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Stock Market Update - Mon May 14 10:00:01 EDT 2007

Mon May 14, 2007 10:00am EDT

[BRIEFING.COM] Equities are still on the offensive as nine of 10 economic sectors remain positive. Energy (+0.6%) is pacing the way higher, in sympathy with crude oil futures closing in on $63/bbl (+0.7%). Health Care ranks second (+0.4%), as Johnson & Johnson (JNJ 63.40 +1.13) surges 1.8% following a favorable court ruling late Friday regarding a drug (Aciphex) co-marketed by J&J.

Utilities are turning in a similar performance, led by a 1.7% gain in Xcel Energy (XEL 24.07 +.040) after it was upgraded. Fellow rate-sensitive area Financials, though, has temporarily slipped into the red, stalling early buying efforts.

NYSE Adv/Dec 1630/1002...Nasdaq Adv/Dec 1418/1119


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