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Fed keeps rates at 5.25%

By Darren Wong | TradingMarkets.com
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Major indices close higher led by the Nasdaq up 0.5%.  Crude oil futures close higher by $2.05 to $61.40.

Stocks on the Move

ConocoPhillips Q3 Net Income Rises Despite Lower Revenues (full story).  COP shares rise by 2.3%.

Altria Q3 Profit Declines, EPS Falls Short Of Consensus; Raises FY06 EPS Forecast (full story).  MO shares close higher by nearly 3%.

Colgate-Palmolive Q3 Profit Slips, Excl. Charges EPS Tops Consensus; Forecasts Double Digit EPS Growth In 2006 & 2007 (full story).  CL shares rise by 2.8%.

GM Delivers Better Than Expected Q3 Results, Tightens Estimate For Exposure To Delphi Bankruptcy Filing (full story).  GM shares fall by over 4%.

Boeing's Q3 Earnings Dented By Charges Despite Solid Showing Of Commercial Airplane Business (full story).  BA shares fall by 3.4%.

Harrah's Entertainment Q3 EPS Rises On Top Line Growth, Adj. EPS Declines (full story).  HET shares move up by 1%.

Anheuser-Busch Q3 Profit Rises; Declares Dividend (full story).  BUD shares rise by nearly 2%.

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

Market Snapshot

Dow

+6.80

12,134.68

NASDAQ

+11.75

2,356.59

S&P 500

+4.84 1,382.22

NYSE

NASDAQ

Volume

2,874,873,000

2,073,111,000

Advances

2178

1673

Declines

1099

1367

Up Volume

1735

1237

Down Volume

879

718

New Hi's

329

138

New Lo's

16

39

Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

PHLX Oil Services Sector (OSX)

Morgan Stanley Healthcare Payors Index (HMO)
Amex Gold Bugs Index (HUI) Morgan Stanley Healthcare Provider Index (RXH)
Amex Disk Drive Index (DDX) Amex Airline Index (XAL)

Economic News

Fed Funds Rate Is Unchaged At 5.25%

Crude Inventories Down 3.3 Mln. Barrels, Gasoline Inventories Down 2.8 Mln. Barrels, Distillate Stocks Down 1.4 Mln. Barrels

Sept. Existing Home Sales Down 1.9% To 6.18 Mln. Units; Existing Home Prices Down 2.2% From Year Ago $220K; Housing Inventories Down 2.4% To 7.3 Month Supply

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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