TradingMarkets Mid-Day Movers
Earlier this week 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 trading
flat/slightly lower today after yesterday’s disappointing late afternoon
selloff. The Energy Department Weekly Petroleum Status report gave
stocks a brief boost but they have since declined.
The EIA reported that Crude Oil Inventories were up 2.7 Mln
barrels and that Gasoline Inventories were also up 2.7 Mln barrels last week (report).
Mortgage Bankers Association reported that
mortgage loan applications rose last week (report).
Go to our
Economic
News section for reports and analysis.
Energy prices are mixed following today’s report
with Crude Oil and Natural Gas both heading higher. Crude Oil is trading above
$60 once again.
Treasuries are trading slightly lower, while the
US Dollar Index is trading higher.
Stocks On The Move
The Detroit News reported that Ford
(
F |
Quote |
Chart |
News |
PowerRating) plans to
eliminate up to 30,000 workers and close at least 10-factories (more).
Microsoft
(
MSFT |
Quote |
Chart |
News |
PowerRating) was in the headlines today, with
two stories hitting the wires. The company announced plans to invest $1 Bln in
India (full
story). Shortly after that the South Korea Fair Trade Commission fined
Microsoft $32 Mln for a trade rules violation (full
story).
Dow Jones
(
DJ |
Quote |
Chart |
News |
PowerRating) announced that advertising linage at
the Wall Street Journal rose 8.7% in November (full
story).
Panera Bread
(
PNRA |
Quote |
Chart |
News |
PowerRating) raised their full year 2005
EPS outlook and announced a 7.7% rise in November sales (full
story).
Ingram Micro
(
IM |
Quote |
Chart |
News |
PowerRating) confirmed Q4 earnings outlook in
line or above estimates (full
story).
3M
(
MMM |
Quote |
Chart |
News |
PowerRating) announced the appointment of a new
Chairman, President and CEO. George Buckley, former Chairman and CEO of
Brunswick Corp. will succeed Robert Morrison with immediate effect (full
story).
In another boardroom reshuffle, Sempra Energy
(
SRE |
Quote |
Chart |
News |
PowerRating)
announced a number of senior management changes (full
story).
| Dow |
-7.86 | 10,849.00 |
| NASDAQ |
-6.53 | 2254.23 |
| S&P 500 |
-3.01 | 1260.69 |
| NYSE | NASDAQ | |
| Volume |
823,684,000 | 743,417,000 |
| Advances |
1204 | 1134 |
| Declines |
1866 | 1699 |
| Up Volume |
307 | 333 |
| Down Volume |
416 | 348 |
| New Hi’s |
93 | 82 |
| New Lo’s |
49 | 33 |
|
|
Weakest Sectors |
| Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
Healthcare ( HMO | Quote | Chart | News | PowerRating) |
| Gold and Silver ( XAU | Quote | Chart | News | PowerRating) |
Biotechnology ( BTK | Quote | Chart | News | PowerRating) |
| Airline ( XAL | Quote | Chart | News | PowerRating) |
Semiconductor ( SOX | Quote | Chart | News | PowerRating) |
Economic News
Mortgage Bankers Association:
Weekly Market Index +5.2%
Purchase Index +4.0%
Refinancing Index +7.6%
EIA Petroleum Status Report:
Crude Oil Inventories +2.7 Mln Barrels
Gasoline Inventories +2.7 Mln Barrels
Ashton Dorkins
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TradingMarkets in the 13th Annual
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