Major indexes trading in the green during the morning session.
Strong earnings from Microsoft and Proctor&Gamble, combined with better-than-expected housing data, boost investor confidence.
Earnings seem to be driving today's move, as investors ignore the disappointing GDP figures announced this morning.
Crude oil futures were trading up over 2% after the US prepared to increase pressure on Iran's nuclear programs.
ITT Industries (ITT | Quote | Chart | News | PowerRating) Power Rating Q4 Slumps To Loss On Impairment Charge; Top-line Up 6% (full story).
Black & Decker (BDK | Quote | Chart | News | PowerRating) Power Rating Q4 EPS Excl. Items, Tops Estimates; Projects EPS Of $7.20-$7.40 For 2006 (full story).
Southern Union (SUG | Quote | Chart | News | PowerRating) Power Rating To Divest PG Energy To UGI For $580 Mln (full story).
Peoples Energy (PGL | Quote | Chart | News | PowerRating) Power Rating Q4 Slumps To Loss On Settlement Charge; Confirms FY06 EPS Guidance (full story).
Nucor (NUE | Quote | Chart | News | PowerRating) Power Rating Q4 Profit Flat With Last Year; Provides Q1 Forecast (full story).
Gillette Sharpens Procter & Gamble's (PG | Quote | Chart | News | PowerRating) Power Rating Q2 (full story).
For more stories as they happen, go to our Breaking News section.
|
Dow |
+90.77 |
10900.24 |
|
NASDAQ |
+22.21 |
2305.21 |
|
S&P 500 |
+9.66 |
1283.49 |
|
NYSE |
NASDAQ | |
|
Volume |
1,121,754,000 |
1,121,757,000 |
|
Advances |
2185 |
1804 |
|
Declines |
919 |
1049 |
|
Up Volume |
734 |
772 |
|
Down Volume |
265 |
265 |
|
New Hi's |
390 |
265 |
|
New Lo's |
26 |
18 |
|
Strongest Sectors |
Weakest Sectors |
| Semiconductor (SOX | Quote | Chart | News | PowerRating) | Airline (XAL | Quote | Chart | News | PowerRating) |
| GSTI Multimedia Networking (GIP | Quote | Chart | News | PowerRating) | Disk Drive (DDX | Quote | Chart | News | PowerRating) |
| Morgan Stanley Healthcare (HMO | Quote | Chart | News | PowerRating) | GSTI Internet (GIN | Quote | Chart | News | PowerRating) |
Q4 GDP Growth Comes In Well Below Expectations (full story).
New Home Sales Rise More Than Expected In December (full story).
John Patrick Lee
johnl@tradingmarkets.com