S&P 500 1,139.81-.26%
NASDAQ 2,060.57-.17%
Leading/Lagging Sectors
Oil Service+2.46%
Fashion+2.0%
Broadcasting+1.38%
Semis-1.01%
Airlines-1.03%
Networking-1.39%
After-hours Movers
LLTC up 3.4% after raising earnings guidance.
ESPD down 5.5% after earnings release.
After-hours News
US stocks fell for the first day in 3 as declines among health-care companies, some of this year's best performers, blunted the effect of a proposed $4B takeover in the networking-equipment industry on technology shares. OPEC should halt output above its quotas to prevent a drop in prices, a majority of ministers from the eleven-member group said. Mike Tyson, who earned $200M from his 20-year professional boxing career, had $5,553 left as of Dec. 31. CDC reports that elderly receive unsafe mediation from doctors in 8% of visits. Pakistan may prosecute its top nuclear scientist in the event he is found to have failed to provide full details about his involvement in selling atomic secrets.
BOTTOM LINE: Very quiet after-hours. Volume was light today. It wasn't the kind of follow-through I was looking for. It is likely that investors are waiting for confirmation from Greenspan on Wed. before moving further into equities. I took profits in a few names today on the close, leaving my net exposure to the market at 80%.
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