DJIA 12,283.85; Up 89.72 (0.74%)
NASDAQ 2,448.39; Up 35.18 (1.46%)
S&P500 1,409.12; Up 12.41 (0.89%)
10YR-Bond 4.433% Up 0.008
NYSE Volume 2,723,529,000
NASDAQ Volume 1,942,218,000
Pfizer (PFE) was the biggest stock today after they unexpectedly halted late stage trials of its new cholesterol drug because of a higher death risk. PFE fell 10.6% to $24.90, but the DJIA component traded 288 million shares.
Onyxx Pharma (ONXX) fell a sharp 30% to $12.18 after its cancer drug (already approved for kidney cancer) failed to meet endpoints for skin cancer studies.
Mellon Financial (MEL) rose as it is being acquired in a merger of equals with Bank of New York (BK); both rose as BK rose 12% to $39.75 and MEL rose 7% to $42.78.
LSI Logic (LSI) fell 13% to $9.12 (on 52 million shares) after announcing it was doing a leveraged acquisition in all stock for Agere (AGR); AGR rose 8.5% to $19.30.
Station Casinos (STN) rose 22% to $84.90 after an $82 buyout from an investment group led by CEO Fertitta.
Landstar (LSTR) fell 5% to $42.14 after lowering guidance from weaker orders.
Openwave (OPWV) rose 8% to $8.95 after it filed its financials and disclosed $182M in charges over options.
Allegheny Tech (ATI) rose 6.7% to $93.92 to another high close after Cramer said this stock has along way to go.
Novellus (NVLS) rose 0.4% to $32.45 after narrowly raising estimates.
Baidu.com (BIDU) rose 3% to $114.88 after the WSJ said the company may compete against Yahoo and Google in Japan.
IBM (IBM) rose 2.5% after the cover of Barron’s featured it as about to really move.
Dell (DELL) fell another 1.5% after an analyst report in barron’s indicated that DELL had met earnings many times through options and warrants manipulations.
Jon C. Ogg
December 4, 2006
Top Gaining Stocks
Top Losing Stocks