Markets move higher on US Airways bid for Delta Airlines. Crude oil futures trade higher by 1.6%. to $59.22.
US Airways (LCC | Quote | Chart | News | PowerRating) Offers To Buy Delta Air Lines (DALRQ | Quote | Chart | News | PowerRating) For $8 Bln Cash And Stock; Deal To Be Accretive To Earnings In First Full Year (full story). LCC shares and DALRQ shares jump 12% and 14%, respectively.
Goldman Sachs upgrades Altria (MO | Quote | Chart | News | PowerRating) from neutral to buy. MO shares rise by 1.6%.
Tyco (TYC | Quote | Chart | News | PowerRating) Q4 Profit Climbs 38%; Announces Restructuring Program; Guides Q1; Plans To Restate Historical Results (full story). TYC shares are trading flat through the morning.
Abercrombie & Fitch (ANF | Quote | Chart | News | PowerRating) Q3 Profit Rises As Revenue Increases (full story). ANF shares drop 3.7% in early trading.
Analog Devices (ADI | Quote | Chart | News | PowerRating) Q4 Profit Doubles; Misses Estimate, Ex-items; Guides Q1 EPS In Line (full story). ADI shares rise by 1.25%.
Talbots (TLB | Quote | Chart | News | PowerRating) Q3 Profit Falls On Costs, Options And Interest Expense; Revenue Up 33% (full story). TLB shares fall by over 1%.
For more stories as they happen, go to our Breaking News section.
|
Dow |
+15.61 |
12,233.62 |
|
NASDAQ |
+9.09 |
2,439.89 |
|
S&P 500 |
+2.96 | 1,396.18 |
|
NYSE |
NASDAQ | |
|
Volume |
1,143,749,000 |
857,270,000 |
|
Advances |
1915 |
1710 |
|
Declines |
1132 |
1137 |
|
Up Volume |
691 |
445 |
|
Down Volume |
311 |
318 |
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New Hi's |
270 |
228 |
|
New Lo's |
10 |
35 |
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Strongest Sectors |
Weakest Sectors |
|
PHLX Oil Services Sector Index (OSX) |
PHLX Utilies Sector Index (UTY) |
| Amex Airline Index (DDX) | North American Telecommunications Index (XTC) |
| Amex Natural Gas Index (XNG) | Amex Networking Index (NWX) |
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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