The pre-holiday trading session was boosted by factory order data
and new M&A activity. Kraft Foods offered $7.2 billion to buy a
division of French food company Group Danone. The Nasdaq leads
with a gain of 0.35%.
Crude oil futures for August delivery fell 0.3% to $70.85 per barrel. Gold
futures for August delivery fell fractionally to $657.30 an ounce.
Around Asia, Shanghai's Composite index added 1.7% to 3,899.72,
Hong Kong's Hang Seng rose 1.75% to 22,151.14, and Tokyo's Nikkei
closed flat at 18,149.90.
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Stocks in
Motion |
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Southwest Airlines June Load Factor Rises To 82.1%; Q2 Load Factor
Drops 1.9 Pts (full
story). LUV shares rise 1%.
Kraft Foods Offers To Buy Groupe Danone's Biscuit And Cereal Products
Business For $7.2 Bln Cash (full story). KFT shares fell 2.4%, while DA shares
lost 0.25%.
Norfolk Southern CFO Henry Wolf Retires; James Squires Named Successor (full
story). NSC shares rose 1.4%.
SAP Responds To Oracle Lawsuit; Admits Occurrence Of Inappropriate Downloads
At TomorrowNow (full
story). SAP shares dropped 2%, while ORCL shares gained 0.4%.
Walgreen June Comps. Rise 5.1%, Total Sales Up 9.5% (full
story). WAG shares were unchanged.
For more stories as they happen, go to our
Breaking News section. |
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Market Snapshot |
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Volume |
1,014,374,000 |
708,485,000 |
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Strongest/Weakest Sectors |
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Strongest Sectors |
Weakest Sectors |
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Nasdaq Other Finance Index (OFINX) |
S&P Chemicals Index (CEX) |
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Networking Index (NWX) |
Amex Gold Bugs Index (HUI) |
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Securities Broker/Dealer Index (XBD) |
S&P Retail Index (RLX) |
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Economic
News |
| Factory Orders -0.5% vs -1.2%
consensus Pending Home Sales -3.5% vs +0.3% consensus, previous revised to
-3.4% from -3.2% |
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com
