S&P 500 1,262.09 -.24%
DJIA 10,835.01 -.39%
NASDAQ 2,257.64 -.69%
Russell 2000 686.57 -.58%
DJ Wilshire 5000 12,629.10 -.29%
S&P Barra Growth 604.09 -.31%
S&P Barra Value 653.62 -.16%
Morgan Stanley Consumer 592.64 -.37%
Morgan Stanley Cyclical 779.25 -.27%
Morgan Stanley Technology 531.30 -1.07%
Transports 4,086.81 -1.25%
Utilities 404.24 +.30%
Put/Call .85 unch.
NYSE Arms .93 -24.54%
Volatility(VIX) 11.60 +5.36%
ISE Sentiment 190.00 -18.10%
US Dollar 91.49 -.48%
CRB 325.59 +.68%
Futures Spot Prices
Crude Oil 59.93 +.03%
Unleaded Gasoline 159.25 +.17%
Natural Gas 13.54 -.87%
Heating Oil 179.20 +.13%
Gold 513.00 +.08%
Base Metals 151.59 +1.55%
Copper 200.45 -.15%
10-year US Treasury Yield 4.56% +1.18%
Leading Sectors
Steel +1.49%
Energy +.67%
I-Banks +.63%
Lagging Sectors
Oil Tankers -1.23%
Computer Services -1.50%
Semis -1.57%
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:
- KB Home, the fifth-largest US homebuilder by stock market value, formed a joint venture with a Louisiana contractor to build houses in areas damaged by Hurricane Katrina.
- ABC News named Elizabeth Vargas and Bob Woodruff to co-anchor “World News Tonight” and said the pair also will host an Internet show as the US television network seeks a formula to stem a decline in viewers.
- Defense Secretary Rumsfeld today said press coverage of Iraq focuses too much on sensationalism and misses “the full story.”
- Natural gas prices reversed 7% lower intra-day as traders “sold the news” of colder weather.
AP:
- The organization that overseas the Internet approved a “.asia” Internet domain for the Asia-Pacific region and put off a decision on “.xxx” designation for pornography.
BOTTOM LINE: The Portfolio finished lower today on losses in my Internet longs, Semi longs, Airline longs and Medical Information Systems longs. I took profits in my SNDK short in the afternoon and added to a few existing shorts, thus leaving the Portfolio 100% net long. The tone of the market was negative today as the advance/decline line finished lower, most sectors fell and volume was average. Measures of investor anxiety were mostly higher into the close. Overall, today was a pretty good day for the bears as the major averages failed to mount much of a rally even as energy prices reversed and long-term rates stabilized higher. However, I still believe stocks will mount another push higher this week. Given two-thirds of inflation is comprised from unit labor costs, tomorrow's report should be monitored closely.
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