S&P 500 1,274.08 +.25%
DJIA 11,225.30 +.66%
NASDAQ 2,155.09 +.08%
Russell 2000 720.64 +.11%
Wilshire 5000 12,827.78 +.22%
S&P Barra Growth 588.32 +.33%
S&P Barra Value 684.19 +.17%
Morgan Stanley Consumer 612.39 +.36%
Morgan Stanley Cyclical 824.10 -.08%
Morgan Stanley Technology 489.08 -.03%
Transports 4,885.37 -.73%
Utilities 413.84 -.45%
Put/Call .80 -39.85%
NYSE Arms 1.13 -5.33%
Volatility(VIX) 13.65 -3.53%
ISE Sentiment 181.00 +12.42%
US Dollar 85.35 -.29%
CRB 352.86 +.86%
Futures Spot Prices
Crude Oil 74.90 -.32%
Unleaded Gasoline 224.90 -.44%
Natural Gas 5.68 +.26%
Heating Oil 205.40 -.37%
Gold 635.20 -.17%
Base Metals 228.23 +5.23%
Copper 355.80 -1.63%
10-year US Treasury Yield 5.18% -.71%
Leading Sectors
Tobacco +1.82%
Gold & Silver +1.17%
HMOs +1.10%
Lagging Sectors
Utilities -.45%
Software -.91%
Oil Service -1.75%
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:
- Home Depot(HD) may resume reporting same-store sales after dropping the figure during last quarter’s earnings report, CEO Nardelli said on CNBC.
- Altria Group(MO) will probably spin off its Kraft Foods unit within months after a Florida court handed down a ruling favoring the tobacco industry.
- “Google(GOOG),” a term synonymous with searching the Internet, will be included in the next edition of the Merriam-Webster dictionary.
- Mexico’s former Energy Minister Felipe Calderon won a recount of votes in a presidential race that may not be decided for weeks because of a likely court challenge by rival Andres Manuel Lopez Obrador.
Financial Times:
- Burberry Group Plc plans to open new stores in the US states of Kansas, Indiana and Ohio as part of an overseas expansion.
BOTTOM LINE: The Portfolio finished slightly higher today on gains in my Biotech longs, Internet longs and Energy-related shorts. I added to an existing short and long in the final hour, thus leaving the Portfolio 75% net long. The tone of the market was slightly positive today as the advance/decline line finished modestly higher, most sectors rose and volume was below average. Measures of investor anxiety were lower into the close. Overall, today's market performance was mildly bullish ahead of tomorrow’s jobs report. I expect job creation for June to come in modestly above estimates of 170,000. I would be very surprised to see job creation above 300,000. The 10-year yield should fall slightly on this report, which will likely boost stocks.
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