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Reply #81: 2:08 EST numbers and blather [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-05 01:10 PM
Response to Original message
81. 2:08 EST numbers and blather
Edited on Thu May-19-05 01:11 PM by UpInArms
Dow 10,445.83 -18.62 (-0.18%)
Nasdaq 2,033.90 +3.25 (+0.16%)
S&P 500 1,185.80 +0.24 (+0.02%)
10-Yr Bond 4.099 +0.31 (+0.76%)


NYSE Volume 1,145,553,000
Nasdaq Volume 1,133,557,000

2:00PM: Major indices spike lower as a state of emergency is declared at Israel's international airport... Within the last 15 minutes, stocks have sold off amid reports about technical difficulties (i.e. landing gear/lights) on an inbound Airbus flight from Turkey... Even though the plane has landed safely in Israel, the market is still struggling to recoup recent losses...NYSE Adv/Dec 1917/1244, Nasdaq Adv/Dec 1588/1373

1:30PM: Market rebounds some but not nearly enough to make a significant change in the standings... Contributing to a modest swing in sentiment has arguably been renewed buying interest in the influential Financial sector, which has recently turned positive... Pacing the way higher has been Morgan Stanley (MWD 49.87 +0.95), which has reaffirmed its intention to appeal the recent Sunbeam verdict...

Yesterday, a Florida state court decided Morgan Stanley must pay Ronald Perelman $1.45 bln in punitive damages, an amount roughly equivalent to the value of Perelman's stake ($1.5 bln) in Coleman, which was sold to Sunbeam in 1998... NYSE Adv/Dec 1938/1190, Nasdaq Adv/Dec 1627/1300


I wonder if investors "want" to hold stock over the weekend? Sheesh!

(updated blather on edit)
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