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Stock Market Update - Tue Aug 14 13:30:01 EDT 2007

Tue Aug 14, 2007 1:30pm EDT

[BRIEFING.COM] More of the same for stocks as negative breadth figures and weak industry leadership across the board continue weigh on the proceedings. Losses on the Dow and S&P 500 are back to 1.0%.

Wal-Mart (WMT 43. 90 -2.26), today's worst performing Dow component (-4.9%) remains a huge overhang as its slashed profit outlook feeds consumption concerns. Hyper & Supercenters (-4.1%) ranks as today's third worst performing S&P industry group.

Home Depot (HD 34.42 -0.82) is the next biggest disappointment (-2.3%) on the price-weighted index as its Q2 profit decline and remarks about further softness in housing remain another obstacle for market bulls to overcome. Home Improvement Retail (-2.6%) is another one of today's biggest laggards.

The Energy sector's (-0.1%) failure to keep a bid even as oil prices flirt with session highs further underscores the lack of enthusiasm to own equities today.

NYSE Adv/Dec 744/2512...Nasdaq Adv/Dec 1035/1915


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