Nasdaq leads major indices closing up 1.5%.
Crude oil futures close higher by 1.5% to $60.02.
Friday's
market action created 10 day intraday lows on both the S&P 500 index and Nasdaq
Composite index
(explanations below). These are bullish signals and are part of our
contrarian indicator list. It will be interesting to see if we get more bullish signals
this week (click
here for more info).
Stocks on the
Move
XM Satellite (XMSR | news | PowerRating | PR Charts ) Q3 Loss Narrows,
Revenue Up 57% (full
story). XMSR shares rise by over 15%.
Boston Scientific (BSX | news | PowerRating | PR Charts ) Targets
Double-digit Growth Of Both Sales And Earnings For 2007 (full
story). BSX shares move up by nearly 3%.
Kinross Gold (KGC | news | PowerRating | PR Charts ) To Buy Bema Gold
[BGO:BGO] For $3.1 Bln (full
story). KGC shares fall by 9%, while BGO shares rise by 10%.
TXU (TXU | news | PowerRating | PR Charts ) Trims 2007 Operating EPS Outlook
On Lower Electricity Prices, Higher Fuel Costs; To Buyback 20Mln Shares; Boosts
Dividend By 5% (full
story). TXU shares close lower off by nearly 8%.
El Paso (EP | news | PowerRating | PR Charts ) Q3 Profit Increases On Growth
In Pipeline Revenues (full
story). EP shares fall by over 1%
Four Seasons (FS | news | PowerRating | PR Charts ) Receives US$3.7 Bln Buyout
Offer From CEO-led Investor Group (full
story). FS shares jump nearly 30%.
OSI Restaurant Partners (OSI | news | PowerRating | PR Charts ) To Be
Acquired By Investor Group For $40 Per Share In Cash (full
story). OSI shares soar by over 23%.
Abbott (ABT | news | PowerRating | PR Charts ) To Buy Kos Pharma (KOSP | news | PowerRating | PR Charts )
For $3.7 Bln Cash (full
story). ABT shares trade fractionally lower, while KOSP shares soar by
over 53%.
For more stories as they happen, go to our Breaking
News section.
Market Snapshot
|
Dow |
+119.51 |
12,105.55 |
|
NASDAQ |
+35.16 |
2,365.95 |
|
S&P 500
|
+15.48 |
1,379.78 |
|
|
NYSE |
NASDAQ |
|
Volume |
2,440,277,000 |
1,866,061,000 |
|
Advances |
2483 |
2147 |
|
Declines |
797 |
924 |
|
Up Volume |
1893 |
1458 |
|
Down Volume |
343 |
283 |
|
New Hi's |
194 |
151 |
|
New Lo's |
18 |
48 |
Strongest/Weakest Sectors
|
Strongest
Sectors |
Weakest
Sectors |
|
Nasdaq Other Finance Index (OFIN) |
PHLX Gold and Silver Sector Index (XAU) |
| Nasdaq Transportation Index (TRANX) |
PHLX Utilities Index (UTY) |
| Morgan Stanley Healthcare Payors
Index (HMO) |
Amex Gold Bugs Index (HUI) |
Economic
News
No economic reports released today.
Darren Wong
darrenw@tradingmarkets.com
Use our
most
popular trading tool to find out how your stocks will move in the next 5
days.
10
Day Low Alert-This alert occurs when the market has made a 10 day low
intra-day. It occurs after much selling has occurred and the market is many
times oversold. When the market is above its 200 day ma, its been an opportune
time to be entering long positions. When its below its 200 day, it's a good
place to begin locking in profits on the short side.
