S&P 500 1,162.10 +.87%
DJIA 10,242.47 +.83%
NASDAQ 1,950.78 +.96%
Russell 2000 596.44 +1.17%
DJ Wilshire 5000 11,452.76 +.93%
S&P Barra Growth 562.26 +.80%
S&P Barra Value 595.47 +.93%
Morgan Stanley Consumer 577.20 +.49%
Morgan Stanley Cyclical 713.05 +.85%
Morgan Stanley Technology 443.75 +1.07%
Transports 3,470.80 +.89%
Utilities 369.55 +.87%
Put/Call .79 -14.13%
NYSE Arms .66 -54.09%
Volatility(VIX) 14.62 -4.94%
ISE Sentiment 161.00 +25.78%
US Dollar 83.82 +.38%
CRB 308.68 +.45%
Futures Spot Prices
Crude Oil 54.15 -.77%
Unleaded Gasoline 163.96 -.69%
Natural Gas 7.12 -.45%
Heating Oil 151.00 -.53%
Gold 436.10 +.07%
Base Metals 125.15 -1.0%
Copper 148.20 -.13%
10-year US Treasury Yield 4.24% +.05%
Leading Sectors
Homebuilders +2.19%
Gaming +1.91%
I-Banks +1.83%
Lagging Sectors
Airlines +.19%
Drugs -.03%
Papers -.29%
Evening Review
Detailed Market Summary
Market Gauges
Daily ETF Performance
Style Performance
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Timely Economic Charts
PM Market Call
After-hours Movers
Real-time/After-hours Stock Quote
In Play
Afternoon Recommendations
Goldman Sachs:
- Reiterated Outperform on GD.
- Reiterated Underperform on HBAN.
Afternoon/Evening Headlines
Bloomberg:
- Microsoft named International Paper’s Christopher Liddell as CFO.
- Adelphia Communications, the bankrupt US cable-tv operator, agreed to pay about $715 million to settle a federal fraud case, the Justice Department said.
- A federal grand jury has indicted 14 members of the Chicago Mob for participating in a conspiracy that committed 18 murders, corrupted law enforcement organizations and extorted businesses, prosecutors said today.
- Billionaire Kenneth Langone said John Mack, the former CEO of CSFB, will help lead a potential offer for the NYSE.
- US Senate Democratic leaders said they may be willing to allow Senate votes on some of President Bush’s seven disputed judicial nominees to avoid a showdown that threatens to stymie legislation.
BOTTOM LINE: US stocks finished higher today on merger activity, lower energy prices and a bounce from Friday’s sell-off. The Portfolio finished higher today on gains in my Internet, Homebuilding and Computer longs. I did not trade in the afternoon, thus leaving the Portfolio 75% net long. The tone of the market remained modestly positive into the afternoon as the advance/decline finished modestly higher, almost every sector rose and volume was very light. Measures of investor anxiety were lower. Overall, today’s market action was slightly positive, considering the news. I would like to see stocks rise on better breadth and volume before becoming more optimistic on the near-term.
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