
Â
Dow |
-22.73 | 10,391.40 |
NASDAQ |
-8.48 | 2082.76 |
S&P 500 |
-5.68 | 1190.08 |
NYSE | NASDAQ | |
Volume |
1,034,702,000 | 745,389,000 |
Advances |
1186 | 1122 |
Declines |
1860 | 1637 |
Up Volume |
378 | 305 |
Down Volume |
536 | 381 |
New Hi’s |
40 | 55 |
New Lo’s |
75 | 50 |
Â
|
Weakest Sectors |
Natural Gas ( XNG | Quote | Chart | News | PowerRating) |
Chemical ( CEX | Quote | Chart | News | PowerRating) |
Oil ( XOI | Quote | Chart | News | PowerRating) |
Semiconductor ( SOX | Quote | Chart | News | PowerRating) |
Oil Service ( OSX | Quote | Chart | News | PowerRating) |
Networking ( NWX | Quote | Chart | News | PowerRating) |
Ashton Dorkins