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
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
