S&P 500 1,273.46 +.37%
DJIA 10,880.15 +.30%
NASDAQ 2,263.46 +.88%
Russell 2000 689.25 +.76%
DJ Wilshire 5000 n/a
S&P Barra Growth 609.34 +.44%
S&P Barra Value 659.71 +.29%
Morgan Stanley Consumer 597.85 +.33%
Morgan Stanley Cyclical 798.75 +.80%
Morgan Stanley Technology 536.70 +1.02%
Transports 4,246.94 +1.14%
Utilities 414.44 +.22%
Put/Call .75 +4.17%
NYSE Arms 1.04 +39.79%
Volatility(VIX) 11.37 +2.06%
ISE Sentiment 191.00 +17.18%
US Dollar 89.14 -.78%
CRB 338.49 +.63%
Futures Spot Prices
Crude Oil 63.72 +.74%
Unleaded Gasoline 178.75 +.17%
Natural Gas 10.20 +.11%
Heating Oil 182.10 +.18%
Gold 535.80 +.04%
Base Metals 155.94 +1.37%
Copper 209.40 -.17%
10-year US Treasury Yield 4.34% -.49%
Leading Sectors
Airlines +2.25%
Networking +1.87%
Wireless +1.76%
Lagging Sectors
Homebuilders -.01%
Banks -.26%
Gaming -1.29%
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 (FDC), (WAG) and (BSX).
- Reiterated Underperform on (TWMC).
Afternoon/Evening Headlines
Bloomberg:
- Google(GOOG) shares will jump 25% to $550 by year-end, Bear Stearns analysts say, a forecast that is third-highest among 22 securities firms.
- Hartsfield-Jackson Atlanta International Airport handled more flights than any other airport in the world last year, surpassing Chicago’s O’Hare International Airport for the first time in five years.
- General Motor’s(GM) Chevrolet beat out Ford Motor’s(F) namesake division for the US sales title last year for the first time since 1986.
- Christopher Davis and Kenneth Feinberg, who run the $32.5 billion Davis New York Venture Fund, were named the best US stock mutual-fund managers of 2005 by research firm Morningstar.
- The US government froze the assets of two Iranian companies that Treasury Dept. officials said are fronts for the Islamic country’s nuclear program.
- Israeli Prime Minister Ariel Sharon suffered a “significant” stroke, the head of the hospital where he is being treated said late today, and Vice Prime Minister Ehud Olmert took over as the country’s leader.
CNBC:
- Oracle(ORCL), the software maker that spent more than $18 billion on acquisitions in the past year, expects profit to increase 20% annually, with recent takeovers accounting for a fourth of the growth.
BOTTOM LINE: The Portfolio finished substantially higher today on gains in my Internet longs, Biotech longs, Medical longs and Software longs. I added to my (VLO) and (OMM) shorts and to a few existing longs in the afternoon, thus leaving the Portfolio 100% net long. The tone of the market was positive today as the advance/decline line finished higher, almost every sector rose and volume was above average. Measures of investor anxiety were mostly higher into the close. Overall, today's action was bullish as the major averages built on yesterday's strong gains with good volume and breadth. The S&P 500 is now up about 2% for the year already. The market's reaction to the retail and employment reports over the next couple of days should provide better insight into the market's underlying strength.
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