U.S. Stocks Finish in the Green Despite Shanghai Selloff

  • June 4, 2007
  • Darren Wong

The major U.S. indices made a late-day comeback
after stumbling in the morning on Shanghai’s 8% selloff. The
Nasdaq and S&P indices added 0.2%, while the Dow made a fractional
gain.

July crude futures rose by 1.7% to $66.21 per barrel
after reports that supplies in Nigeria may be further disrupted. Gold
futures for August delivery fell fractionally to $676.30 an ounce.

Around Europe, France’s CAC 40 Index
lost 0.7% to close at 6,125.81, Germany’s DAX lost 0.1% to
7,976.79, and Britain’s FTSE 100 fell 0.2% to 6,664.10.

Today’s

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Stocks in
Motion

Accredited
(
LEND |
Quote |
Chart |
News |
PowerRating) Agrees To Be Acquired By Private
Equity Firm Lone Star For $400 Mln Cash (full
story). LEND shares gained 9%.

Krispy Kreme
(
KKD |
Quote |
Chart |
News |
PowerRating) Q1 Loss Widens On Costs;
Revenues Decline 7% (full
story). KKD shares fell by 6.7%.

Atlas Pipeline
(
APL |
Quote |
Chart |
News |
PowerRating) To Buy Anadarko’s
(
APC |
Quote |
Chart |
News |
PowerRating)
Interests In Oklahoma And Texas Gas Gathering And Processing Systems For $1.85
Bln (full
story). APL shares rose 6.4%, while APC shares added 4.7%.

Flextronics
(
FLEX |
Quote |
Chart |
News |
PowerRating) To Buy Solectron
(
SLR |
Quote |
Chart |
News |
PowerRating)
In $3.6 Bln Cash And Stock Deal (full
story). FLEX shares lost 1.5%, while SLR shares jumped 15%.

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

Market Snapshot

Dow

 +8.21 13,676.32

NASDAQ

 +4.37 2,618.29

S&P 500

 +2.84 1,539.18

 

 NYSE NASDAQ

Volume

 2,265,967,000 1,848,411,000

Advances

 1838 1548

Declines

 1394 1495

Up Volume

 1146 966

Down Volume

 845 754

New Highs

 326 195

New Lows

 27 38


   



Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors
Deutsche Bank Energy Index (DXE) Nasdaq Transportation Index (TRANX)
Amex Oil Index (XOI) Nasdaq Other Finance Index (OFINX)
CBOE Oil Index (OIX) Amex Securities Broker/Dealer Index (XBD)


Economic
News

Factory Orders
+0.3% vs +0.6% consensus

Darren Wong

Associate Editor

darrenw@tradingmarkets.com