TradingMarkets Mid-Day Movers

  • March 14, 2007
  • Darren Wong

The major averages extend losses after
dropping 2% in yesterday’s session.  Despite returning to
profitability in Q4, General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) shares are
trading lower this morning.

Crude for April delivery is trading
flat at $57.97 after the EIA reported a build in crude inventories
this week.  Gold futures continue to move lower currently
down 0.75% to $644.70 an ounce.

Asian stocks followed the U.S.
slide in Wednesday’s session.  The Shanghai Composite moved
lower by 2%, Hong Kong’s Hang Seng fell 2.6%, and Tokyo’s Nikkei
lost nearly 3%.  



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Gaps Down 5% or More,

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Stocks in
Motion

GM
(
GM |
Quote |
Chart |
News |
PowerRating) Turns To Profit In Q4 On Lower
Expenses; Revenues Ease Marginally (full
story).  GM shares are trading lower by 1%.

Gymboree
(
GYMB |
Quote |
Chart |
News |
PowerRating) Posts Higher Q4 Profit,
Sales Rise 18% (full
story).  GYMB shares gain nearly 9%.

J. Crew
(
JCG |
Quote |
Chart |
News |
PowerRating) Swings To Q4 Profit (full
story).  JCG shares are down 4% in early trading.

Affymetrix
(
AFFX |
Quote |
Chart |
News |
PowerRating) Awarded $16.7 Mln
In Patent Infringement Suit (full
story).  AFFX shares jump 8.3%.

Norsk Hydro
(
NHY |
Quote |
Chart |
News |
PowerRating) Buys 1.6 Mln Shares
Of Ascent Solar
(
ASTI |
Quote |
Chart |
News |
PowerRating) Through Private Placement (full
story).  NHY shares gain 0.5%, while ASTI shares soar by 47%.

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

Market Snapshot

Dow

 -34.85 12,041.11

NASDAQ

 -1.18 2,349.39

S&P 500

 -1.70 1,376.25

 

 NYSE NASDAQ

Volume

 1,313,655,000 762,562,000

Advances

 1485 1292

Declines

 1549 1521

Up Volume

 564 360

Down Volume

 562 331

New Highs

 27 31

New Lows

 60 108



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Networking Index (NWX) Amex Airline Index (XAL)
Nasdaq Telecommunication Index (IXTCX) Nasdaq Transportation Index (TRANX)
Amex Natural Gas Index (XNG) S&P Retail Index (RLX)


Economic
News

The E.I.A. reports that crude
oil inventories had a build of 1.18 mln barrels


Current Accounts -$195.8 bln vs -$203.5 bln consensus

Import prices ex-oil -0.1% , prior unchanged

Darren Wong

Associate Editor

darrenw@tradingmarkets.com