S&P 500 1,309.93 +.17%
DJIA 11,278.77 +.09%
NASDAQ 2,370.88 +.63%
Russell 2000 778.42 +1.12%
Wilshire 5000 13,278.62 +.36%
S&P Barra Growth 612.63 +.19%
S&P Barra Value 694.63 +.16%
Morgan Stanley Consumer 603.30 unch.
Morgan Stanley Cyclical 853.96 +.59%
Morgan Stanley Technology 557.26 +.36%
Transports 4,725.01 +.53%
Utilities 393.29 +.31%
Put/Call .67 -1.47%
NYSE Arms .88 +126.31%
Volatility(VIX) 11.32 -.70%
ISE Sentiment 148.00 +8.82%
US Dollar 87.77 -.53%
CRB 357.29 +.68%
Futures Spot Prices
Crude Oil 72.08 -.12%
Unleaded Gasoline 223.94 +.70%
Natural Gas 8.19 -.02%
Heating Oil 205.80 -.21%
Gold 645.40 +1.48%
Base Metals 204.43 -.86%
Copper 297.00 +.35%
10-year US Treasury Yield 5.02% +.75%
Leading Sectors
Internet +3.36%
Gold & Silver +3.36%
Oil Service +2.58%
Lagging Sectors
Disk Drives -1.03%
Wireless -1.03%
Telecom -1.05%
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
- None of note
Afternoon/Evening Headlines
Bloomberg:
- The US death rate for 2004 fell to the lowest level ever recorded, and life expectancy at birth rose to a new high.
- A UN report that cites Iran’s support for the Lebanese Shiite Muslim group Hezbollah is recognition that “Iran is financing terrorist groups in Lebanon and Syria,” US Ambassador Bolton said.
- Qualcomm Inc.(QCOM) said second-quarter profit rose 11% on higher sales of handsets that surf the Internet and take pictures.
- Intel(INTC) said first-quarter earnings sank 38% as the world’s biggest computer-chip maker lost market share to Advanced Micro Devices(AMD).
- Apple Computer(AAPL) said second-quarter profit rose 41% even after iPod and Macintosh shipments fell from a record holiday season.
- eBay(EBAY) said first-quarter profit fell 3.1% because of stock option expenses.
Nikkei English News:
- Toyota Motor(TM) plans to spend $11.9 billion in capital expenditures in fiscal 2006.
BOTTOM LINE: The Portfolio finished higher today on gains in my Semi longs, Internet longs and Biotech longs. I did not trade in the final hour, thus leaving the Portfolio 100% net long. The tone of the market was positive today as the advance/decline line finished higher, sector performance was mixed and volume was above average. Measures of investor anxiety were mostly lower into the close. Overall, today's market performance was bullish considering yesterday’s sharp gains and today’s headwinds. I sense that many shorts are trapped after yesterday's advance and are hoping for poor earnings reports to bail them out tonight.
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