TradingMarkets Mid-Day Movers

  • April 2, 2007
  • Darren Wong

The major indices are slightly mixed in morning
trading.  The Institute of Supply Management’s latest report
showed that U.S. manufacturing is continuing to slow.  This
was offset by further deal news.

May Crude futures are moving
lower this morning by 0.4% to $65.60.  Gold futures
for June delivery is also lower to $663.80 an ounce, a drop of
0.8%.

Monday’s session in Asia finished mixed with the
Shanghai Composite continuing its recent momentum by adding 2.2%
to 3,252.59.  Hong Kong’s Hang Seng Index closed flat at
19,809.70 and Tokyo’s Nikkei dropped 1.5% to 17,028.41.



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

Altria Group
(
MO |
Quote |
Chart |
News |
PowerRating) Completes Spin-off Of Kraft Foods

(
KFT |
Quote |
Chart |
News |
PowerRating) (full
story).  MO shares gain 3%, while KFT shares drop 3%.

New Century Financial
(
NEWC |
Quote |
Chart |
News |
PowerRating) Files for Bankruptcy;
Plans on Laying Off 3,200 Employees.  NEWC shares are trading lower by
nearly 3%.

Tribune Co.
(
TRB |
Quote |
Chart |
News |
PowerRating) Agrees to Buyout From Sam Zell
for $8.2 Billion.  TRB shares add 2.7%.

First Data Corp.
(
FDC |
Quote |
Chart |
News |
PowerRating) to be Acquired for $25.6
Billion.  FDC shares jump 21%.

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

Market Snapshot

Dow

 +0.41 12,354.76

NASDAQ

 -7.37 2,414.28

S&P 500

 +0.03 1,420.89

 

 NYSE NASDAQ

Volume

 1,208,302,000 735,943,000

Advances

 1796 1319

Declines

 1267 1547

Up Volume

 637 270

Down Volume

 431 398

New Highs

 144 87

New Lows

 27 43



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
GSTI Services Index (GSV) PHLX/KBW Bank Sector Index (BKX)
CBOE Oil Index (OIX) Disk Drive Index Index (DDX)
Amex Natural Gas Index (XNG) S&P Banking Index (BIX)


Economic
News

ISM Index 50.9 vs 51.0
consensus, Bloomberg consensus 51.4

Darren Wong

Associate Editor

darrenw@tradingmarkets.com