Stocks slide despite crude inventory increase

By | TradingMarkets.com | February 23, 2006 12:00 AM
Symbols: CMS, SWY, MGM








Despite a rise in crude
inventories, investor sentiment was bearish as all major markets ended the day
in red.


The Energy Department recorded a rise in crude
inventories for the second week in a row.


Crude oil futures dropped below the $60 mark as Energy
Dept. announces an increase in inventories.


href="http://www.tradingmarkets.com/.site/news/Stock%20Alert/">Stocks On The
Move


CMS Energy ( CMS | Quote | Chart | News | PowerRating)
Power Rating
Posts Q4 Reported Loss Due To Huge Impairment Charges (full
story).


Safeway ( SWY | Quote | Chart | News | PowerRating)
Power Rating
Q4 Profit Falls 14% On Store Closing, Employee Buyout Charges (full
story).


MGM Mirage ( MGM | Quote | Chart | News | PowerRating)
Power Rating
Q4 EPS Up 25% As Top-line Growth Carries Through To Profit Line (full
story).


Host Marriott ( HMT | Quote | Chart | News | PowerRating)
Power Rating
Q4 FFO Up 26% On Higher Revenues; Sees Q1 FFO Below Consensus (full
story).


CBS ( CBS | Quote | Chart | News | PowerRating)
Power Rating
Q4 Loss Narrows; See Mid Single-digit Growth In FY06 EPS (full
story).


Schering ( SHR | Quote | Chart | News | PowerRating)
Power Rating
To Divest Radiopharmaceutical Business; Sees One-time Impact Of About 50 Mln
Euros In FY06 (full
story).


Toll Brothers ( TOL | Quote | Chart | News | PowerRating)
Power Rating
Q1 Profit Climbs 49% On Home Sales, But Contracts Drop; Cuts FY06 Profit
Forecast (full
story).


For more stories as they happen, go to our href="http://www.tradingmarkets.com/.site/news/Breaking%20News/">Breaking
News section.


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Dow

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align=middle width="41%" height=14>

-67.87

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11,069.30

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width="26%" height=16>

NASDAQ

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align=middle width="41%" height=16>

-3.85

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="48%" height=16>

2,279.32

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width="26%" height=16>

S&P 500

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align=middle width="41%" height=16>

-4.89

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="48%" height=16>

1,287.78

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width="26%" height=16>

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align=middle width="41%" height=16>

size=2>NYSE

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size=2>NASDAQ

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width="26%" height=14>

Volume

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="41%" height=14>

2,061,084,000

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="48%" height=14>

1,746,209,000

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width="26%" height=16>

Advances

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="41%" height=16>

1436

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="48%" height=16>

1332

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width="26%" height=16>

Declines

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="41%" height=16>

1837

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="48%" height=16>

1683

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width="26%" height=16>

Up Volume

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="41%" height=16>

687

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="48%" height=16>

756

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width="26%" height=16>

Down Volume

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="41%" height=16>

1134

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="48%" height=16>

818

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width="26%" height=16>

New Hi's

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="41%" height=16>

234

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="48%" height=16>

150

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width="26%" height=16>

New Lo's

 style="FONT-SIZE: 79%; LINE-HEIGHT: 1.25em; FONT-FAMILY: arial,helvetica,sans-serif"
align=middle width="41%" height=16>

20

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align=middle width="48%" height=16>

18


 


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Strongest
Sectors

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Nasdaq Combined Finance ( OFINX | Quote | Chart | News | PowerRating) GSTI Hardware ( GHA | Quote | Chart | News | PowerRating)
Helvetica>

href="http://www.tradingmarkets.com/.site/news/Economic%20News/">Economic
News





Jobless Claims Unexpectedly Fell Last
Week (full
story).


Crude Oil Inventories Rise (full
story).


Helvetica>

John Patrick Lee

johnl@tradingmarkets.com


face=Arial color=#000000 size=2>

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Original publication: February 23, 2006
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