Markets move higher on US Airways bid for Delta
Airlines. Crude oil
futures trade higher by 1.6%. to $59.22.
Stocks on the
Move
US Airways (LCC | news | PowerRating | PR Charts ) Offers To Buy Delta Air
Lines (DALRQ | news | PowerRating | PR Charts ) For $8 Bln Cash And Stock; Deal To Be Accretive To
Earnings In First Full Year (full
story). LCC shares and DALRQ shares jump 12% and 14%, respectively.
Goldman Sachs upgrades Altria (MO | news | PowerRating | PR Charts ) from
neutral to buy. MO shares rise by 1.6%.
Tyco (TYC | news | PowerRating | PR Charts ) Q4 Profit Climbs 38%; Announces
Restructuring Program; Guides Q1; Plans To Restate Historical Results (full
story). TYC shares are trading flat through the morning.
Abercrombie & Fitch (ANF | news | PowerRating | PR Charts ) Q3 Profit Rises
As Revenue Increases (full
story). ANF shares drop 3.7% in early trading.
Analog Devices (ADI | news | PowerRating | PR Charts ) Q4 Profit Doubles;
Misses Estimate, Ex-items; Guides Q1 EPS In Line (full
story). ADI shares rise by 1.25%.
Talbots (TLB | news | PowerRating | PR Charts ) Q3 Profit Falls On Costs,
Options And Interest Expense; Revenue Up 33% (full
story). TLB shares fall by over 1%.
For more stories as they happen, go to our Breaking
News section.
Market Snapshot
|
Dow |
+15.61 |
12,233.62 |
|
NASDAQ |
+9.09 |
2,439.89 |
|
S&P 500
|
+2.96 |
1,396.18 |
|
|
NYSE |
NASDAQ |
|
Volume |
1,143,749,000 |
857,270,000 |
|
Advances |
1915 |
1710 |
|
Declines |
1132 |
1137 |
|
Up Volume |
691 |
445 |
|
Down Volume |
311 |
318 |
|
New Hi's |
270 |
228 |
|
New Lo's |
10 |
35 |
Strongest/Weakest Sectors
|
Strongest
Sectors |
Weakest
Sectors |
|
PHLX Oil Services
Sector Index (OSX) |
PHLX Utilies Sector Index (UTY) |
| Amex Airline Index (DDX) |
North American Telecommunications Index (XTC) |
| Amex Natural Gas
Index (XNG) |
Amex Networking Index (NWX) |
Economic
News
Crude inventories drop for 6th straight week down 3.6 million
barrels
NY Empire State Index moves to a 5 month high at 26.7
Darren Wong
darrenw@tradingmarkets.com
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