S&P 500 1,231.20 -.75%
DJIA 10,597.44 -.80%
NASDAQ 2,171.75 -.51%
Russell 2000 673.13 -1.13%
DJ Wilshire 5000 12,308.65 -.77%
S&P Barra Growth 589.20 -.81%
S&P Barra Value 637.68 -.70%
Morgan Stanley Consumer 584.69 -1.12%
Morgan Stanley Cyclical 744.12 -.87%
Morgan Stanley Technology 510.16 +.44%
Transports 3,591.21 -1.55%
Utilities 417.12 -.82%
Put/Call 1.04 +20.93%
NYSE Arms 1.09 +14.68%
Volatility(VIX) 12.39 +6.35%
ISE Sentiment 139.00 -21.02%
US Dollar 87.75 +.09%
CRB 318.00 -.62%
Futures Spot Prices
Crude Oil 63.23 -.17%
Unleaded Gasoline 189.75 +1.27%
Natural Gas 10.62 -3.73%
Heating Oil 184.80 +1.86%
Gold 450.50 -.71%
Base Metals 128.32 -.24%
Copper 162.05 -1.43%
10-year US Treasury Yield 4.12% -1.06%
Leading Sectors
Wireless +.42%
Software +.33%
Semis +.23%
Lagging Sectors
Oil Tankers -2.44%
Broadcasting -2.86%
Airlines -6.98%
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 FCEA, PSSI, KR, ENH and FCX.
Afternoon/Evening Headlines
Bloomberg:
- Google won a court ruling that allows a former Microsoft executive to recruit staff at the company’s research center in Beijing.
- Gtech Holdings may be sold in pieces to buyers interested in its global lottery operations and gaming equipment business, analysts said.
- US Treasury Tax receipts rose 13% during August on strong corporate profits.
- Morgan Stanley money-management head Mitchell Merin is leaving the firm, the third senior executive close to ousted CEO Purcell to exit since John Mack became CEO in June.
- Duke Energy said it will shut its money-losing wholesale power and trading business, selling 6,200 megawatts of generation and taking a third-quarter pretax charge of about $1.3 billion.
- Louisiana’s attorney general filed 34 criminal charges against the husband and wife who owen St. Rita’s Nursing Home in St. Bernard Parish, where 34 decomposing bodies were found after Hurricane Katrina swept through the state.
NY Times:
- Northwest Airlines and Delta Air Lines may seek bankruptcy protection as soon as tomorrow.
BOTTOM LINE: The Portfolio finished slightly higher today on gains in my Energy-related shorts, Internet longs and Semiconductor longs. I added IWM and QQQQ shorts in the afternoon, thus leaving the Portfolio 75% net long. The tone of the market was negative today as the advance/decline line finished lower, most sectors declined and volume was slightly above average. Measures of investor anxiety were higher into the close. Overall, today’s market action was negative. Tech shares outperformed substantially today. The Morgan Stanley Tech Index is now up about 3% for the month, which bodes very well for a strong fourth quarter.
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