S&P 500 1,420.63 -.11%
DJIA 12,490.78 +.03%
NASDAQ 2,441.09 +.23%
Russell 2000 793.09 +.63%
Wilshire 5000 14,296.03 +.01%
Russell 1000 Growth 560.91 +.02%
Russell 1000 Value 816.46 -.14%
Morgan Stanley Consumer 705.06 +.12%
Morgan Stanley Cyclical 917.27 -.04%
Morgan Stanley Technology 560.97 +.13%
Transports 4,763.82 +1.08%
Utilities 451.20 -.11%
Put/Call .91 -4.21%
NYSE Arms 1.26 +3.22%
Volatility(VIX) 11.49 +3.23%
ISE Sentiment 156.0 +6.12%
US Dollar 85.12 -.13%
CRB 290.92 -1.67%
Futures Spot Prices
Crude Oil 53.96 -2.63%
Reformulated Gasoline 144.0 -2.93%
Natural Gas 6.92 -3.60%
Heating Oil 155.03 -2.58%
Gold 648.50 -.46%
Base Metals 227.11 -1.83%
Copper 253.50 -4.0%
10-year US Treasury Yield 4.89% +.30%
Leading Sectors
Foods +2.71%
Airlines +2.13%
Alternative Energy +1.51%
Lagging Sectors
Oil Service -.77%
I-Banks -1.16%
Gold & Silver -1.82%
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:
- Crude oil fell more than a $1.40/bbl. back to $53.91 after Saudi Arabia made comments that they are happy with $50/bbl. oil.
- Corn prices fell to a two-week low in Chicago on speculation that President Bush will propose incentives for farmers to increase crop production to ensure adequate supplies for food and energy demand.
- US coal production will reach 1.17 billion tons in 2007, the third consecutive year of record output, the National Mining Assoc. said.
- Copper fell 4% in NY on worries over inventories in London approaching a three-year high.
- Microsoft’s(MSFT) latest marketing campaign is as large as life. The software maker will install a 250-foot wall of 70-inch plasma televisions in NY’s JFK Intl. Airport and a series of 10-foot-high laptop computers in German train stations.
- Latin stocks fell for a third day as a decline in oil prices raised concerns that profits will be less than expected at Petroleo Brasileiro SA and Mexican companies dependent on government oil revenue.
Wall Street Journal:
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CNBC:
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Cnet’s News.com:
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Miami Herald:
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Financial Times:
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Nikkei English News:
- The Tokyo Stock Exchange will tomorrow announce a partnership with NYSE Group(NYX) to develop exchange-traded funds and simplify listing requirements.
Dow Jones:
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AP:
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Boersen-Zeitung:
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BOTTOM LINE: The Portfolio finished slightly higher today on gains in my Retail longs, Medical longs and Commodity shorts. I did not trade in the final hour, thus leaving the Portfolio 100% 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 about average. Measures of investor anxiety were mostly higher into the close. Today's overall market action was neutral. The 10-year yield finished 1 basis points higher. I will closely monitor its reaction to likely more strong economic data this week. Oil and nat gas are near session lows, falling 2.6% and 3.6% respectively. Nat gas storage is over 80% of capacity, a record for this time of year. As well, liquefied nat gas imports to the U.S. are projected to soar this year. I suspect the massive investment fund speculation on the commodity will subside as the fundamentals continue to weaken substantially. Today's trading was choppy and mostly directionless in the broad market ahead of numerous potential market-moving events.
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