S&P 500 1,236.36 +.24%
DJIA 10,633.50 +.42%
NASDAQ 2,172.03 +.24%
Russell 2000 677.32 +.42%
DJ Wilshire 5000 12,360.66 +.28%
S&P Barra Growth 591.98 +.23%
S&P Barra Value 640.02 +.25%
Morgan Stanley Consumer 591.19 +.14%
Morgan Stanley Cyclical 747.88 +.65%
Morgan Stanley Technology 503.79 +.65%
Transports 3,687.30 -.05%
Utilities 419.98 +.05%
Put/Call .84 -6.67%
NYSE Arms .71 +22.07%
Volatility(VIX) 12.52 -3.17%
ISE Sentiment 173.00 +53.10%
US Dollar 86.93 +.42%
CRB 324.19 -1.57%
Futures Spot Prices
Crude Oil 64.73 +.56%
Unleaded Gasoline 206.00 +1.87%
Natural Gas 11.25 +.44%
Heating Oil 198.70 +1.26%
Gold 448.60 -.09%
Base Metals 129.57 -.87%
Copper 164.70 unch.
10-year US Treasury Yield 4.13% +1.08%
Leading Sectors
Gaming +3.13%
Restaurants +2.57%
Networking +2.42%
Lagging Sectors
Commodity -.39%
Oil Tankers -.57%
REITs -.75%
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:
- None of note.
Afternoon/Evening Headlines
Bloomberg:
- Pixar, the computer-animation film studio run by Steven Jobs, will know in the “not-too-distant future” whether it will sign a distribution agreement with Walt Disney or another company, Jobs told CNBC.
- United Nations Secretary-General Kofi Annan knew about the corruption within the Iraqi/UN oil-for-food program and did little to stop the illegal activity, an inquiry led by former US Fed Chairman Paul Volcker said.
- The US economy expanded in the six weeks before Hurricane Katrina struck, led by car sales and tourism, even as the housing boom cooled and energy prices rose, the Federal Reserve said in its Beige Book report.
- The US Federal Emergency Management Agency will distribute $2,000 debit cards to survivors of Hurricane Katrina to use for emergency supplies.
BOTTOM LINE: The Portfolio finished substantially higher today on gains in my Oil Tanker shorts, Internet longs, Medical Information System longs, Semiconductor longs and Medical Technology longs. I added to my GOOG long and VLO short in the afternoon, thus leaving the Portfolio 100% net long. The tone of the market was modestly positive today as the advance/decline line finished slightly higher, most sectors gained and volume was below average. Measures of investor anxiety were mostly lower into the close. Overall, today’s market action was slightly positive given the decline in energy prices and rise in long-term rates. The Johnson Redbook same-store sales index rose 3.0% year-over-year last week despite the effects from Hurricane Katrina vs. a 3.7% rise the prior week. This week's gain is up from a 1.5% increase in late April and the 18th week in a row the index has risen 3% or more. The Morgan Stanley Retail Index has risen about 3% in two days.
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