Markets trade flat through the morning session.
Crude oil futures trade lower by 3% to $58.80.
Friday's
market action gave a bullish put/call signal on the S&P 500 Index
(explanations below). It will be interesting
to see if we get more bearish signals today and through the week (click
here for more info).
Stocks on the
Move
Verizon (VZ | news | PowerRating | PR Charts ) Q3 Profit Rises On Strong
Wireless Revenue Growth (full
story). VZ shares drop by 4%.
Humana (HUM | news | PowerRating | PR Charts ) Q3 Profit More Than Triples On
48% Revenue Growth; Adj. EPS Misses Consensus; Guides Q4, FY07, Backs FY06 View
(full
story). HUM shares drop by 6%.
Clear Channel (CCU | news | PowerRating | PR Charts ) Q3 Profit Down 9.5%;
Revenue Up 7% (full
story). CCU shares trade fractionally higher.
Bear Stearns & Co. Raises Biogen Idec Inc. (BIIB | news | PowerRating | PR Charts )
To Peer Perform From Underperform. BIIB shares trade fractionally higher.
Bear Stearns & Co. Raises Carpenter Technology
(CRS | news | PowerRating | PR Charts )To Outperform From Peer Perform With $135 Price Target. CRS
shares trade higher by nearly 3%.
For more stories as they happen, go to our Breaking
News section.
Market Snapshot
|
Dow |
-3.84 |
12,086.42 |
|
NASDAQ |
+7.28 |
2,357.90 |
|
S&P 500
|
+0.25 |
1,377.59 |
|
|
NYSE |
NASDAQ |
|
Volume |
975,884,000 |
799,074,000 |
|
Advances |
1559 |
1415 |
|
Declines |
1563 |
1453 |
|
Up Volume |
395 |
500 |
|
Down Volume |
479 |
232 |
|
New Hi's |
101 |
67 |
|
New Lo's |
13 |
27 |
Strongest/Weakest Sectors
|
Strongest
Sectors |
Weakest
Sectors |
|
Amex Gold Bugs Index (HUI) |
Morgan Stanley Healthcare
Providers Index (RXH) |
| Amex Disk Drive Index (DDX) |
Morgan Stanley Healthcare Payors Index (HMO) |
| PHLX Gold and Silver Sector (XAU) |
Amex Natural Gas Index (XNG) |
Economic
News
Personal Income & Spending - Personal Income
Rises 0.5%; Spending Rises 0.1% (Sept.)
Darren Wong
darrenw@tradingmarkets.com
Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
Put/Call Ratio Alert-Put/Call ratio readings below .50 are short-term
bearish for the market, especially when its below its 200 day ma. Put/Call ratio
readings above .90 are usually bullish, especially when the market is trading
above its 200 day ma.
