TradingMarkets Mid-Day Movers

  • March 30, 2007
  • Darren Wong

Economic sanctions against China send markets
lower.  The Dow was sent lower by 100 points on the news, but
is now recovering.

May Crude futures are trading
fractionally lower this morning to $65.97.  Gold
futures, however, are moving higher this morning up 0.3% to $669.50 an ounce.

Asian markets finished the week
mixed with Tokyo’s Nikkei closing higher by 0.14% to 17,287.65. 
The Shanghai Composite lost 0.4% to 3,183.98, while Hong Kong’s
Hang Seng Index dropped 0.1% to 19,800.93.



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

Dell
(
DELL |
Quote |
Chart |
News |
PowerRating) Finds Errors, Misconduct In Accounting
Probe, To Delay Filing Annual Report (full
story).  DELL shares lose 1.4%.

CKE
Restaurants
(
CKR |
Quote |
Chart |
News |
PowerRating) Q4 Profit Falls 93% On Lower Tax Benefit, Higher
Expenses; Revenue Rises 3.3% (full
story).  CKR shares fall by 1.6%.

Take-Two Shareholders
(
TTWO |
Quote |
Chart |
News |
PowerRating) Shake Up Board, Oust
CEO (full
story).  TTWO shares lose 2.8%.

Red Hat
(
RHT |
Quote |
Chart |
News |
PowerRating) Q4 Profit Declines On Costs (full
story).  RHT shares drop 4%.

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

Market Snapshot

Dow

 -59.61 12,289.14

NASDAQ

 -6.94 2,410.94

S&P 500

 -8.15 1,414.10

 

 NYSE NASDAQ

Volume

 1,230,059,000 922,925,000

Advances

 1656 1261

Declines

 1393 1566

Up Volume

 411 272

Down Volume

 540 501

New Highs

 124 82

New Lows

 11 40



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Gold Bugs Index (HUI) CBOE Oil Index (OIX)
Morgan Stanley Healthcare Payors Index (HMO) GSTI Services Index (GSV)
Dow Jones Equity REIT Index (DJR) S&P Banking Index (BIX)


Economic
News

Construction Spending +0.3% vs
-0.6% consensus, prior -0.8%

Michigan Sentiment-rev
88.4 vs 88.8 consensus, prior prelim 88.8

Chicago PMI 61.7 vs 49.5 consensus, prior 47.9

Personal Income +0.6% vs +0.3% consensus, prior +1.0%

PCE Core MoM +0.3% vs +0.2% Briefing.com estimate

Personal Spending +0.6% vs +0.3% consensus, prior +0.5%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com