TradingMarkets Mid-Day Movers

  • March 22, 2007
  • Darren Wong

Momentum from yesterday’s Fed decision
is not carrying through this morning as all the major indices are
negative.  Crude prices are moving back above $60 and is
contributing to today’s selling.

Crude futures for May are
moving up for the third straight session currently up 2.6% to $61.15.  Gold futures are
also moving higher by 1.4% to $669.30 an ounce.

Asian stocks gained ground for the
fourth straight session as investors approved of the Fed’s
decision to keep rates steady.  The Nikkei led the Asian
markets by gaining 1.5%.  The Shanghai Composite and Hong
Kong’s Hang Seng rallied 0.5% and 0.9% respectively. 



The PowerRatings
Heat Maps*
from Wednesday’s close is showing widespread price action that has
historically led to weakness. 

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



Stocks in
Motion

Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating) Trims Q1, FY07 Forecast,
Shuffles Executive Deck; Accelerates Share Buyback (full
story).  MOT shares drop nearly 6%.

General Mills
(
GIS |
Quote |
Chart |
News |
PowerRating) Q3 Profit Rises 9% On
Top Line Growth; Lifts FY07 EPS Outlook (full
story).  GIS shares gains 0.7%.

Morgan Stanley
(
MS |
Quote |
Chart |
News |
PowerRating) Wins Reversal Of
$1.58 Bln Verdict Awarded To Perelman (full
story).  MS shares are trading flat through the morning.

Intuit
(
INTU |
Quote |
Chart |
News |
PowerRating) Reiterates FY07
Guidance (full
story).  INTU shares fall by nearly 8%.

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

Market Snapshot

Dow

 -16.98 12,430.54

NASDAQ

 -8.21 2,447.71

S&P 500

 -2.56 1,432.51

 

 NYSE NASDAQ

Volume

 1,342,577,000 797,193,000

Advances

 1432 1326

Declines

 1630 1482

Up Volume

 478 301

Down Volume

 707 421

New Highs

 173 125

New Lows

 11 23



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
CBOE Oil Index (OIX) Computer Hardware Index (HWI)
Amex Oil Index (XOI) Amex Airline Index (XAL)
Deutsche Bank Energy Index (DXE) GSTI Multimedia Networking Index (GIP)


Economic
News

Leading Indicators -0.5% vs
-0.3% consensus

Initial Claims 316K vs 325K
consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com