US Stock Market Wrap (DEC 15, 2006)

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

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