US Stock Market Close (JAN 10, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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DJIA    12,442.16; Up 25.56 (0.21%)
NASD    2,459.33; Up 15.50 (0.63%)
S&P500    1,414.85; Up 2.74 (0.19%)
10YR-Bond    4.682%     Up 0.026
NYSE Volume    2,698,448,000
NASD Volume    2,242,837,000

Apple (AAPL) continued its meteoric rise up another 4.8% to $97.00 (new highs) after analysts raised targets and estimates as expected.

eBay (EBAY) fell 1.3% to $25.28  after reports surfaced it was buying StubHub for some $300 million, a hefty sum.

Eastman Kodak (EK) proved irrelevance by falling 1.4% to $25.28 after selling ist health imaging unit for some $2.55 Billion.

Placer Sierra (PLSB) rose 15% to $27.19 after Wells Fargo acquired the company at a rough 20% premium; see the Bait Shop call that is a similar stock to Placer Sierra.

Gap (GPS) Fell 0.75% to $20.04 after firing some key managers at Gap Adult and Old Navy, but they kept Pressler on as CEO (one of 10 CEOS that need to go).

Sears Holdings (SHLD) rose 3.5% to $172.09 on higher earnings and lower same-store-sales. See our take.

International Aluminum (IAL) rose 4% to $52.08 after Genstar Capital announced a $51 buyout, anticipating a higher price.

Alcoa (AA) rose 6% to $30.23 after beating yesterday’s earnings.

Adaptec (ADPT) fell 7% to $4.16 on an earnings warning.

JCrew (JCG) fell 4% to $36.24 after the private equity owners sold 1/3 of their holdings into the lock-up expiration.

Walgreens (WAG) fell 0.7% to $45.58 on a $1 Billion share buyback plan.

Exxon (XOM) fell 1.5% to $70.99 on lower oil prices and Chevron (CVX) fell 1.7% to $69.41 on earnings and margin warnings.

Jon C. Ogg

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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