S&P 500 1,216.10 -.07%
DJIA 10,609.11 -.13%
NASDAQ 2,088.13 -.09%
Russell 2000 641.84 -.36%
DJ Wilshire 5000 12,059.05 -.07%
S&P Barra Growth 582.61 -.10%
S&P Barra Value 629.19 -.05%
Morgan Stanley Consumer 584.52 -.03%
Morgan Stanley Cyclical 740.83 -.40%
Morgan Stanley Technology 482.92 +.19%
Transports 3,572.05 -.55%
Utilities 378.76 +.28%
Put/Call .96 -6.80%
NYSE Arms .83 +5.79%
Volatility(VIX) 11.47 -.09%
ISE Sentiment 145.00 +35.51%
US Dollar 88.44 +.89%
CRB 313.76 +.89%
Futures Spot Prices
Crude Oil 59.10 +1.08%
Unleaded Gasoline 164.10 -.37%
Natural Gas 7.59 -1.24%
Heating Oil 166.00 +.50%
Gold 439.50 -.11%
Base Metals 127.34 +.09%
Copper 158.60 -1.12%
10-year US Treasury Yield 4.10% +.95%
Leading Sectors
Broadcasting +1.32%
Airlines +1.22%
Biotech +.66%
Lagging Sectors
Gold & Silver -1.64%
Homebuilders -1.69%
Steel -2.83%
Evening Review
Detailed Market Summary
Market Gauges
Daily ETF Performance
Style Performance
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Economic Calendar
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Movers
Real-time/After-hours Stock Quote
In Play
Afternoon Recommendations
Goldman Sachs:
- Reiterated Outperform on LAZ.
- Reiterated Underperform on BA.
Afternoon/Evening Headlines
Bloomberg:
- Qualcomm is being investigated by the US International Trade Commission over an accusation that the company illegally imported mobile-phone chips at the center of a patent dispute with Broadcom.
- John Rigas, the 80-year-old founder of Adelphia Communications, was sentenced to 15 years in prison for looting the cable-tv company and lying about its finances.
- The euro fell the most this month against the dollar after European Union leaders failed to agree on the group’s seven-year budget, adding to concern economic integration will slow.
- Electronic Data Systems said it is in talks to sell its AT Kearney consulting division to an undisclosed “third party.”
- Carlyle Group and Extell Development agreed to buy three apartment buildings and a tract of land on Manhattan’s Upper West Side from a group of Hong Kong investors and Donald Trump for $1.76 billion.
SportsBusiness Journal:
- Sprint Corp. is close to signing a five-year, $200 million deal to sponsor the NFL and broadcast game clips and audio via wireless devices.
BOTTOM LINE: The Portfolio finished slightly lower on losses in my Homebuilding and Software longs. I did not trade in the afternoon, thus leaving the Portfolio 75% net long. The tone of the market was slightly negative today as the advance/decline finished lower, sector performance was mixed and volume was light. Measures of investor anxiety were mostly lower into the close. Overall, today’s market action was neutral. The 15-point reversal today in shares of Google (GOOG) is very bullish considering the mostly negative weekend news on the stock. I expect shares to test $300 again over the coming weeks. Google is still my largest long position.
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