S&P 500 1,277.93 -.39%
DJIA 10,854.86 -.38%
NASDAQ 2,279.64 -1.0%
Russell 2000 703.78 +.02%
S&P Barra Growth 611.41 -.46%
S&P Barra Value 662.11 -.32%
Morgan Stanley Consumer 599.77 +.25%
Morgan Stanley Cyclical 779.53 -.64%
Morgan Stanley Technology 543.62 -.83%
Transports 4,129.69 +.95%
Utilities 420.83 -.11%
Put/Call 1.0 +29.87%
NYSE Arms 1.23 +12.22%
Volatility(VIX) 12.25 +2.85%
ISE Sentiment 172.00 -8.51%
US Dollar 89.25 -.06%
CRB 338.80 -1.07%
Futures Spot Prices
Crude Oil 65.85 +.18%
Unleaded Gasoline 177.34 +.01%
Natural Gas 8.70 +.07%
Heating Oil 175.34 -.12%
Gold 543.60 -.17%
Base Metals 162.64 +1.09%
Copper 211.80 -.09%
10-year US Treasury Yield 4.33% +.18%
Leading Sectors
Airlines +4.46%
HMOs +1.85%
Networking +1.04%
Lagging Sectors
Internet -2.14%
Oil Tankers -2.64%
Gold & Silver -3.05%
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 (EBAY).
- Reiterated Underperform on (TER).
Afternoon/Evening Headlines
Bloomberg:
- Increased manufacturing and employment helped the US economy expand in the final weeks of last year, with competition and lower energy costs holding down prices increases in some areas, the Federal Reserve said.
- Kohlberg Kravis Roberts, seeking to raise more than $10 billion for its biggest buyout fund ever, won a $1.5 billion commitment from the Oregon Investment Council.
- EBay(EBAY) said fourth-quarter profit jumped 36% after US sales outpaced growth in Europe.
- Apple Computer(AAPL) said first-quarter profit almost doubled and sales reached a record, buoyed by surging holiday sales of iPod digital music players.
- Advanced Micro Devices(AMD) posted its highest quarterly profit in more than four years after the company took sales from Intel Corp.(INTC).
- Exxon Mobil(XOM) expects global gasoline and diesel production to expand faster than demand over the next five years, squeezing refining profits that set records last year.
- Natural gas fell for the sixth time in seven sessions on more predictions of mild winter weather.
Wall Street Journal:
- US billionaire investor Carl Icahn, who is urging Time Warner(TWX) be split up, would merge the company’s America Online and entertainment businesses with a smaller Internet portal.
Financial Times:
- Google(GOOG) and Yahoo!(YHOO) are extending their rivalry to local and image searches, citing Keynote Systems.
BOTTOM LINE: The Portfolio finished lower today on losses in my Semi longs, Medical longs and Internet longs. I did not trade in the final hour, thus leaving the Portfolio 75% net long. The tone of the market was modestly negative today as the advance/decline line finished slightly lower, sector performance was mixed and volume was heavy. Measures of investor anxiety were higher into the close. Overall, today's action was mildly bearish considering the declines in Asian markets, commodity stocks and several tech leaders. Apple Computer(AAPL), one of my longs, is down 3 points after-hours. This appears to be an overreaction to me. I may buy more tomorrow if losses worsen.
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