Airline sector rallies on US Airways $8 billion bid
for Delta Airlines. Crude oil futures closed higher up $0.48 to $58.76.
Stocks on the
Move
US Airways (LCC | news | PowerRating | PR Charts ) Offers To Buy Delta Air
Lines (DALRQ | news | PowerRating | PR Charts ) For $8 Bln Cash And Stock; Deal To Be Accretive To
Earnings In First Full Year (full
story). LCC shares and DALRQ shares jump 16% and 3%, respectively.
Goldman Sachs upgrades Altria (MO | news | PowerRating | PR Charts ) from
neutral to buy. MO shares rise by 1.4%.
Charming Shoppes (CHRS | news | PowerRating | PR Charts ) Q3 EPS Surges,
Tops Consensus; Reiterates Q4 Guidance, Lifts FY07 Outlook (full
story). CHRS shares fall by over 3%.
Logitech International (LOGI | news | PowerRating | PR Charts ) Has Climbed
To A New High For The Year (full
story). LOGI shares rise by 1%.
Illinois Tool Works (ITW | news | PowerRating | PR Charts ) 3 Months
Operating Revenue Up 10%; Backs Q4, FY06 Outlook (full
story). ITW shares finish higher by 0.5%.
Trimeris (TRMS | news | PowerRating | PR Charts ) To Focus On Roche
Collaboration On AIDS Drug Fuzeon; To Slash Workforce; CEO Steven Skolsky To
Resign (full
story). TRMS shares jump over 21%.
Abercrombie & Fitch (ANF | news | PowerRating | PR Charts ) Q3 Profit Rises
As Revenue Increases (full
story). ANF shares drop 6% in today's session.
For more stories as they happen, go to our Breaking
News section.
Market Snapshot
|
Dow |
+33.70 |
12,251.71 |
|
NASDAQ |
+12.09 |
2,442.75 |
|
S&P 500
|
+3.35 |
1,396.57 |
|
|
NYSE |
NASDAQ |
|
Volume |
2,824,681,000 |
2,085,213,000 |
|
Advances |
1974 |
1855 |
|
Declines |
1272 |
1205 |
|
Up Volume |
1775 |
1308 |
|
Down Volume |
862 |
680 |
|
New Hi's |
360 |
316 |
|
New Lo's |
15 |
49 |
Strongest/Weakest Sectors
|
Strongest
Sectors |
Weakest
Sectors |
|
PHLX Oil Services
Sector Index (OSX) |
PHLX Utilies Sector Index (UTY) |
| Amex Airline Index (DDX) |
S&P Banking Index (BIX) |
| Amex Natural Gas
Index (XNG) |
PHLX/KBW Bank Sector Index (BKX) |
Economic
News
Federal Reserve Members Concerned About The Outlook
For Inflation (full
story).
Crude inventories drop for 6th straight week down 3.6 million
barrels
NY Empire State Index moves to a 5 month high at 26.7
Darren Wong
darrenw@tradingmarkets.com
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