S&P 500 1,229.03 -.38%
DJIA 10,596.48 -.51%
NASDAQ 2,166.74 -.60%
Russell 2000 670.99 -1.0%
DJ Wilshire 5000 12,258.72 -.42%
S&P Barra Growth 589.72 -.38%
S&P Barra Value 634.92 -.37%
Morgan Stanley Consumer 584.39 -.37%
Morgan Stanley Cyclical 756.85 -.21%
Morgan Stanley Technology 496.22 -.51%
Transports 3,732.08 -1.27%
Utilities 391.99 -.24%
Put/Call .79 -1.25%
NYSE Arms 1.19 +17.29%
Volatility(VIX) 11.10 +5.51%
ISE Sentiment 169.00 +5.63%
US Dollar 89.57 -.08%
CRB 305.29 +.34%
Futures Spot Prices
Crude Oil 57.59.05 +.68%
Unleaded Gasoline 169.93 -1.66%
Natural Gas 7.33 -.66%
Heating Oil 160.90 +1.71%
Gold 425.70 +.16%
Base Metals 124.47 +.13%
Copper 161.30 +.59%
10-year US Treasury Yield 4.24 +.61%
Leading Sectors
Oil Service +.98%
Energy +.86%
Broadcasting +.47%
Lagging Sectors
Biotech -1.41%
Steel -2.12%
Homebuilders -2.56%
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.
Banc of America:
- Downgraded LM to Sell.
Afternoon/Evening Headlines
Bloomberg:
- US Federal research dollars to colleges and universities rose by 13.1% and hit their highest levels since 1985, according to the latest National Science Foundation statistics released last week.
- The Chicago Merc has overtaken Deutsche Boerse as the world’s most valuable financial market following a surge in the US exchange’s shares.
- The SEC is considering civil action against Fidelity Investments for violating rules on accepting gifts from brokers.
- Brazil’s currency had its biggest slide since October 2002 and stocks and bonds tumbled on concern President Luiz Inacio Lula da Silva may be drawn into an investigation of alleged government corruption.
- President Bush may consider bypassing the Senate by appointing John Bolton as UN ambassador on a temporary basis if Democrats continue to hold up a vote on his nomination.
Financial Times:
- Pakistan has destroyed al-Qaeda’s command and control system in the country and captured 700 fighters, citing President Pervez Musharraf.
BOTTOM LINE: The Portfolio finished slightly lower today on losses in my Internet, Biotech and Homebuilding longs. I exited my QQQQ long in the afternoon and took profits in a couple of other longs, thus leaving the Portfolio 75% net long. The tone of the market was negative today as the advance/decline line finished lower, most sectors fell and volume was light. Measures of investor anxiety were mixed into the close. Overall, today’s market action was neutral slightly negative. Stocks are responding well to earnings reports after-hours. I expect consumer confidence to modestly exceed expectations tomorrow which could also boost shares.
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