DEERFIELD BEACH, Fla., July 13, 2005 (PRIMEZONE) -- The major indices spent the majority of Tuesday's session trading slightly lower, then the averages turned up in the afternoon and made it into positive ground. Nasdaq held onto its gains while some profit taking in the final hour brought the Dow Industrials back into the red. In general, enthusiasm continued about corporate earnings. Volume was mixed, with volume on the NYSE increasing and volume on the Nasdaq decreasing from the prior session levels. Advancers outnumbered decliners by a 19-to-14 ratio on the NYSE, and by a narrower 16-to-15 ratio on the Nasdaq.
While the concerns about rates remained in place Tuesday, some of the selling pressure eased.
Focus Stock:
PepsiCo Inc. (Nasdaq:PEP) (+1.39%), the country's second largest soft-drink manufacturer, rallied on a better-than-expected earnings report. The company said second quarter earnings increased to $0.70 a share, exceeding the $0.67 analysts had forecast.
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Other stocks to watch:
StockMarketNewsAlert.com names the following stocks to its Stock Focus List
Resources Connection Inc. (Nasdaq:RECN) Bullish Innovex, Inc. (Nasdaq:INVX) Bullish Brillian Corp. (Nasdaq:BRLC) Bullish
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