NASDAQ 2,106.87 +.23%
Leading Sectors
Boxmakers +1.57%
HMOs +.84%
Wireless +.62%
Lagging Sectors
Oil Service -.98%
Retail -1.36%
Homebuilders -2.76%
Other
Crude Oil 49.65 -.22%
Natural Gas 7.84 unch.
Gold 455.40 -.09%
Base Metals 120.77 +.21%
U.S. Dollar 81.96 +.04%
10-Yr. T-note Yield 4.32% unch.
VIX 13.30 +3.99%
Put/Call .75 +8.70%
NYSE Arms 1.03 +15.73%
After-hours Movers
STGS +5.1% after saying it will be added to the S&P Small-cap 600 Index.
HOTT -8.3% after lowering 4Q estimates on disappointing November sales.
Recommendations
Goldman Sachs reiterated Outperform on DNA and ACN.
After-hours News
U.S. stocks finished mixed today as rising interest rates offset optimism over economic growth. After the close, Europe's population is expected to decline by 96 million between 2000 and 2050 despite projected immigration of 600,000 a year during the same period, the Financial Times said. The Arctic Ocean may have significant deposits of oil and gas in a ridge buried near the North Pole, the NY Times reported. Beijing city officials canceled a $3.5 million software order to Microsoft, bowing to complaints from domestic rivals, the Financial Times said. Perry Corp., an investment advisory firm, said it owns 26.6 million Mylan Labs shares and supports the company's acquisition of King Pharmaceuticals that billionaire financier Carl Icahn has tried to block, Bloomberg reported. Halliburton said a bankruptcy judge approved a $1.5 billion settlement of asbestos claims between two of its subsidiaries and insurers, Bloomberg said.
BOTTOM LINE: The Portfolio finished slightly lower today as losses in my Chinese ADR, retail and telecom equipment longs more than offset gains in my security, internet and Indian ADR longs. I did not trade in the afternoon, thus leaving the Portfolio 100% net long. The market improved modestly into the afternoon as most stocks rose and technology outperformed. I continue to expect another rally in the near-term on better-than-expected economic reports, a rally in the dollar and lower energy prices.
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