U.S. Stocks Fight Off Early Selloff to Close Flat

  • April 19, 2007
  • Darren Wong

The major indices finished flat today amid mixed
earnings and economic data.  Top Dow gainers included
Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) and Honeywell
(
HON |
Quote |
Chart |
News |
PowerRating) with gains of
2.2% and 1.8% respectively.

May Crude futures dropped 2.1%
to $61.83 per barrel.  June crude futures closed lower to
$63.32 per barrel. 
June gold futures are also trading lower currently off 0.9% to $687.10
per ounce.

Around Europe, Germany’s DAX led to
the downside dropping 0.5% to close at 7,242.73.  France’s
CAC 40 Index lost 0.12% to 5,829.04 and Britain’s FTSE 100 fell
0.14% to 6,440.60.



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Stocks in
Motion

Strong Sales Of Allergic Drug Lifts Merck
(
MRK |
Quote |
Chart |
News |
PowerRating) Q1
Profit By 12%, Sets Q2 Target, Reaffirms FY07 EPS Views (full
story).  MRK shares added 1%.

Continental
Airlines
(
CAL |
Quote |
Chart |
News |
PowerRating) Posts Q1 Profit On Higher Passenger Revenues (full
story).  CAL shares fell nearly 6%.

GM
(
GM |
Quote |
Chart |
News |
PowerRating) Q1 Global Sales Rise 3%, But Market Share
Slip (full
story).  GM shares lost 1%.

Harley-Davidson
(
HOG |
Quote |
Chart |
News |
PowerRating) Q1 Profit, Revenues Fall Hurt
By Strike, Sees Growth In EPS For 2007 (full
story).  HOG shares gained 3.3%.

Marriott International
(
MAR |
Quote |
Chart |
News |
PowerRating) Q1 Profit Rises;
Guides Q2, Raises FY07 EPS Outlook, Lowers FY07 North American Revpar Growth
Outlook (full
story).  MAR shares dropped 7.5%.

EBay
(
EBAY |
Quote |
Chart |
News |
PowerRating) Q1 Earnings Rise, Top Estimates;
Boosts FY07 Outlook (full
story).  EBAY shares fell 3.9%.

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

Market Snapshot

Dow

 +4.79 12,808.63

NASDAQ

 -5.15 2,505.35

S&P 500

 -1.77 1,470.73

 

 NYSE NASDAQ

Volume

 2,862,155,000 2,087,526,000

Advances

 1123 1057

Declines

 2092 1956

Up Volume

 1060 817

Down Volume

 1629 1091

New Highs

 175 108

New Lows

 24 60



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Morgan Stanley Healthcare Products Index (RXP) GSTI Internet Index (GIN)
S&P Healthcare Index (HCX) Dow Jones Internet Commerce Index (ECM)
GSTI Semiconductor Index (GSM) Amex Airline Index (XAL)


Economic
News

Leading Indicators
+0.1% vs +0.1% consensus

Initial Claims 339K vs 320K
consensus; prior week revised to 343K from 342K

Darren Wong

Associate Editor

darrenw@tradingmarkets.com