TradingMarkets Mid-Day Movers

Major indices trade higher by 0.3%.
Crude oil futures trade lower by 2.2% to $61.02.

Stocks on the Move

Level 3 Communications
(
LVLT |
Quote |
Chart |
News |
PowerRating)
To Acquire Savvis’
(
SVVS |
Quote |
Chart |
News |
PowerRating)

Content Delivery Network Business For $135 Mln Cash (full
story
).  LVLT shares trade lower by 0.3%, while SVVS shares rise by
2.25%.

Alcoa
(
AA |
Quote |
Chart |
News |
PowerRating)
Reaches Tentative Agreement With United Auto Workers
Local 1050 To End Seven-week Strike At Its Cleveland Works Plant (full
story
).  AA shares rise by 0.3%.

Telik
(
TELK |
Quote |
Chart |
News |
PowerRating)
Shares Plunge As Cancer Drug Telcyta Fails In
Studies (full
story
).  TELK shares drop over 70% in early trading.

Kite Realty
(
KRG |
Quote |
Chart |
News |
PowerRating)
Receives Upgrade from Wachovia from Market
Perform to Outperform.  KRG shares rise by 2%.

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

Market Snapshot

Dow


+35.01

12,378.23

NASDAQ

+7.17

2,408.37

S&P 500


+3.69

1,414.45

NYSE


NASDAQ

Volume


486,799,000

416,592,000

Advances


2090

1761

Declines


998

1087

Up Volume


268

234

Down Volume


143

140

New Highs


115

7


New Lows


12

30


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Amex Airline Index (RXH)


Amex Natural Gas  Index (XNG)

Amex Gold Bugs
Index (HUI)

Deutsche Bank Energy
Index (DXE)

Amex Disk Drive Index (DDX)

CBOE Oil Index (OIX)


Economic News

No economic reports released today.

Darren Wong
darrenw@tradingmarkets.com



P.S.

Click here
to use PowerRatings to identify stocks that could potentially
move higher in the next few days.