TradingMarkets Mid-Day Movers

  • March 8, 2007
  • Darren Wong

U.S. stocks continue to extend
their recovery after last week’s major selloff, despite lackluster
retail sales reports.  The Dow is currently up by nearly 1%
with all 30 Dow components in positive territory.

Blue-chip leaders include AT&T

(
T |
Quote |
Chart |
News |
PowerRating) and General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) both up over 2%.

Crude prices are trading
lower through the morning. Crude futures are currently lower by
0.8% to $61.31 per
barrel. 
Gold futures for April delivery are
trading higher by 0.2% to $654.30 an ounce.

Asian markets surged across
the board in Thursday’s session.  The Shanghai Composite
gained 31.42 (1%) to 2,928.01, Hong Kong’s Hang Seng index rose
256.53 (1.4%) to 19,175.17, and Tokyo’s Nikkei index closed higher
by 325.69 points (1.9%) to 17,090.31.



Click here to see our new list of indicators that includes

Gaps Down 5% or More,

2-Period RSI Below 2,

Stocks Up 10% or More.  Historically proven edges make
these a great place to start creating a watch list. 



Stocks in
Motion

Urban Outfitters
(
URBN |
Quote |
Chart |
News |
PowerRating) Q4 EPS Comes In
Flat, Matches Street View; To Elect Glen Senk To Newly Created Post Of CEO (full
story).  URBN shares rise by 2%.

Costco
(
COST |
Quote |
Chart |
News |
PowerRating) Q2 Profit Drops 16% On
Items; Adj. EPS Rises, Matches Street View; Feb. Comp. Up 4% (full
story).  COST shares drop 1%.

J. C. Penney
(
JCP |
Quote |
Chart |
News |
PowerRating) Feb. Sales Rise 0.9%,
Comps. Down 0.2%; Guides March Sales (full
story).  JCP shares are trading higher by 5%.

Nucor
(
NUE |
Quote |
Chart |
News |
PowerRating) Expects Q1 Profit On Strong
Demand For Its Products, Shares Rise (full
story).  NUE shares jump 6.25%.

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

Market Snapshot

Dow

 +108.95 12,301.40

NASDAQ

 +26.73 2,401.37

S&P 500

 +15.67 1,407.64

 

 NYSE NASDAQ

Volume

 1,226,183,000 757,283,000

Advances

 2517 2023

Declines

 607 815

Up Volume

 955 587

Down Volume

 143 100

New Highs

 67 57

New Lows

 13 43



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Amex Securities Broker/Dealer Index (XBD) Nasdaq Insurance Index (INSRX)
Dow Jones Equity REIT Index (DJR) Morgan Stanley Healthcare Payors Index (HMO)
Dow Jones Internet Commerce Index (ECM) Morgan Stanley Healthcare Products Index (RXP)


Economic
News

Initial Claims 328K vs 335K
consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com