S&P 500 1,231.02 -.56%
DJIA 10,557.63 -.79%
NASDAQ 2,145.26 -.70%
Russell 2000 667.02 -.74%
DJ Wilshire 5000 12,289.08 -.53%
S&P Barra Growth 587.12 -.50%
S&P Barra Value 639.70 -.61%
Morgan Stanley Consumer 582.65 -.95%
Morgan Stanley Cyclical 728.19 -1.10%
Morgan Stanley Technology 501.85 -.51%
Transports 3,589.75 -1.21%
Utilities 429.97 +.26%
Put/Call .92 +13.58%
NYSE Arms 1.04 +38.37%
Volatility(VIX) 12.14 +8.20%
ISE Sentiment 194.00 +79.63%
US Dollar 88.51 +.51%
CRB 327.41 +3.81%
Futures Spot Prices
Crude Oil 67.02 -.55%
Unleaded Gasoline 204.50 +.11%
Natural Gas 12.70 +.30%
Heating Oil 203.80 -.02%
Gold 467.50 -.62%
Base Metals 124.20 -.89%
Copper 165.25 -.12%
10-year US Treasury Yield 4.24% -.64%
Leading Sectors
Oil Service +3.20%
Energy +2.61%
Oil Tankers +1.81%
Lagging Sectors
Restaurants -1.67%
Retail -1.71%
Airlines -3.39%
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 TYC, NKE and WAG.
Afternoon/Evening Headlines
Bloomberg:
- Neiman Marcus Group’s credit ratings will be cut to junk when the company’s buyout by Texas Pacific Group and Warburg Pincus LLC is completed, S&P said.
- Homebuilders in the US were less optimistic for the third straight month in September as the costs of energy and lumber rose in the aftermath of Katrina, a survey showed.
- Toyota Motor plans a US ad campaign to promote its hybrid power system as the company brings out more of the fuel-efficient vehicles.
- The euro touched a seven-week low against the dollar after Germany’s election ended in a stalemate, raising concern the government will fail to enact policy changes to bolster faltering economic growth.
- Crude oil traded near $67/bbl. after jumping 7% today on forecasts Tropical Storm Rita will strengthen into a hurricane before crossing the Gulf of Mexico and striking Texas near the refining center of Houston.
Nikkei English News:
- Honda Motor will double the number of North American auto parts manufacturers it works with to 40, and work with them on all of its models.
BOTTOM LINE: The Portfolio finished slightly lower today on losses in my Energy-related shorts and Retail longs. I did not trade in the afternoon, thus leaving the Portfolio market neutral. The tone of the market was negative today as the advance/decline line finished substantially lower, most sectors declined and volume was below average. Measures of investor anxiety were mostly higher into the close. Overall, today’s market action was slightly negative. Currently, TradeSports.com is showing a 51% chance that Tropical Storm Rita makes first landfall as a Category 1 or higher in Texas. There is a 34% chance for Louisiana. I would expect to see more of a negative reaction from investors if it becomes apparent that Rita will definitely hit Texas or Louisiana.
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