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Dow Closes Above Historic 14,000 Level
By Darren Wong | TradingMarkets.com | July 19, 2007
Stocks RSS

The major indices showed strength in Thursday's session with the Dow adding 0.6%, the S&P 500 up 0.5%, and the Nasdaq up 0.8%. Strong earnings helped boost the markets today, despite comments from the Fed that it would not be cutting rates anytime soon.

Crude oil futures for August delivery rose 1.1% to $75.84 a barrel after Total SA said it would curb exports from Angola because of mechanical failures.  Gold futures for August delivery rose 0.7% to $678.10 an ounce. To read today's futures market recap, click here.

Around Europe, Germany's DAX rose 1.2% to 7,991.21, France's CAC index added 1.2% to 6,065.50, and Britain's FTSE 100 gained 1.1% to 6,640.20.

TradingMarkets subscribers have access to 16 quantitative stock indicators and another 17 quantitative market bias indicators. These indicators are derived from our proprietary database that includes millions of trades, and designed to give you a short-term trading edge.

Each day, we provide free open access to one of these proprietary stock indicators. If you would like to access all 16 stock indicators, 17 market bias indicators, along with many other tools, click here for a free 7-day TradingMarkets trial.

Stocks in Motion
Fall In Mobile Devices Revenue, Unit Shipments Push Motorola (MOT | Quote | Chart | News | PowerRating) To Loss In Q2; Guides Q3 (full story). MOT shares added 1.2%.

TD Ameritrade (AMTD | Quote | Chart | News | PowerRating) Q3 Profit Rises On Client Assets; Tightens FY07 EPS View (full story). AMTD shares lost 2%.

Honeywell (HON | Quote | Chart | News | PowerRating) Q2 Profit Climbs 17% On Strong Demand For Aerospace Products; Boosts 2007 Forecast; Plans Addl. $3 Bln Share Buyback (full story). HON shares fell 0.7%.

EBay (EBAY | Quote | Chart | News | PowerRating) Q2 Profit Surges 50%, Sets Q3 Target, Lifts FY07 Adj. EPS Forecast (full story). EBAY shares lost 1.6%.

Nucor (NUE | Quote | Chart | News | PowerRating) Q2 Profit Drops Despite 10% Increase In Sales (full story). NUE shares fell 2%.

Bank Of America (BAC | Quote | Chart | News | PowerRating) Q2 Profit Up 5% On Capital Market Activity, Provision For Bad Credit Surge (full story). BAC shares lost 0.5%.

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

 


Market Snapshot

Dow

+82.19 14,000.41

NASDAQ

+20.55 2,720.04

S&P 500

+6.91 1,553.08

 

NYSE NASDAQ

Volume

3,100,739,000 2,155,345,000

Advances

1985 1836

Declines

1222 1167

Up Volume

1663 1502

Down Volume

1154 546

New Highs

203 166

New Lows

109 96


Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Computer Hardware Index (HWI) S&P Healthcare Index (HCX)
Amex Gold Bugs Index (HUI) PHLX/KBW Bank Sector Index (BKX)
CBOE Technology Index (TXX) Securities Broker/Dealer Index (XBD)

 

Economic News
Initial Claims 301K vs 311K consensus, prior revised to 309K from 308K

Leading Indicators -0.3% vs -0.1% consensus

Darren Wong
Associate Editor
darrenw@tradingmarkets.com

Learn how to enter markets at short-term lows and highs with a market maker's edge. Find out what specialists, hedge funds, large fund managers, and market makers are doing behind the scenes at key times.

Join TradingMarkets CEO Larry Connors for a free 45-minute market timing presentation on Thursday, July 19, 3:00 PM ET. Click here to signup.

 


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