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Markets Welcome Democrats Victory, Rumsfeld Resignation

By Darren Wong | TradingMarkets.com
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Market participants welcome new political landscape. Crude oil futures close higher by 1.7% to $59.94.

Stocks on the Move

UnitedHealth (UNH | Quote | Chart | News | PowerRating) Sees Significantly Greater Charges From Option Probe (full story).  UNH shares fall by over 3%.

PG&E (PCG | Quote | Chart | News | PowerRating) Q3 Profit Up On Higher Revenues, Recovery Of Costs; Boosts FY06 Outlook (full story).  PCG shares close higher by 1%.

Human Genome Sciences (HGSI | Quote | Chart | News | PowerRating) Q3 Loss Widens, Adj. Loss Narrows As Revenues Rise, Provides Positive Phase 1b HGS-ETR1 Results (full story).  HGSI shares drop over 8%.

Career Education (CECO | Quote | Chart | News | PowerRating) Q3 Profit Down On Lower Revenues, Higher Costs; Stock Up In After Hours As Top Line Beats View (full story).  CECO shares soar by over 11%

A.G. Edwards Upgrades Dean Foods (DF | Quote | Chart | News | PowerRating) To Buy From Hold With $46 Price Target.  DF shares rises nearly 5%.

Higher Revenues, Subscriber Growth Narrows Sirius Satellite Radio (SIRI | Quote | Chart | News | PowerRating) Q3 Loss; Reiterates FY06 Forecast (full story).  SIRI shares finish higher by nearly 1%..

Federated Department Stores (FD | Quote | Chart | News | PowerRating) Swings To A Loss In Q3, Revenue Up 6% (full story).  FD shares fall by 1%.

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

Market Snapshot

Dow

+19.77

12,176.54

NASDAQ

+9.06

2,384.94

S&P 500

+2.88 1,385.72

NYSE

NASDAQ

Volume

2,851,280,000

8,038,065,000

Advances

1966

1738

Declines

1265

1276

Up Volume

1367

1286

Down Volume

1214

623

New Hi's

244

140

New Lo's

20

43

Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Deutsche Bank Energy (DXE)

Morgan Stanley Health Care Payors (HMO)
PHLX Oil Services Sector Index (OSX) Amex Pharmaceutical Index (DRG)
Amex Oil Index (XOI) Amex Airline Index (XAL)

Economic News

Venezuela's Chavez - Doesn't Want Oil Prices Below $50/Barrel

Crude Inventories Up 0.4 Mln. Barrels

Gas Inventories Down 0.6 Mln. Barrels

Distillate Stocks Down 2.7 Mln. Barrels

Darren Wong
darrenw@tradingmarkets.com

Use our most popular trading tool to find out how your stocks will move in the next 5 days.


 

 


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