TradingMarkets Mid-Day Movers

  • April 3, 2007
  • Darren Wong

The major indices are up of over 1% this morning as
tensions in Iran ease and a report shows that pending home sales
rose in February.

May Crude futures are giving
back its recent gains trading down 2.3% to $64.43 per barrel.  Gold futures
for June delivery are trading flat through the morning currently
at $671.70 an ounce.

Asian stocks finished Tuesday’s session with
gains across the board.  Tokyo’s Nikkei Index led the major
indices adding 1.3% to 17,244.05, Shanghai’s Composite gained 1.2%
to 3,291.30, and Hong Kong’s Hang Seng rose by 1% to 20,002.70.



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Gaps Down 5% or More,

2-Period RSI Below 2,

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Stocks in
Motion

Anheuser-Busch
(
BUD |
Quote |
Chart |
News |
PowerRating) To Build Brewery In China; Double
Budweiser’s Distribution In China Over Next Five Years (full
story).  BUD shares rise by 0.9%.


Halliburton
(
HAL |
Quote |
Chart |
News |
PowerRating) Says Offer For KBR
(
KBR |
Quote |
Chart |
News |
PowerRating) Oversubscribed (full
story).  HAL and KBR shares each add 1% in early trading.

Bunge
(
BG |
Quote |
Chart |
News |
PowerRating) Warns Of Near Break Even For Q1;
Reiterates FY07 EPS Outlook (full
story).  BG shares drop over 3%.

Taser
(
TASR |
Quote |
Chart |
News |
PowerRating) Guides Q1 Sales Below Analysts’
Forecast (full
story).  TASR shares fall by 1.5%.

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

Market Snapshot

Dow

 +122.31 12,504.61

NASDAQ

 +32.22 2,454.48

S&P 500

 +13.32 1,437.87

 

 NYSE NASDAQ

Volume

 1,244,993,000 864,805,000

Advances

 2364 2004

Declines

 721 868

Up Volume

 912 619

Down Volume

 206 138

New Highs

 244 135

New Lows

 16 42



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
GSTI Internet Index (GIN) Deutsche Bank Energy Index (DXE)
Amex Airline Index (XAL) Amex Natural Gas Index (XNG)
CBOE Internet Index (INX) Amex Oil Index (XOI)


Economic
News

Pending Home Sales +0.7% vs
-0.3% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com