TradingMarkets Mid-Day Movers
Stocks post modest gains as
the housing numbers quell some interest fears and GOOG is added to the S&P.
New housing sales fell over 10%, to the lowest levels
since 2003.
Crude oil futures were trading higher, up about .75%
Google
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stock rose almost 8% after being added to the S&P 500. GOOG’s status as a
member begins after March 31.
Lucent
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advanced in merger talks with Alcatel
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LU jumped 9% and ALA jumped almost 2%.
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
GM
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Power Rating
Announces Sale Of Majority Stake In Mortgage Unit (full
story).
FDA Panel Recommends Against Approval Of
Cephalon’s
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Power Rating
ADHD Drug SPARLON; Co. Cuts FY06 Sales Guidance (full
story).
Palm
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Power Rating
Earnings Rise, Top Estimates; Guides Q4 Above Consensus (full
story).
Solectron
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Power Rating
Swings To Profit In Q2 On Lower Costs; Non – GAAP EPS Matches Estimate; Sees Q3
EPS In $0.03 – $0.05 Range (full
story).
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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+32.65
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11,302.94
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NASDAQ
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+11.21
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2,311.36
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S&P 500
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+2.96
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1,304.63
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size=2>NYSE
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size=2>NASDAQ
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Volume
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1,099,769,000
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899,156,000
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Advances
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1832
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1625
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Declines
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1215
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1164
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Up Volume
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787
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556
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Down Volume
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212
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282
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New Hi’s
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120
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134
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New Lo’s
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15
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21
Sectors
Strongest
Sectors
Weakest
Sectors
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
New Home Sales Fall More Than Expected In February (full
story).
Durable Goods Orders Rebound More Than Expected In February (full
story).
John Patrick Lee
johnl@tradingmarkets.com
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