4:20 pm : Stocks were volatile Tuesday as the return of inflation fears, volatile oil prices, mixed earnings news and ongoing unrest in the Middle East had investors scrambling to decide whether or not oversold conditions warranted owning stocks ahead of important CPI data and two-day�tstimony on the economy�from Fed Chairman Bernanke. When it was all said and done, oil prices selling off sharply in the final hour of trade and a late-day analyst upgrade on Intel Corp (INTC 18.21 +0.37) acted as sources of reassurance that things were not as bad as initially
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Natalee Holloway's uncle is demanding that suspect Deepak Kalpoe be re-arrested in the 10-month-old mystery of the pretty blonde honor student who disappeared in Aruba. Deepak, his brother Satish and Joran van der Sloot were with the Alabama teen, pictured center, when she was last seen leaving a bar on the island in the early hours of May 30. Her uncle Paul Reynolds told The National Enquirer that he believes Deepak, 21, should be the chief suspect instead of van der Sloot, 18. Reynolds also... •STAR JONES CHEATS DEATH AS SHE UNDERGOES PLASTIC SURGERY •A WILD NIGHT OUT FOR JESSE & HIS PARTY PAL LINDSAY
Star Magazine
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Israelis say offensive could last weeks An Israeli heavy artillery piece fires towards targets in southern Lebanon from a position near Kiryat Shemona, in northern Israel , next to the Lebanese border, Tuesday, July 18, 2006. Israeli officials on Tuesday said their military offensive in Lebanon could last several more weeks and possibly involve large numbers of ground forces _ casting doubt on the effectiveness of growing diplomatic efforts to broker a cease-fire. (AP Photo/Muhammed Muheisen)
12:48 pm PT Market averages continue to extend higher towards morning highs... Dow +52, Naz +5 : The momentum names�we mentioned at 14:36 continue to run... RIMM, BBOX, ISSX, WIRE, INSP, NWRE.
12:48 pm PT Weis Markets Q2 sales increase 4.9% (WMK) 39.04 +0.06 : Co reported that its Q2 sales increased 4.9% to $561.9 mln and that its second quarter net income increased 5.9% compared to the same period a year ago. "Our second quarter results were positively impacted by a record Easter sales period," said Norman S. Rich, Weis Markets' President and CEO. The Easter holiday sales period occurred in the first quarter last year.
12:44 pm PT Market View: Recovery attempt after downside extension (TECHX) : Another round of weakness for the market averages in�midday trade�triggered a break of the June low in the Dow.� While the S&P 500 and small- and mid-cap averages have held above similar levels on an intraday basis (Nasdaq broke last week), these indices have been down the previous four sessions.� From a positive standpoint the market has rebounded solidly off the midday lows potentially setting up the early stages of a short term recovery rally.� The weakest performing sectors today include: Healthcare -5.3%, Retail -2.4%, Home Construction -2.4%,�Networking -1.3%, Restaurant -1.1%.� Strength has been noted in Airline +1.2%, Railroad +1%, REIT +0.7% and Broker/Dealer +0.5%.
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