TradingMarkets Mid-Day Movers
The major averages are trading
slightly lower today, adding to yesterday’s losses. The market was
hit by a triple whammy of inflation worries, Fed talk of higher interest rates
and disappointing earnings by Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) yesterday. As if that wasn’t
enough, traders awoke to the news that hurricane Wilma has strengthened form a
category 1 to a category 5 storm overnight. Florida and the Gulf of Mexico is on
high alert.
The EIA released its weekly Petroleum Status Report earlier
today which showed that Crude Oil inventories and Gasoline inventories were up
5.6 Mln and 2.9 Mln barrels respectively (more).
Oil and gas futures are all trading lower following the report.
The US Dollar Index is also lower today, while treasuries are
higher.
Stocks On The Move
Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating) is up nearly 5% on its quarterly results,
which were released after the close on Tuesday. eBay
(
EBAY |
Quote |
Chart |
News |
PowerRating) is scheduled to
release its earnings after the closing bell.
CBOT Holdings
(
BOT |
Quote |
Chart |
News |
PowerRating) is a significant gainer in its debut
as a public company. The stock, which began trading at around 10 am ET, is
currently trading at $84, $30 above its $54 offering price.
ATMI
(
ATMI |
Quote |
Chart |
News |
PowerRating) is among the worst performers in the early going on
disappointing earnings and guidance released before the opening bell. The stock
is currently down 14%.
United Technologies
(
UTX |
Quote |
Chart |
News |
PowerRating) dropped sharply on
earnings news yesterday but is bouncing back during today’s session, putting in
the best performance among the Dow components with a gain of 2.3%. JP Morgan
(
JPM |
Quote |
Chart |
News |
PowerRating)
is rallying on its better-than-expected quarterly profit, climbing by 2%.
GM
(
GM |
Quote |
Chart |
News |
PowerRating) is again one of the worst performing
Dow components, continuing to give back the sharp advance posted on Monday. GM
is off its lows of the day, but is still showing a decline of 1.9%. Intel
(
INTC |
Quote |
Chart |
News |
PowerRating)
is also a significant drag on the Dow, falling about 1.9% on its earnings
report. Honeywell
(
HON |
Quote |
Chart |
News |
PowerRating) is also falling on earnings news, dropping by 1.8%.
| Dow |
-16.33 | 10,268.93 |
| NASDAQ |
-7.83 | 2048.17 |
| S&P 500 |
-4.48 | 1173.66 |
| NYSE | NASDAQ | |
| Volume |
1,092,032,000 | 799,611,000 |
| Advances |
823 | 838 |
| Declines |
2254 | 1973 |
| Up Volume |
209 | 252 |
| Down Volume |
767 | 490 |
| New Hi’s |
19 | 19 |
| New Lo’s |
188 | 117 |
Â
|
|
Weakest Sectors |
| Healthcare ( HMO | Quote | Chart | News | PowerRating) |
Gold Bugs ( HUI | Quote | Chart | News | PowerRating) |
| Pharmaceutical ( DRG | Quote | Chart | News | PowerRating) |
Semiconductor ( SOX | Quote | Chart | News | PowerRating) |
| Banks ( BIX | Quote | Chart | News | PowerRating) |
Disk Drive ( DDX | Quote | Chart | News | PowerRating) |
Ashton Dorkins