S&P 500 1,235.86 -.74%
DJIA 10,610.10 -.82%
NASDAQ 2,191.32 -1.15%
Russell 2000 671.84 -1.69%
DJ Wilshire 5000 12,338.00 -.82%
S&P Barra Growth 592.12 -.91%
S&P Barra Value 639.36 -.57%
Morgan Stanley Consumer 587.51 -.83%
Morgan Stanley Cyclical 756.57 -.86%
Morgan Stanley Technology 505.06 -.79%
Transports 3,766.27 -.96%
Utilities 402.73 -.63%
Put/Call 1.04 +16.85%
NYSE Arms 1.25 +33.03%
Volatility(VIX) 12.52 +5.83%
ISE Sentiment 205.00 -24.63%
US Dollar 87.80 -.22%
CRB 315.73 +.13%
Futures Spot Prices
Crude Oil 61.70 +.55%
Unleaded Gasoline 181.10 +.48%
Natural Gas 8.49 +.27%
Heating Oil 171.00 +.13%
Gold 442.90 -.18%
Base Metals 127.82 -.40%
Copper 164.80 -.39%
10-year US Treasury Yield 4.31% +.46%
Leading Sectors
Oil Tankers +4.07%
Broadcasting +.61%
Oil Service +.55%
Lagging Sectors
Retail -2.33%
Semis -2.43%
Airlines -3.11%
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 LVS.
- Reiterated Underperform on WGR.
Afternoon/Evening Headlines
Bloomberg:
- Microsoft name Wal-Mart Stores’ Kevin Turner, once the retailer’s youngest-ever executive, as chief operating officer to free up Chief Executive Steve Ballmer to spend more time on products.
- Exxon Mobil CEO Raymond will retire at the end of 2005, ending a 12-year reign in which he built a Standard Oil Trust successor into the world’s largest publicly traded company.
BOTTOM LINE: The Portfolio finished modestly lower today on losses in my Semiconductor/Retail longs and Oil Tanker shorts. I did not trade in the afternoon, thus leaving the Portfolio 75% net long. The tone of the market was negative today as the advance/decline line finished substantially lower, sector performance was mostly negative and volume was below average. Measures of investor anxiety remained higher into the close. Overall, today’s market action was negative. I am anticipating that tomorrow's non-farm payrolls exceed estimates of 180,000. This should send the U.S. dollar and long-term rates modestly higher. Based on the market's action today, I suspect this will pressure stocks slightly near-term. However, the belief that better employment prospects mean continuing positive income trends will offset higher gas and interest rates should mute losses.
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