TradingMarkets Mid-Day Movers

  • March 29, 2007
  • Darren Wong

The Dow and S&P are rallying on GDP data showing
higher fourth quarter growth.  They are both currently up
0.2%, while the Nasdaq is lower by 0.1%. 

May Crude futures continues to
rise currently at $64.73 per barrel up 1%.  Gold futures
are lower this morning to $663.70 an ounce, a loss of 1.4%.

Asian markets rallied across
the board with Hong Kong’s Hang Seng leading the major indices up
1.4% to 19,821.78.  The Shanghai Composite gained 0.8% to
3,197.54, while Tokyo’s Nikkei only gained 0.05% to 17,263.94.



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

U.S. Steel
(
X |
Quote |
Chart |
News |
PowerRating) To Acquire Lone Star For $2.1 Bln In Cash
(full
story).  X shares gain 2.5%, while LSS shares soar by 36%.

Wet Seal
(
WTSLA |
Quote |
Chart |
News |
PowerRating) Q4 Loss Widens On Higher Charges;
Adj. Profit Rises 18%; Comps Up 3.1%; Guides Q1; Authorizes 4 Mln Share Buy Back
(full
story).  WTSLA shares rise by 1%.

CarMax
(
KMX |
Quote |
Chart |
News |
PowerRating) Q4 Profit Up 15% As Sales Rise 16%;
Provides FY08 Outlook (full
story).  KMX shares drop 5.5%.

Nabors Industries
(
NBR |
Quote |
Chart |
News |
PowerRating) Warns Q1 Earnings To Be
Below Street View (full
story).  NBR shares lose 1.7%.

Paychex
(
PAYX |
Quote |
Chart |
News |
PowerRating) Q3 Earnings Rise; Match Estimate,
Ex-item; Backs FY07 Views (full
story).  PAYX shares fall by 1.6%.

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

Market Snapshot

Dow

 +20.11 12,320.47

NASDAQ

 -6.98 2,410.12

S&P 500

 +1.46 1,418.69

 

 NYSE NASDAQ

Volume

 1,212,133,000 752,799,000

Advances

 2056 1559

Declines

 996 1266

Up Volume

 670 336

Down Volume

 385 342

New Highs

 124 71

New Lows

 13 41



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
North American Telecoms Index (XTC) Amex Disk Drive Index (DDX)
Amex Pharmaceutical Index (DRG) Nasdaq Transportation Index (TRANX)
PHLX / KBW Bank Sector Index (BKX) Morgan Stanley Healthcare Payors Index (HMO)


Economic
News

Help Wanted Index 31 vs 31
consensus

Initial Claims 308K vs 320K consensus

GDP- final +2.5% vs 2.2% consensus

Chain Deflator-final +1.7% vs +1.7% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com