S&P 500 1,197.87 +.25%
DJIA 10,302.29 +.31%
NASDAQ 2,075.66 +.34%
Russell 2000 649.30 +.16%
DJ Wilshire 5000 11,947.20 +.26%
S&P Barra Growth 570.85 +.24%
S&P Barra Value 622.94 +.25%
Morgan Stanley Consumer 565.87 -.30%
Morgan Stanley Cyclical 718.63 +.27%
Morgan Stanley Technology 476.24 +.10%
Transports 3,519.27 -.06%
Utilities 386.59 +.89%
Put/Call 1.04 +8.33%
NYSE Arms 1.18 -21.36%
Volatility(VIX) 12.49 +1.79%
ISE Sentiment 151.00 -34.91%
US Dollar 90.28 -.11%
CRB 312.01 -.42%
Futures Spot Prices
Crude Oil 60.43 -1.39%
Unleaded Gasoline 180.10 +.62%
Natural Gas 7.37 -4.07%
Heating Oil 176.00 -1.94%
Gold 425.40 +.21%
Base Metals 120.60 -.43%
Copper 153.30 +.20%
10-year US Treasury Yield 4.06 -.19%
Leading Sectors
Homebuilders +2.14%
Biotech +1.51%
Steel +1.34%
Lagging Sectors
Airlines -.45%
Tobacco -.99%
Broadcasting -1.79%
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 CEM.
Afternoon/Evening Headlines
Bloomberg:
- Terrorist attacks in London may deepen an economic slowdown in the UK, the world’s fourth-biggest economy, crimping global growth prospects further.
- GM’s debt and that of its finance subsidiary is under review and may be downgraded to non-investment grade by Moody’s Investors Service, the rating company said today.
- Charles Schwab said it has “no interest” in being acquired, dousing a rally in its shares fueled by takeover speculation.
- Residents of southern Florida began bracing for their first hurricane of the season as a strengthening Dennis was upgraded to a Category 3 hurricane with winds reaching 115 mph.
Financial Times:
- Iran and Iraq will start military cooperation as part of a “new chapter” in their relations, citing the countries defense ministers.
London-based Times:
- The Bank of England may hold an emergency meeting within days to reconsider the level of its interest rate in the wake of the blasts in London, citing the Centre for Economics and Business Research.
BOTTOM LINE: The Portfolio finished higher today on gains in my Retail, Internet and Homebuilding longs. I did not trade in the afternoon, thus leaving the Portfolio 75% net long. The tone of the market was slightly positive today as the advance/decline line finished about even at session highs, most sectors advanced and volume was around average. Measures of investor anxiety were mostly higher into the close. Overall, today’s market action was positive. The market displayed exceptional resiliency today. The major indices and breadth are at session highs even with the late-day surge in oil prices. I am becoming more confident that another significant move higher in equities will occur before year end. I expect non-farm payrolls to come in slightly below estimates of 200,000 tomorrow. Consumer credit is likely to exceed expectations of $4.1 billion. Stocks are likely to trade mixed to weaker tomorrow as apprehension rises ahead of the weekend.
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