S&P 500 1,231.21 +.18%
DJIA 10,674.76 -.11%
NASDAQ 2,187.93 +.05%
Russell 2000 654.64 -.24%
DJ Wilshire 5000 12,283.90 +.14%
S&P Barra Growth 591.20 +.33%
S&P Barra Value 635.69 +.04%
Morgan Stanley Consumer 589.64 -.22%
Morgan Stanley Cyclical 747.02 -.08%
Morgan Stanley Technology 514.76 +.30%
Transports 4,001.65 -.11%
Utilities 391.45 +.84%
Put/Call .77 -6.10%
NYSE Arms .85 -1.37%
Volatility(VIX) 12.26 +.25%
ISE Sentiment 150.00 -8.54%
US Dollar 92.33 +.26%
CRB 315.31 +.82%
Futures Spot Prices
Crude Oil 57.82 -.10%
Unleaded Gasoline 148.80 +.34%
Natural Gas 12.36 +.25%
Heating Oil 173.08 +.09%
Gold 479.90 +.17%
Base Metals 138.82 -.20%
Copper 193.30 -.10%
10-year US Treasury Yield 4.47% -1.76%
Leading Sectors
Gold & Silver +5.96%
Oil Service +2.92%
Energy +2.39%
Lagging Sectors
Alternative Energy -.94%
I-Banking -.97%
Broadcasting -1.45%
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 IMCL, GILD, WEC and ACN.
- Reiterated Underperform on SGP.
Afternoon/Evening Headlines
Bloomberg:
- US Treasuries rose, led by the biggest gain in 10-year notes since June, after government reports showed consumer prices increased in October at the slowest pace in four months and foreign demand for US assets soared.
- Ford Motor introduced discounts combining reduced prices and rebates two days after competitor GM rolled out new sales incentives.
Financial Times:
- VNU NV, the owner of market researcher ACNielsen, may say tomorrow it will abandon its plan to buy IMS Health for $7 billion.
NY Times:
- The SEC is investigating whether a Wachovia Corp. analyst was fired for refusing to alter securities recommendations to win i-banking business.
AP:
- Irving “Irv Gotti” Lorenzo, founder of the hip-hop recording label Murder Inc., and his brother Christopher went on trial in NY yesterday on racketeering charges, including allegedly laundering money for a drug dealer.
BOTTOM LINE: The Portfolio finished unchanged today as gains in my Internet longs, Retail longs and Computer longs offset losses in my Energy-related 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 lower, sector performance was mixed and volume was average. Measures of investor anxiety were mixed into the close. Overall, today's market action was slightly negative. I expect the Fed to make increasingly more dovish comments by early next year as housing continues to slow to more healthy levels and energy prices remain far weaker than most expect. Investors should begin anticipating this soon. I continue to believe U.S. economic growth is slowing to average levels from vigorous rates before the hurricanes and that inflation has peaked for this cycle. This "Goldilocks" economic environment will boost U.S. stock prices.
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