The Dow Fell 58 Points, Nasdaq Lost 32

April 30, 2007 5:24 PM EDT

The Dow lost 58.03 points to close at 13062.91, the Nasdaq fell 32.12 points to close at 2,525.09, and the S&P 500 dropped 11.7 points to close at 1,482.37. Oil gained $0.75 to close at $65.71.

Volume was modest with 3.1 billion shares trading on the NYSE and 2.19 billion trading on the Nasdaq.
Decliners topped Advancers by a margin of 23:9 on the NYSE and 21:9 on the Nasdaq.

In individual stories, The International Securities Exchange (NYSE: ISE) jumped 46% in response to a press statement issued today by Deutsche Boerse AG, in which ISE confirmed that it is in advanced discussions that could lead to a possible business combination with Eurex. The company said the transaction is still subject to the negotiation of final terms and documentation as well as approval by ISE's Board of Directors. American Real Estate Partners (NYSE: ACP) fell 17.4% after a weekend Barron's article said Carl Icahn holding company American Real Estate Partners LP is significantly overvalued. The article said the company is worth $65, versus its Friday close of $108.51.

Tomorrow morning, investors will be looking for earnings from Administaff (NYSE: ASF), Anadarko Petroleum (NYSE: APC), Archer-Daniels-Midland (NYSE: ADM), ArvinMeritor (NYSE: ARM), Automatic Data Processing (NYSE: ADP), Avon Products (NYSE: AVP), Celanese (NYSE: CE), Emerson (NYSE: EMR), Huntsman (NYSE: HUN), Liz Claiborne (NYSE: LIZ), Marathon Oil (NYSE: MRO), Pilgrim's Pride (NYSE: PPC), Procter & Gamble (NYSE: PG), Qwest (NYSE: Q), Royal Caribbean (NYSE: RCL), Sonic Automotive (NYSE: SAH), and Under Armour (NYSE: UA).

Tomorrow, investors will also be looking for economic data on April Auto & Truck Sales, ISM Index and March Pending Home Sales.


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Stocks Mentioned

ACP 111.09

+0.00 +0.00%
Volume: 0
Track ACP

ADM 28.34

+0.05 +0.18%
Volume: 13,275,868
Track ADM

ADP 40.11

-0.70 -1.72%
Volume: 5,463,724
Track ADP

APC 40.14

-2.09 -4.95%
Volume: 5,634,372
Track APC

ARM 3.58

-0.37 -9.37%
Volume: 2,617,107
Track ARM

ASF 22.32

-1.40 -5.90%
Volume: 403,922
Track ASF

AVP 24.21

-0.74 -2.97%
Volume: 4,821,476
Track AVP

CE 14.50

+0.26 +1.83%
Volume: 3,248,914
Track CE

EMR 36.76

-2.34 -5.98%
Volume: 4,957,257
Track EMR

HUN 3.71

+0.20 +5.70%
Volume: 9,166,682
Track HUN

ISE 67.49

+0.00 +0.00%
Volume: 0
Track ISE

LIZ 3.33

+0.17 +5.38%
Volume: 2,813,252
Track LIZ

MRO 28.71

-1.16 -3.88%
Volume: 7,604,830
Track MRO

PG 61.08

-1.09 -1.75%
Volume: 12,419,681
Track PG

PPC 0.62

+0.00 +0.00%
Volume: 2,352,281
Track PPC

Q 3.58

-0.03 -0.83%
Volume: 13,554,437
Track Q

RCL 13.41

-1.39 -9.39%
Volume: 4,295,458
Track RCL

SAH 4.04

-0.06 -1.46%
Volume: 329,211
Track SAH

UA 25.23

-0.91 -3.48%
Volume: 530,429
Track UA


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