MARKET HEADLINES
- Best Trades Now: Tech, Utilities, Financials & More
- 30-Year Bond Gains Full Point as Stocks Weaken
- European Stocks Fall on Weak Autos
- Weaker Oil Prices Lift Asian Markets
- Oil Rebounds From to 7-Week Low to Above $125
- Should You Chase The Rally?
- Five Things We've Learned From Earnings Season
- Bonds Hold Losses After Auction on 2-Year Notes
- Euro Stocks Gain on Banks, Auto Surge
- Oil Settles Below $125, Hitting a Six-Week Low
- Mechel OAO shares plunge following Putin criticism
- Crocs lowers guidance for 2nd quarter; shares dive
- Trial set in suit to block Delta-Northwest deal
- Southwest 2Q profit up, sales rise 11 percent
- Zoll Medical's 3Q profit rises 33 percent
- GATX 2Q earnings decline on higher costs
- AutoNation 2Q profit dives, 1,300 job cuts planned
- Sector Wrap: National banks drop on housing woes
- FCStone Group increases size of credit facilities
- Starwood cuts outlook as US hotel market weakens
If its stock closes down more than 5.6 percent today, Hewlett-Packard[HPQ
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] will post its worst 1-day percentage decline since August 12, 2004 when it fell over 13%. The stock is also having a very active trading session. Over 90 million shares have already changed hands (as of 1:30pm ET); normal volume is 15 million shares for an entire day. The stock is at its lowest level since February 2008.
EDS’s [EDS
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] stock is also trading in very heavy volume today. More than 70 million shares have been exchanged today (as of 1:30pm ET) – which is 18 times the stock’s average daily volume. EDS is trading at its highest level since August 2007.
Despite the threat of increased competition from a combined HP-EDS, IBM [IBM
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] continues to hit new highs and is trading at its highest level since September 2000. As our Bob Pisani mentioned earlier today, IBM’s size and scope in the IT services industry give it a strong competitive advantage over its rivals in the marketplace.




