S&P 500 1,414.85 +.19%
DJIA 12,442.16 +.21%
NASDAQ 2,459.33 +.63%
Russell 2000 778.87 +.07%
Wilshire 5000 14,186.96 +.24%
Russell 1000 Growth 560.12 +.49%
Russell 1000 Value 807.88 +.03%
Morgan Stanley Consumer 700.24 +.28%
Morgan Stanley Cyclical 894.0 +.33%
Morgan Stanley Technology 580.09 +.62%
Transports 4,641.47 +.19%
Utilities 448.90 +.14%
Put/Call .81 +3.85%
NYSE Arms .75 -52.36%
Volatility(VIX) 11.47 -3.69%
ISE Sentiment 103.0 -35.63%
US Dollar 85.08 +.39%
CRB 289.33 -.06%
Futures Spot Prices
Crude Oil 53.58 -3.70%
Reformulated Gasoline 142.40 -3.10%
Natural Gas 6.7 +1.42%
Heating Oil 151.90 -2.41%
Gold 612.20 -.46%
Base Metals 218.40 +1.69%
Copper 266.45 +4.24%
10-year US Treasury Yield 4.68% +.65%
Leading Sectors
Airlines +2.69%
Gaming +2.43%
Semis +1.76%
Lagging Sectors
Gold & Silver -1.16%
Oil Service -1.33%
Energy -1.58%
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:
- US holiday retail sale surged 5.1% as consumers hunted for last-minute items and spent their gift cards, ShopperTrak RCT Corp. said. The increase in November and December sales beat the high end of ShopperTrak’s forecast for a gain of as much as 5% despite record warm temperatures that damped clothing demand.
- Shares of XM Satellite Radio(XMSR) and Sirius Satellite Radio(SIRI) jumped after comments by executives fueled speculation about a possible combination.
- Genentech(DNA) said fourth quarter profit soared 75%, helping by surging sales of a new treatment for age-related vision loss and expanded use of the Avastin cancer drug.
- Shares of Las Vegas Sands(LVS) hit a record after Jeffries said the company was granted the rights to build a hotel complex on China’s Hengqin Island.
- Crude oil plunged to a 19-month low, closing below another key technical level, after the EIA showed US fuel inventories surged for a fourth week and record investment fund speculation for the commodity continued to subside.
- Federal Reserve Bank of Dallas President Richard Fisher said that recent inflation figures were encouraging and that he’s “very comfortable” with the current level of interest rates.
- Russia said it would soon resume oil shipments via Belarus to Europe.
Wall Street Journal:
- Northwest Airlines Corp. has been in talks with Delta Air over a potential merger.
San Francisco Chronicle:
- Members of the Yale University Baker’s Dozen singing group were attacked in San Francisco after singing “The Star-Spangled Banner” at a party. Three students from the New Haven, Connecticut, institution were injured, including one who had a broken jaw.
BOTTOM LINE: The Portfolio finished higher today on gains in my Semi longs, I-Banking longs, Computer longs, Internet longs and Energy-related shorts. I did not trade in the final hour, thus leaving the Portfolio 100% net long. The tone of the market was modestly positive today as the advance/decline line finished about even, sector performance was mostly positive and volume was above average. Measures of investor anxiety were mixed into the close. Today's overall market action was bullish. The 10-year yield finished 3 basis points higher, but remains stable. Oil closed floor-trading below the $55/bbl. level and continues to trade very poorly in the face of numerous potential upside catalysts. I still believe the commodity will fall much further than most expect as the record speculation that drove it to insane levels ends and many speculators jump on the downside bandwagon. More positive U.S. economic data, technology stock strength, the stabilization of base metal prices, the refusal of U.S. stocks to break down despite potential catalysts and some stabilization in Latin American stocks (Brazil and Mexico closed at daily highs) should lead to a rally in Asian markets tonight. This should, in turn, propel U.S. equities broadly higher tomorrow.
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