Mid-Day Report

The markets climbed during the midday with the Dow soaring 127 points to 13,114 over news that the Conference Board's index of leading economic indicators edged up 0.1% in April. While the gain was modest, it was greater than the expected 0.1% decrease. Nasdaq jumped 18 points to 2547.

On the upside

Vimpel-Communications (NYSE: VIP) reported higher fiscal 2007 earnings.

Shaw Group (NYSE: SGR) announced that the U. S. Navy awarded the engineering and construction company a contract worth up to $150 million to clean up environmentally contaminated sites.

The board of Mobile TeleSystems (NYSE: MBT) recommended that the cellular services provider pay a 2007 dividend of 62.3 cents per share, 53% more than the 2006 dividend, as earnings surged.


On the downside

The sale of Campbell Soup's (NYSE: CPB) Godiva brand lifted third quarter earnings for the food company but adjusted earnings fell short of estimates as soup sales dropped.

The $34.8 billion buyout of BCE (NYSE: BCE) is on hold after the banks funding the acquistion changed conditions of the finance agreement to include higher interest rates.

Perfect World (Nasdaq: PWRD) reported first quarter earnings and revenue that surpassed estimates due to the introduction of Chi Bi, a new online 3D game.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 747.
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here