Markets squeeze by the week in green; interest rate hikes loom.
New housing sales fell over 10%, to the lowest levels since 2003.
Crude oil futures were trading higher, up about .75%
Google (GOOG | Quote | Chart | News | PowerRating) stock rose as much as 8% after being added to the S&P 500. GOOG's status as a member begins after March 31.
Lucent (LU | Quote | Chart | News | PowerRating) advanced in merger talks with Alcatel (ALA | Quote | Chart | News | PowerRating). LU jumped 9% and ALA jumped almost 2%.
GM (GM | Quote | Chart | News | PowerRating) Power Rating Announces Sale Of Majority Stake In Mortgage Unit (full story).
FDA Panel Recommends Against Approval Of Cephalon's (CEPH | Quote | Chart | News | PowerRating) Power Rating ADHD Drug SPARLON; Co. Cuts FY06 Sales Guidance (full story).
Palm (PALM | Quote | Chart | News | PowerRating) Power Rating Earnings Rise, Top Estimates; Guides Q4 Above Consensus (full story).
Solectron (SLR | Quote | Chart | News | PowerRating) Power Rating Swings To Profit In Q2 On Lower Costs; Non - GAAP EPS Matches Estimate; Sees Q3 EPS In $0.03 - $0.05 Range (full story).
For more stories as they happen, go to our Breaking News section.
|
Dow |
+9.60 |
11,279.89 |
|
NASDAQ |
+12.67 |
2,312.82 |
|
S&P 500 |
+1.27 |
1,302.94 |
|
NYSE |
NASDAQ | |
|
Volume |
2,284,646,000 |
1,888,412,000 |
|
Advances |
1928 |
1842 |
|
Declines |
1277 |
1154 |
|
Up Volume |
1542 |
1151 |
|
Down Volume |
517 |
589 |
|
New Hi's |
162 |
179 |
|
New Lo's |
24 |
25 |
Sectors
|
Strongest Sectors |
Weakest Sectors |
| Amex Gold Bugs (HUI | Quote | Chart | News | PowerRating) | S&P Retail (RLX | Quote | Chart | News | PowerRating) |
| Gold and Silver (XAU | Quote | Chart | News | PowerRating) | S&P Chemical (CEX | Quote | Chart | News | PowerRating) |
| Networking (NWX | Quote | Chart | News | PowerRating) | GSTI Services (GSV | Quote | Chart | News | PowerRating) |
New Home Sales Fall More Than Expected In February (full story).
Durable Goods Orders Rebound More Than Expected In February (full story).
John Patrick Lee
johnl@tradingmarkets.com
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