TradingMarkets Mid-Day Movers

  • February 21, 2007
  • Darren Wong

While selling pressure has
waned from earlier in the session, stocks continue to see some
weakness in late morning trading on Wednesday. The major averages
all remain in negative territory, although they have moved off
their worst levels of the day.

Asian markets finished mixed in Wednesday’s
session.  Hong Kong’s Hang Seng index finished up 0.4%,
Tokyo’s Nikkei index fell 0.14%, and the Shanghai Composite made
slight gains of 0.2%.  European markets continue moving lower
this morning with France’s CAC 40 falling 0.5%, while Britain’s
FTSE and Germany’s DAX are lower by nearly 1%. 

Crude for April delivery continues
to move lower currently down 0.5% to $58.56 per barrel.  Gold
for April delivery is moving up through the morning and is trading
up 0.7% to $665.30 an ounce.



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Gaps Down 5% or More,

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Stocks in
Motion

HP
(
HPQ |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise, Top Estimates; Boosts FY07
Outlook (full
story).  HPQ shares lose 4.2% in early trading.

Medtronic
(
MDT |
Quote |
Chart |
News |
PowerRating) Q3 Profit Up 6%, EPS Grew 11% And Tops
Consensus; Revenues Rise 10%; Lifts Lower End Of FY07 EPS Forecast (full
story).  MDT shares lose nearly 4%.

Hershey
(
HSY |
Quote |
Chart |
News |
PowerRating) Reaffirms Its Long-term, 2007
Expectations (full
story).  HSY shares are trading flat through the morning.

H. J. Heinz
(
HNZ |
Quote |
Chart |
News |
PowerRating) Projects Q3 EPS Growth Of 30%; Backs
FY07 EPS Guidance (full
story).  HNZ shares are trading fractionally lower.

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

Market Snapshot

Dow

 -53.44 12,733.00

NASDAQ

 -2.33 2,510.80

S&P 500

 -3.74 1,455.86

 

 NYSE NASDAQ

Volume

 1,006,131,000 905,509,000

Advances

 1195 1257

Declines

 1886 1594

Up Volume

 322 372

Down Volume

 566 453

New Highs

 191 140

New Lows

 11 20



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Deutsche Bank Energy Index (DXE) Nasdaq Telecommunication Index (IXTC)
Amex Gold Bugs Index (HUI) GSTI Semiconductor Index (GSM)
Amex Oil Index (XOI) Amex Pharmaceutical Index (DRG)


Economic
News

Core CPI m/m +0.3% vs +0.2%
consensus, prior +0.1%

CPI m/m +0.2% vs +0.1%
consensus, +0.4% prior

Leading Indicators +0.1% vs +0.2% consensus, prior +0.3%

Darren Wong

Associate Editor

darrenw@tradingmarkets.com