US Stock Market Wrap (DEC 15, 2006)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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DJIA    12,445.52; Up 28.76 (0.23%)
NASDAQ    2,457.20; Up 3.35 (0.14%)
S&P500    1,427.08; Up 1.59 (0.11%)
10YR-Bond    4.597%; Up 0.002
NYSE Volume    3,125,581,000
NASD Volume    2,279,242,000

Investors who were worried that inflation would derail the rally got to rest easy today after CPI came out FLAT.

Time Warner (TWX) rose again up 0.2% to $21.70 after the company made 2 seprarate media purchases, although it had been up over 1% earlier.

Home Depot (HD) fell 0.2% to $39.89 despite announcing a rapid $3 Billion share buyback plan.

Oracle (ORCL) fell 1.9% to $17.68 after it was cut to Neutral at First Albany.

Sirius (SIRI) rose 2.9% to $3.90 at the end of the day on hopes of a merger but no news was on teh tape.

International Fight League (IFLI) rose a shocking  after CNBC featured the "Fight Club" stock after it already ran up on a 60 Minutes tout.

GE (GE) rose 3% to $37.36 to new year highs ahead of its ex-dividend date and on hopes it would get an LBO for its plastics unit.

Black & Decker (BDK) fell almost 10% to $78.26 after an earnings warning.

Illinois Tool (ITW) fell 2.3% to $46.80 after disappointed guidance.

Adobe (ADBE) rose 4.9% to $42.81 after beating earnings and giving strong guidance; it rose to a new high close for recent years, proving it isn’t stucco.

E*Trade (ET) rose 1.9% to $23.19 after announcing it was going to delist from the NYSE to go back to NASDAQ listing.

Dell (DELL) fell 1.25% to $26.53 after delaying its quarterly filing over its SEC inquiry.

Jon C. Ogg
December 15, 2006

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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