Will This Stock Be Added To The SP 500?
Stocks were higher Monday, with all the major
indices at two-month highs. The Nasdaq rose for a seventh straight
session while the Dow and S&P have been green five of the last six days.
The Wall Street Journal reports that Apple
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Intel
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INTC |
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Apple sells about 3 million McIntosh computers per year. Neither company has
commented yet.
Google
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be added to the S&P 500. If that happens, the stock will have to be purchased by
index funds. Institutional ownership of Google is less than that of Yahoo, EBay
and Amazon. Google’s chief exec Eric Schmidt will address institutional
investors at Goldman’s annual Internet conference this week. Google began
trading last August at $85; it usually takes 12 months to be added to the S&P
500.
AMD unveiled the Geode Processor–a new energy efficient chip
requiring less than 1 watt of power.
Geron Corp.
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GERN |
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anti-cancer compound.
OPEC said it sees no reason to trim output and is content to let oil
stay in the $40 – $45 range. The cartel next meets on June 15.
Forrester Research said that online sales in 2004 rose 24% to $141
billion and are expected to rise another 22% this year, with fragrances expected
to rise 33% and prescriptions, 32%.
Astrazeneca’s
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AZN |
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according to the American Heart Association.
Strong sectors were: Disk Drives
(
$DDXX.X |
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Gold
(
$XAU.X |
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$GIN.X |
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+1.49%
Weak sectors were: Airlines
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$XAL.X |
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-0.676% Semis
(
$SOX.X |
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Biotech
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$BTK.X |
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| Dow | +52.76 | 10,524.67 |
| Nasdaq | +10.18 | 2056.60 |
| S&P 500 | +4.65 | 1193.96 |
The dollar was -0.22 at
86.38
Crude Oil was +0.50 at
49.15
Gold was 417.10
1.6 billion on the Nasdaq.
Market breadth was positive.
| NYSE | Issues | |
| Advancing | 2129 | Up Vol 999 |
| Declining | 1147 | Down Vol 433 |
| 1.85 | 2.30 | |
| Nasdaq |
||
| Advancing | 1651 | Up Vol 978 |
| Declining | 1415 | Down Vol 509 |
| 1.16 | 1.92 |
Stocks in the News
McData
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MCDT |
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Paccar
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PCAR |
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Barron’s.
Campbell’s Soup
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CPB |
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Goldman Sachs raised the software sector to ‘attractive’ from ‘neutral.’
Brice Wightman