TradingMarkets Mid-Day Movers

  • April 11, 2007
  • Darren Wong

The major U.S. indices are all lower this morning,
despite positive earnings from Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating) and job cuts
at Citi
(
C |
Quote |
Chart |
News |
PowerRating).  Fed Chairman Bernanke is set to give a
speech this afternoon, which has some traders cautious.   

Crude futures for May delivery
are up 0.5% to $62.17 per barrel after the EIA reported a build of
678K barrels.   
June gold futures are also up 0.3% to $683.60 per ounce.

Around Asia, the Shanghai Composite added 1.5%
to close at 3,495.22, Hong Kong’s Hang Seng added 0.5% to
20,449.43, and Tokyo’s Nikkei closed flat at 17,670.07.



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start making a watch list. 



Stocks in
Motion

Higher Aluminum Prices Add Luster To Alcoa’s
(
AA |
Quote |
Chart |
News |
PowerRating) Q1
Results (full
story).  AA shares add nearly 1%.

Citi
(
C |
Quote |
Chart |
News |
PowerRating)
To Axe 17K Jobs; Sees $1.38 Bln Pre-tax Charge In Q1, $2.1 Bln Savings In FY07 (full
story).  C shares fall by 1.7%.

Target
(
TGT |
Quote |
Chart |
News |
PowerRating) March Comp. Rises 12%, Sees Decline In
April Comp. (full
story).  TGT shares lose 1.25%.

Tractor Supply
(
TSCO |
Quote |
Chart |
News |
PowerRating) Q1 Sales Rise 20%,
Same-store Sales Up 8.5%; Gives Q1 EPS View; Lifts FY07 Forecast (full
story).  TSCO shares jump over 11%.

For more stories as they happen, go to our
Breaking News section.

Market Snapshot

Dow

 -73.79 12,500.06

NASDAQ

 -13.27 2,464.34

S&P 500

 -6.75 1,441.64

 

 NYSE NASDAQ

Volume

 1,183,942,000 834,943,000

Advances

 995 899

Declines

 2060 1966

Up Volume

 306 213

Down Volume

 712 550

New Highs

 147 88

New Lows

 19 45



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Oil Index (XOI) Morgan Stanley Healthcare Payors Index (HMO)
CBOE Oil Index (OIX) GSTI Hardware Index (GHA)
Morgan Stanley Healthcare Providers Index (RXH) S&P Chemicals Index (CEX)


Economic
News

No economic reports released
today.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com