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Investors Cautious Amid Iran Trouble and Cartoon Scandal

By John Patrick Lee | TradingMarkets.com
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Major indexes close flat for the day; investors timid amid Islamic/Western tensions.

Crude oil futures rise after the IAEA decided to refer Iran to the UN security council over the weekend.  An overall feeling of nervous pervades investor sentiment, as the European cartoon scandal continues to highlight tensions between the West and Islam.

Alcoa (AA | Quote | Chart | News | PowerRating) rose as much as 4% this morning being upgraded from neutral to overweight at JP Morgan. AA's Power Rating.

Stocks On The Move

Wendy's (WEN | Quote | Chart | News | PowerRating) Power Rating Reveals 3-Tiered, 3-Year Combo Plan To Drive Sales, Margin, Cut Cost (full story).

Time Warner (TWX | Quote | Chart | News | PowerRating) Power Rating To Sell Book Publishing Unit To Lagardere For $537.5 Mln (full story).

Talbots (TLB | Quote | Chart | News | PowerRating) Power Rating To Acquire J. Jill For $517 Mln, Says Accretive To FY07 Earnings (full story).

Hasbro (HAS | Quote | Chart | News | PowerRating) Power Rating Q4 Profit Rises 15% On Improved Operating Profit, Revenues Marginally Up (full story).

GM (GM | Quote | Chart | News | PowerRating) Power Rating Board Meets Today To Decide Dividend Cut & Sale Of Stake In GMAC (full story).

Simon Property (SPG | Quote | Chart | News | PowerRating) Power Rating Q4 FFO/share Grows, Beats Consensus On Top Line Growth (full story).

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

Dow

+4.25

10,797.87

NASDAQ

-3.73

2,258.85

S&P 500

+1.00

1,265.03

NYSE

NASDAQ

Volume

1,998,889,000

1,768,856,000

Advances

1869

1491

Declines

1418

1546

Up Volume

1072

838

Down Volume

723

775

New Hi's

121

140

New Lo's

30

30

 

Strongest Sectors

Weakest Sectors

Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating) Morgan Stanley Healthcare (HMO | Quote | Chart | News | PowerRating)
Oil Service (OSX | Quote | Chart | News | PowerRating) Airline (XAL | Quote | Chart | News | PowerRating)
Gold and Silver (XAU | Quote | Chart | News | PowerRating) GSTI Hardware (GHA | Quote | Chart | News | PowerRating)

Economic News

Budget Projects Inflation Rate Of 3.3% In 2006

Bush 2007 Budget Requests $71.4 Bln. For Drug Benefit; Seeks $36 Bln. In Medicare Savings Through 2011

John Patrick Lee
johnl@tradingmarkets.com

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