TradingMarkets Mid-Day Movers

  • March 21, 2007
  • Darren Wong

The markets are trading mixed as
traders await the Fed minutes this afternoon.  Positive
results from Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating) and Adobe Systems
(
ADBE |
Quote |
Chart |
News |
PowerRating)
help to keep the tech-heavy Nasdaq in the green.

Crude futures are climbing this
morning by 0.4% to
$59.47 per barrel after the Energy Department report showed
gasoline inventories were down by 3.45 million barrels.  Oil
inventories increased by 3.92 million barrels to 329.3 million
barrels.  Gold futures are
also moving higher, currently up 0.2% to $662.90 ounce.


Asian markets finished
Wednesday’s session broadly higher.  The Shanghai Composite,
Hang Seng Index, and Nikkei Index all finished higher by over
0.8%.




Click here for a free trial to PowerRatings
Heat Maps*,
so that you can quickly gauge overall market direction and go deeper into
individual sectors.



Stocks in
Motion

Morgan Stanley
(
MS |
Quote |
Chart |
News |
PowerRating) Q1 Profit Surges 70%;
EPS From Cont. Ops Tops Street View; Revenue Rises 29% (full
story).  MS shares jump over 4% in early trading.

Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating) Q3 Earnings Rise, Top
Estimate (full
story).  ORCL shares rise by 2.3%.

Adobe Systems
(
ADBE |
Quote |
Chart |
News |
PowerRating) Q1 Profit Up
37%, Non-GAAP EPS Declines 6% But Still Tops Consensus By A Penny (full
story).  ADBE shares jump nearly 5%.

FedEx
(
FDX |
Quote |
Chart |
News |
PowerRating) Q3 Profit Drops 2% On
Higher Expenses; Top Line Rises 7%; EPS Tops Consensus; Trims Q4 Earnings
Forecasts; Tightens FY07 Outlook (full
story).  FDX shares move lower by 2%.

JetBlue Airways
(
JBLU |
Quote |
Chart |
News |
PowerRating) Cuts FY07
Operating Margin View (full
story).  JBLU shares rise by 1%.

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

Market Snapshot

Dow

 -12.98 12,275.12

NASDAQ

 +0.51 2,408.72

S&P 500

 +0.79 1,411.73

 

 NYSE NASDAQ

Volume

 1,034,020,000 735,027,000

Advances

 1678 1470

Declines

 1382 1343

Up Volume

 540 387

Down Volume

 375 267

New Highs

 112 82

New Lows

 16 30



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Computer Hardware Index (HWI) GSTI Multimedia Networking Index (GIP)
Amex Securities Broker/Dealer Index (XBD) Morgan Stanley Healthcare Providers Index (RXH)
Deutsche Bank Energy Index (DXE) Nasdaq Telecommunications Index (IXTCX)


Economic
News

The EIA reports that crude
inventories rose by 3924K barrels, distillates showed a draw of 1500K, and
gasoline inventories dropped by 2000K barrels.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com