Reply #105: 3:45 EST and riding 'em high!

[UpInArms]

Dow 10,397.01 +111.75 (+1.09%)
Nasdaq 2,085.80 +29.80 (+1.45%)
S&P 500 1,193.32 +15.18 (+1.29%)
10-Yr Bond 4.463 -0.18 (-0.40%)

NYSE Volume 2,386,930,000
Nasdaq Volume 1,707,621,000

3:30PM: Approaching the closing bell, the major averages continue to move further north and again reach new levels. Presently, 22 of the Dow's 30 components are trending higher, and, of the balance, only three post declines in excess of 1.0%. While all but one sector extend gains, it's the 1.6% offered by the Financial sector that pushes the market higher. Banks are the specific area of strength, attracting buyers following another round of earnings reports from the industry. Today's reporters included JP Morgan (JPM 34.55 +0.78), Bank of America (BAC 42.21 +0.64), and Northern Trust (NTRS 52.26 +1.45) - all of which are on the rise - but virtually every issue within the segment and the sector currently trend positive. Brokers, in addition, have fueled the rise with a 2.2% late-day jump.NYSE Adv/Dec 1866/1393, Nasdaq Adv/Dec 1722/1276

3:00PM: Heading higher, each of the indices establish new session highs. While the Dow has outperformed both the S&P and Nasdaq over the course of the session, it has recently been outpaced by the tech-heavy Nasdaq. Technology has jumped 0.7%, driven by earnings-spurred surges in Yahoo (YHOO 35.69 +1.99) and Motorola (MOT 21.05 +0.88), as well on account of solid standing amid most of the sector's bellwethers. Intel (INTC 23.54 -0.18), still suffering the effect of its disappointing Q4 sales guidance, has pared much of its early loss and currently presents less of a drag on the sector than has been the case throughout the day. Still, though, semiconductors are off 0.6% and somewhat limit Tech's overall advance. NYSE Adv/Dec 1813/1431, Nasdaq Adv/Dec 1683/1284