TradingMarkets Mid-Day Movers

  • February 6, 2007
  • Darren Wong

After moving up early in the
session, the markets have turned fractionally lower.  The
major averages have all pulled into negative territory with the
Nasdaq showing the largest decline.

Notable decliners in the Nasdaq 100
include Akamai Technologies
(
AKAM |
Quote |
Chart |
News |
PowerRating) and IAC/InterActive
Corp.
(
IACI |
Quote |
Chart |
News |
PowerRating).  AKAM shares are currently down 5%,
while IACI shares are off by 3.5%.

Crude oil continues to rise as freezing
conditions throughout the eastern half of the U.S. spurs heating
fuel demand.  Crude is currently up 0.3% to $58.91 a barrel.

Gold is also climbing on speculation that the
dollar will weaken.  Gold futures for April delivery are
trading higher by $1.70 to $657.80 an ounce.

We are still seeing a bearish
outlook from our
PowerRatings
Heat Maps*. 
Price action continues to struggle to move higher and few low risk
buying opportunities are presenting themselves. 

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


Stocks in
Motion

Las Vegas Sands
(
LVS |
Quote |
Chart |
News |
PowerRating) Q4 Earnings Rise, Top Estimate (full
story).  LVS shares drop 5.4% through the morning.

IAC/InterActiveCorp
(
IACI |
Quote |
Chart |
News |
PowerRating) Q4 Profit Declines
85%, Adj. EPS Up 34.5% And Tops Consensus; Revenue Rises 7.8% (full
story).  IACI shares lose 3.7%.

Tyco
(
TYC |
Quote |
Chart |
News |
PowerRating) Q1 Profit Surges 43% On Higher Top Line;
Income From Cont. Opns. Slips 7.6%; Guides Q2 (full
story).  TYC shares fall by 1.8%.

National Semiconductor
(
NSM |
Quote |
Chart |
News |
PowerRating) Cuts Q3 Revenue Outlook (full
story).  NSM shares drop 4.3%.

Anadarko Petroleum
(
APC |
Quote |
Chart |
News |
PowerRating) Q4 Profit Rises On Income
From Discontinued Operations (full
story). APC shares lose 2%.

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

Market Snapshot

Dow

 -9.37 12,652.37

NASDAQ

 -10.57 2,460.43

S&P 500

 -1.49 1,445.62

 

 NYSE NASDAQ

Volume

 971,564,000 824,408,000

Advances

 1726 1323

Declines

 1343 1487

Up Volume

 418 218

Down Volume

 429 527

New Highs

 264 109

New Lows

 12 37



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Airline Index (XAL) CBOE Internet Index (INX)
S&P Banking Index (BIX) GSTI Hardware Index (GHA)
S&P Chemicals Index (CEX) Computer Hardware Index (HWI)


Economic
News

No economic
reports released today.

Darren Wong

Associate Editor

darrenw@tradingmarkets.com