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 32.61

+0.15 +0.46%
Volume: 6,204,562
Track ADM

ADP 43.13

+0.18 +0.42%
Volume: 2,893,459
Track ADP

APC 65.44

-0.25 -0.38%
Volume: 3,676,021
Track APC

ARM 9.09

+0.40 +4.60%
Volume: 3,893,838
Track ARM

ASF 23.14

-0.36 -1.53%
Volume: 152,274
Track ASF

AVP 33.84

+0.00 +0.00%
Volume: 2,498,846
Track AVP

CE 29.44

-0.69 -2.29%
Volume: 1,712,955
Track CE

EMR 41.42

-0.44 -1.05%
Volume: 3,515,716
Track EMR

HUN 8.39

+0.04 +0.48%
Volume: 4,947,686
Track HUN

ISE 67.49

+0.00 +0.00%
Volume: 0
Track ISE

LIZ 5.28

-0.21 -3.83%
Volume: 3,481,710
Track LIZ

MRO 34.94

+0.35 +1.01%
Volume: 4,843,187
Track MRO

PG 61.86

+0.01 +0.02%
Volume: 15,118,467
Track PG

PPC 0.62

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

Q 3.79

+0.09 +2.43%
Volume: 34,085,562
Track Q

RCL 22.50

-0.27 -1.19%
Volume: 3,101,294
Track RCL

SAH 9.49

-0.25 -2.57%
Volume: 665,200
Track SAH

UA 28.07

-0.14 -0.50%
Volume: 300,769
Track UA


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