MORNING BUSINESS MINUTE, TUES., APR. 11, 2006
By:
Updated: April 17, 2007
First Quarter earnings season has started, with Alcoa posting numbers to start everything off. Oil also rose on the session, up $1.35 to close at $68.74 a barrel on Nymex.
We saw no economic figures for the day -- and ended with positive numbers on the Dow.
The Dow added +21.59 (+0.19%) to close at 11,141.33. The NASDAQ lost -5.75 (-0.25%) to finish at 2,333.27 and the S&P 500 added +1.10 (+0.08%) to finish at 1,296.60.
Local stocks split the session. Tyson Foods (TSN) lost -0.15% to close at $13.24. JB Hunt (JBHT) lost -0.93% to close at $22.45. Acxiom (ACXM) added +0.12% to close at $25.83. Wal-Mart (WMT) lost -0.70% to close at $45.70 and AllTel (AT) gained +0.79% to finish at $66.21.
In terms of economic figures, we have another session today without any. Earnings season has started, but today we`ll only look at one report -- from Genentech, Inc.
Overseas in Asia, the Nikkei lost -81.18 (-0.5%) to reach 17,357.40 at the mid-day break in Tokyo -- the broader Topix lost -10.63 (-0.6%) to reach 1,766.71. Back in the U.S., in extended hours trading, the NASDAQ 100 Afterhours Indicator rose +0.92 (+0.05%) to close the night at 1,717.94.
