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Blue Chip Earnings Lead To Gains

By John Patrick Lee | TradingMarkets.com
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Major indexes close in the green for the day; sentiments helped by positive earnings from major corporations.

Unexpected positive quarterly results from Caterpillar, AT&T, Verizon and Honeywell help to boost investor confidence, lifting the Dow to close up 100, almost 1& higher.

General Motors (GM | Quote | Chart | News | PowerRating) closed down -3% after announcing a quarterly loss of nearly $5 billion.  GM's Power Rating.

Stocks On The Move

Marathon Oil (MRO | Quote | Chart | News | PowerRating) Power Rating Q4 Profit Nearly Triples (full story).

Bumpy Road Rocks General Motors' (GM | Quote | Chart | News | PowerRating) Power Rating Q4 (full story).

Microsoft (MSFT | Quote | Chart | News | PowerRating) Power Rating At The Sweetspot Of New Product (full story).

Caterpillar (CAT | Quote | Chart | News | PowerRating) Power Rating Q4 EPS Soars 56% On Higher Revenue And Price Realization, Boosts FY06 EPS Forecasts (full story).

Amgen (AMGN | Quote | Chart | News | PowerRating) Power Rating Q4 Earnings Rise 20% On Top Line Growth Of 12.4%, Adj. EPS Misses Estimates (full story).

Honeywell (HON | Quote | Chart | News | PowerRating) Power Rating Q4 Profit More Than Doubles, Guides FY06 EPS In Line With Consensus (full story).

For more stories as they happen, go to our Breaking News section.

Dow

+99.17

10808.91

NASDAQ

+22.35

2283.00

S&P 500

+9.23

1273.91

NYSE

NASDAQ

Volume

2,789,625,000

2,391,269,000

Advances

2106

2042

Declines

1175

981

Up Volume

1739

1443

Down Volume

788

760

New Hi's

290

238

New Lo's

36

29

 

Strongest Sectors

Weakest Sectors

Nasdaq Combined Finance (OFINX | Quote | Chart | News | PowerRating) Networking Index (NWX | Quote | Chart | News | PowerRating)
Semiconductor (SOX | Quote | Chart | News | PowerRating) Utility Sector (UTY | Quote | Chart | News | PowerRating)
GSTI Semiconductor (GSM | Quote | Chart | News | PowerRating) Computer Hardware (HWI | Quote | Chart | News | PowerRating)

Economic News

Durable Goods Orders Continue To Increase In December (full story).

Jobless Claims Rise Much Less Than Expected (full story).

John Patrick Lee
johnl@tradingmarkets.com

Get your stock's PowerRatings here.


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