TradingMarkets Mid-Day Movers

Stocks are trading mixed this morning
as crude continues to rise and existing home sales data beat
expectations.  The Dow is leading the major U.S. indices
trading up 0.24%.  Leading the blue-chip index this morning
are General Motors
(
GM |
Quote |
Chart |
News |
PowerRating)
and Verizon
(
VZ |
Quote |
Chart |
News |
PowerRating)
,
trading higher by 4.5% and 1.25% respectively.

Crude futures for May continue
to move higher in Friday’s session currently up 1.2% to $62.45 per
barrel.
  Gold futures for
April delivery are falling as the dollar rallies off this
morning’s existing home sales report.  Gold is moving lower by
1.1% to $662.80 an ounce.

Friday’s session in Asia was mixed
overall.  Shanghai’s Composite, Hong Kong’s Hang Seng, and
Tokyo’s Nikkei all finished fractionally higher.



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Stocks in
Motion

Nike
(
NKE |
Quote |
Chart |
News |
PowerRating)
Q3 Earnings Rise, Top
Estimates (full
story
).  NKE shares fall by 1.5%.


Freddie Mac
(
FRE |
Quote |
Chart |
News |
PowerRating)
Dips To Loss In Q4; Plans Repurchase Of Addl. $1
Bln Common Stock (full
story
).  FRE shares gain 1%.

Avery Dennison
(
AVY |
Quote |
Chart |
News |
PowerRating)
To Buy Paxar
(
PXR |
Quote |
Chart |
News |
PowerRating)
For $1.34 Bln In Cash (full
story
). AVY shares gain 2.5%, while PXR shares jump 20%.

Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating)
Files Suit Against
SAP

(
SAP |
Quote |
Chart |
News |
PowerRating)
Alleging ‘Corporate Theft’ (full
story
).  ORCL shares are trading flat, while SAP shares lose 2%.

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

Market Snapshot

Dow

+25.80 12,486.94

NASDAQ

-1.20 2,450.54

S&P 500

+2.41 1,436.95

 

NYSE NASDAQ

Volume

1,138,583,000 711,380,000

Advances

1806 1506

Declines

1181 1329

Up Volume

629 360

Down Volume

386 281

New Highs

146 111

New Lows

10 22



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Amex Disk Drive Index (DDX) Amex Pharmaceuticals Index (DRG)
Amex Oil Index (XOI) Amex Gold Bugs Index (HUI)
Deutsche Bank Energy Index (DXE) Amex Airline Index (XAL)


Economic
News

Existing Home Sales 6.69 mln vs
6.30 mln consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com