TradingMarkets Mid-Day Movers

  • March 28, 2007
  • Darren Wong

The major U.S. indices are trading lower this
morning on inflation remarks from Fed Chairman Bernanke.  The
Dow is currently off 0.8%, while the Nasdaq and S&P 500 are each
lower by 0.7%.

May Crude futures are up on
continued Middle East tensions.  Crude is currently trading
up 2.2% to $64.33 per barrel.  Gold futures
are also higher this morning up 0.7% to $673.50 an ounce.

Asian indices closed mostly
lower as worries about U.S. economic growth spread.  Tokyo’s
Nikkei lost 0.6% to 17,254.73 and Hong Kong’s Hang Seng fell 0.8%
to 19,553.87.  Shanghai’s Composite went against the trend
adding 1.1% to close at 3,173.02.



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Gaps Down 5% or More,

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Stocks in
Motion

Yahoo!
(
YHOO |
Quote |
Chart |
News |
PowerRating), Virgin Mobile USA Form
New Strategic Partnership (full
story).  YHOO shares lose 0.7%, while S shares fall by 1.75%.

Beazer Homes
(
BZH |
Quote |
Chart |
News |
PowerRating) Stock Falls On Probe Into
Mortgage Fraud (full
story).  BZH shares fall by 10%.

Delta Air Lines
(
DALRQ |
Quote |
Chart |
News |
PowerRating) Applies For
Listing On NYSE Under Symbol ‘DAL’; Expects To Commence Trading In Early May (full
story).  DALRQ shares plummet 38%.

Accenture
(
ACN |
Quote |
Chart |
News |
PowerRating) Q2 Net Income
Quadruples; Raises FY07 View (full
story).  ACN shares rise by 2.3%.

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

Market Snapshot

Dow

 -104.70 12,292.59

NASDAQ

 -18.08 2,419.35

S&P 500

 -11.45 1,418.36

 

 NYSE NASDAQ

Volume

 1,281,415,000 718,079,000

Advances

 939 774

Declines

 2134 2046

Up Volume

 290 102

Down Volume

 850 553

New Highs

 78 61

New Lows

 23 39



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Oil Index (XOI) Amex Airline Index (XAL)
GSTI Services Index (GSV) Amex Securities Broker/Dealer Index (XBD)
CBOE Oil Index (OIX) S&P Banking Index (BIX)


Economic
News

Durable Goods Orders +2.5% vs
+3.5% consensus

Crude inventories show a build of
2,025K barrels

Darren Wong

Associate Editor

darrenw@tradingmarkets.com