S&P 500 1,275.88 -.19%
DJIA 10,980.69 +.20%
NASDAQ 2,268.38 -.77%
Russell 2000 721.06 -1.38%
Wilshire 5000 12,835.58 -.41%
S&P Barra Growth 603.43 -.17%
S&P Barra Value 668.95 -.21%
Morgan Stanley Consumer 602.07 +.14%
Morgan Stanley Cyclical 778.92 -.43%
Morgan Stanley Technology 531.83 -.75%
Transports 4,434.62 -.80%
Utilities 399.30 -.40%
Put/Call 1.02 +13.33%
NYSE Arms .92 -4.28%
Volatility(VIX) 12.66 -.63%
ISE Sentiment 135.00 -6.25%
US Dollar 90.79 +1.0%
CRB 321.44 -1.17%
Futures Spot Prices
Crude Oil 61.50 -.13%
Unleaded Gasoline 162.57 -.47%
Natural Gas 6.73 +.84%
Heating Oil 171.60 -.36%
Gold 554.50 unch.
Base Metals 162.42 -2.94%
Copper 217.60 -.05%
10-year US Treasury Yield 4.72% -.51%
Leading Sectors
HMOs +.95%
Banks +.59%
Insurance +.41%
Lagging Sectors
Alternative Energy -2.83%
Disk Drives -3.08%
Steel -3.30%
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 (KR).
- Reiterated Underperform on (LSI).
Afternoon/Evening Headlines
Bloomberg:
- The US Navy has ended combat deployments for Northrop Grumman’s(NOC) F-14 Tomcat fighter-bomber, the plane glamorized in the movie “Top Gun.”
- The LA Times will shrink weekday listings of stock and mutual fund prices to a single page starting March 14 to cut costs and free up space for expanded coverage of Southern California.
- US Defense Secretary Rumsfeld today accused Iran of sending its Revolutionary Guards into Iraq to foment violence.
- Russia and Turkey led a slump in emerging stock markets worldwide on concern that rising US interest rates will slow the global economy.
- The US and Russia told Iran to obey international demands to limit its nuclear program, with VP Cheney pointing to “meaningful” consequences for defiance and a top Russian official saying his government has no new solutions to offer.
- The US dollar strengthened the most against the euro since December as expectations increased that the Fed will raise interest rates to slow brisk US growth and stem inflation.
- Oil fell almost $1/bbl. on speculation that OPEC will leave production targets unchanged at a meeting tomorrow.
Financial Times:
- The US risks “profound” consequences if it pursues a “crazy” protectionist policy over DP World’s $6.8 billion acquisition of Britain’s Peninsular & Oriental Steam Navigation, citing transportation industry leaders at the Trans-Pacific Maritime Conference.
AP:
- The US Homeland Security Dept. will keep close tabs on some cargo containers handled at Port Authority of NY and New Jersey facilities. “Black box” devices that can sense traces of radiation or carbon monoxide, as well as whether a door on the container has been opened, will be stowed in some containers.
BOTTOM LINE: The Portfolio finished slightly lower today as losses in my technology longs more than offset gains in my energy-related shorts. I covered some of my (QQQQ) and (IWM) shorts in the final hour, thus leaving the Portfolio 50% net long. The tone of the market was negative today as the advance/decline line finished substantially lower, sector performance was mostly negative and volume was about average. Measures of investor anxiety were mixed into the close. Overall, today's market performance was bearish. A continuation of today’s rally in bonds should help equities rebound. The U.S. Dollar Index broke up through its recent downtrend line, which could further pressure commodities over the coming weeks.
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