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Markets Waiting For Tuesday's Fed Announcement

By John Patrick Lee | TradingMarkets.com
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Markets closed mixed; S&P and Nasdaq up fractionally while DOW barely dipped in red.

Stocks advance slightly on stellar Exxon earnings, but investors cap gains with nervous anticipation of tomorrow's Fed meeting on interest rates.

Gold futures closed at a new 25-year high as continuing tensions with Iran, more attacks in Nigeria and Hamas' political victory in Palestine fuel the demand for save-haven futures.

Crude oil futures closed up almost 1% as US continues to press Iran to cease nuclear research.

Exxon Mobil (XOM | Quote | Chart | News | PowerRating) closed up almost 3% after announcing a 27% increase in profits and nearly $100 billion in revenue for Q4. XOM's Power Rating.

Schering-Plough (SPG | Quote | Chart | News | PowerRating) closed down over 1% after posting revenue up 6%, earnings down a penny from expectations. SGP's Power Rating.

Rise And Fall Of Enron; Freedom Or Prison Verdict For The Fallen Heroes? (full story)

Stocks On The Move

J. B. Hunt Transport (JBHT | Quote | Chart | News | PowerRating) Power Rating Services Q4 Profit Triples, Revenues Up 11.4% (full story).

FMC Technologies (FTI | Quote | Chart | News | PowerRating) Power Rating Lifts Q4 Adj. EPS Outlook On Strong Quarter Performance (full story).

Sealed Air (SEE | Quote | Chart | News | PowerRating) Power Rating Q4 Profit More Than Doubles On Higher Segmental Sales; Declares $0.15 Cash Dividend (full story).

Eastman Kodak (EK | Quote | Chart | News | PowerRating) Power Rating Reduces GAAP Loss In Q4; CFO Robert Brust To Retire By Jan. 2007 (full story).

Sysco (SYY | Quote | Chart | News | PowerRating) Power Rating Q2 Net Earnings Fall Despite Sales Growth (full story).

Mattel (MAT | Quote | Chart | News | PowerRating) Power Rating Q4 Profit Down 2% On Lower Barbie Brand Sales, Lifts Buyback By $250 Mln (full story).

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

Dow

-6.57

10900.64

NASDAQ

+2.57

2306.80

S&P 500

+1.52

1285.24

NYSE

NASDAQ

Volume

2,208,863,000

1,897,516,000

Advances

1556

1394

Declines

1725

1648

Up Volume

1053

995

Down Volume

897

662

New Hi's

280

233

New Lo's

30

22

Strongest Sectors

Weakest Sectors

Airline (XAL | Quote | Chart | News | PowerRating) Morgan Stanley Health Provider (RXH | Quote | Chart | News | PowerRating)
Oil Service (OSX | Quote | Chart | News | PowerRating) Semiconductor (SOX | Quote | Chart | News | PowerRating)
Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating) Utility Sector (UTY | Quote | Chart | News | PowerRating)

Economic News

Personal Spending Outpaces Personal Income In December (full story).

President Bush To Nominate Ed Lazear Chair Of Economic Council

John Patrick Lee
johnl@tradingmarkets.com

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