TradingMarkets Mid-Day Movers

  • March 16, 2007
  • Darren Wong

Despite numerous economic data reports
that were in-line with expectations, inflationary fears continue
to move the markets lower. 

Crude for April delivery is
moving higher this morning by 0.8% to $58.01 per barrel. 
Gold futures are also higher by 1% to $653.90 an
ounce.

Asian markets finished
mostly lower in Friday’s session as traders remain cautious after
last week’s U.S. led selloff.  Hong Kong’s Hang Seng index
traded fractionally lower, while the Shanghai Composite and Nikkei
both lost about 0.7%.

Our

Daily Market Bias page has been updated with new indicators to
determine if there is a strong bias for the market to move higher
(or lower) the following day.  These tables can help you to
pinpoint market conditions that have historically led to
significant up or down moves over the next 1 to 5 days. 

Click here for more information on our Daily Market Bias
indicators.



Stocks in
Motion

Pacific Sunwear
(
PSUN |
Quote |
Chart |
News |
PowerRating) Q4 Profit
Declines 80%, Net Sales Up 7.8% (full
story).  PSUN shares are trading higher by 7%.

Aeropostale
(
ARO |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Rise, Top
Estimate; Sees Higher Q1 Earnings; Boosts Share Buyback (full
story).  ARO shares are lower by 0.4%.

Coventry Health Care
(
CVH |
Quote |
Chart |
News |
PowerRating) Lifts FY07
Forecast (full
story).  CVH shares are trading fractionally lower.

Tektronix
(
TEK |
Quote |
Chart |
News |
PowerRating) Q3 Non-GAAP Earnings
From Continuing Operations Rise; EPS Beats View; Declares Dividend; Guides Q4 (full
story).  TEK shares fall by 2.6%.

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

Market Snapshot

Dow

 -41.42 12,118.26

NASDAQ

 -11.04 2,367.66

S&P 500

 -3.98 1,388.30

 

 NYSE NASDAQ

Volume

 1,787,362,000 1,056,518,000

Advances

 1367 1024

Declines

 1645 1765

Up Volume

 719 265

Down Volume

 846 699

New Highs

 65 48

New Lows

 20 48



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Gold Bugs Index (HUI) S&P Chemicals Index (CEX)
Morgan Stanley Healthcare Payors Index (HMO) Amex Airline Index (XAL)
Morgan Stanley Healthcare Providers Index (DRG) Amex Securities Broker/Dealer Index (XBD)


Economic
News

Industrial Production 1.0 vs
+0.3% consensus

Capacity Utilization 82.0 vs 81.3%
consensus

CPI y/y 2.4 vs 2.3% Bloomberg consensus

CPI m/m +0.4 vs +0.3% consensus

Core CPI 2.7 y/y vs 2.7% Bloomberg consensus

Core CPI m/m +0.2 vs +0.2% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com