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Dow Hits Record Closing High

By Darren Wong | TradingMarkets.com
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Intel and Home Depot lead blue chip rally. Crude oil futures close higher by 1.7% to $59.55.

Monday's market action created a 10-day intraday high as on the the Nasdaq (explanations below), which is a bearish signals. It will be interesting to see if we get more bearish signals next week and if any trigger on the SPX, which is nearing its 52-week high level (click here for more info).

Stocks on the Move

D.R. Horton (DHI | Quote | Chart | News | PowerRating) Q4 Profit Plummets On Charges, Lower Revenues (full story).  DHI shares jump over 9%.

Target (TGT | Quote | Chart | News | PowerRating) Q3 Profit Rises 16.2% On Retail, Credit Card Operations (full story).  TGT shares rise 2.25%.

Fossil (FOSL | Quote | Chart | News | PowerRating) Reports Q3 Preliminary Results, Said Worldwide Net Sales Rose 16.4% In Q3; Sees Net Sales Growth In Low Double-digit Range For Q4 (full story).  FOSL shares rise nearly 2%.

Agilent (A | Quote | Chart | News | PowerRating) Q4 Profit Surges; Adj. EPS Misses Estimate; Revenues Up 6%; Guides Q1 (full story).  A shares drop 5.7%.

Ford (F | Quote | Chart | News | PowerRating) Restates Results From 2001 Through 2005; Narrows Q3 FY06 Loss By $550 Mln (full story).  F shares fall nearly 1%.

BJ's Wholesale Club (BJ | Quote | Chart | News | PowerRating) Q3 Profit Declines On Increased Expenses (full story).  BJ shares rise by 3.7%.

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

Market Snapshot

Dow

+85.89

12,217.77

NASDAQ

+24.28

2,430.66

S&P 500

+8.78 1,393.20

NYSE

NASDAQ

Volume

2,937,746,000

1,879,675,000

Advances

2379

1965

Declines

899

1094

Up Volume

2003

1259

Down Volume

672

504

New Hi's

307

218

New Lo's

25

60

Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

PHLX Semiconductor Index (SOX)

PHLX Gold and Silver Sector Index (XAU)
Amex Disk Drive Index (DDX) Amex Gold Bugs Index (HUI)
GSTI Semiconductor Index (GSM) S&P Chemical Index (CEX)

Economic News

Producer prices fell 1.6% in October matching a 5 year low.

Retail sales fell 0.2%.

Business inventories rose 0.4% in September vs. 0.6% expected increase.

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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