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Stocks Head Lower As Crude Rises

By Darren Wong | TradingMarkets.com
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Major indices close fractionally lower.  Crude oil futures move up by $1.26 to close at $59.14.

Stocks on the Move

Whole Foods Market (WFMI | Quote | Chart | News | PowerRating) Q3 Profit Rises On Higher Sales; Sees FY07 Sales Growth Of 13% - 17%; Raises Salary Cap (full story).  WFMI shares drop by nearly 23%.

Caterpillar (CAT | Quote | Chart | News | PowerRating) Sees Higher Revenues By 2010, Despite Pause In 2007 (full story).  CAT shares close fractionally lower.

Edison International (EIX | Quote | Chart | News | PowerRating) Q3 Profit Drops On Non-core Items, Loss From Discontinued Operations; Raises FY06 Total EPS Outlook, Guides FY07 (full story).  EIX shares fall by over 1%.

Delta Air Lines (DALRQ | Quote | Chart | News | PowerRating) October Load Factor Rises 4.7 Points (full story).  DALRQ shares rise by 4.5%.

Progress Energy (PGN | Quote | Chart | News | PowerRating) 3Q Profit Slip 29% On Lower Synthetic Fuel Production (full story).  PGN shares close fractionally lower.

Tax Benefit Lifts Gateway (GTW | Quote | Chart | News | PowerRating) Q3 Profit, Revenues Down 5.5% (full story).  GTW shares close flat for the day.

CA (CA | Quote | Chart | News | PowerRating) Q2 Earnings Rise; Top Estimates, Ex-items; Cuts FY07 GAAP EPS (full story).  CA shares fall by over 9%.

QUALCOMM (QCOM | Quote | Chart | News | PowerRating) Q4 Pro Forma EPS Tops Estimate; Revenues Up 28%; Guides Q1, FY07 (full story).  QCOM shares finish fractionally higher.

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

Market Snapshot

Dow

-32.50

11,986.04

NASDAQ

-3.23

2,330.79

S&P 500

-3.04 1,364.30

NYSE

NASDAQ

Volume

2,359,189,000

1,811,360,000

Advances

1505

1723

Declines

1742

1289

Up Volume

960

769

Down Volume

1209

902

New Hi's

119

78

New Lo's

27

47

Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

PHLX Oil Services Sector Index (OSX)

Dow Jones REIT Index (DJR)
Deutsche Bank Energy Index (DXE) Morgan Stanley Healthcare Payors Index (HMO)
Amex Natural Gas Index (XNG) CBOE Technology Index (TXX)

Economic News

October Jobs - Non-Farm Payrolls (Oct.) Increase By 92K; Oct. Unemployment Rate 4.4%

ISM Non-Manufacturing Index 57.1 (Oct.)

Darren Wong
darrenw@tradingmarkets.com

Use our most popular trading tool to find out how your stocks will move in the next 5 days.

 

 


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