Wednesday, October 10, 2007

Market Summary 10-10-07

Index Last Change % Chg
DJ Industrials 14081.62 -82.91 -0.59
Nasdaq 2808.94 5.03 0.18
S&P 500 1563.13 -2.02 -0.13
DJ Wilshire 5K 15798.69 -8 -0.05
Russell 2000 844.19 -1.53 -0.18
Nasdaq 100 2174.88 3.67 0.17




Issues NYSE Nasdaq Amex
Advancing 1,528 1,247 581
Declining 1,731 1,667 568
Unchanged 117 117 101
Total 3,376 3,031 1,250
New 52 Week High 217 150 126
New 52 Week Low 17 43 19




Futures Last Change
Crude Oil 81.51 0.21
Natural Gas 7.047 0.037
Gold, Dec. 748.5 2.5

From Briefing.com:
Moving the Market

Alcoa misses earnings estimates but increases buyback authorization

Costco reports fourth quarter earnings per share of $0.91 ($0.83 consensus)

Chevron warns about third quarter income

Boeing says delivery of Dreamliner to be delayed

UAW strikes at Chrysler plants
Strong: div. metals; oil services; oil refining; comp. storage & peripherals; oil drilling; hypermarkets & supercenters; coal & consumable fuel; construction & engineering; homebuilding; biotech

Weak: diversified commercial & professional services; metals & glass companies; aluminum; multi-line insurance; paper products; office electronics; forest products; multiline insurance; motorcycle mfg.; diversified REITs; regional banks

Google (GOOG 625.39, +10.20)
Research In Motion (RIMM 116.88, +1.36).
Costco
(COST 69.13, +5.82)

The relative strength of the Nasdaq helped spark an afternoon recovery effort that saw the broader market pare its losses considerably. Still, the Dow and S&P 500 couldn't complete the recovery as a weak financial sector (-1.0%) acted as an influential drag.

Strength in the energy (+1.1%), technology (+0.3%) and consumer staples (+0.3%) sectors helped limit losses in the broader market.

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