Reply #58: 3:19 EST numbers and blather

[UpInArms]

Dow 10,561.08 -25.15 (-0.24%)
Nasdaq 2,176.19 -2.05 (-0.09%)
S&P 500 1,220.62 -2.19 (-0.18%)
10-Yr Bond 4.563 -0.76 (-1.64%)

NYSE Volume 1,547,994,000
Nasdaq Volume 1,352,611,000

3:00PM: Indices continue to chalk up losses in the absence of spirited leadership from a number of blue chips. On the Dow, General Motors (GM 25.95 -0.80) remains the day's worst performing component while Home Depot (HD 40.59 -0.91), up 10% since bottoming out on Oct. 5, has traded lower in sympathy to TOL's disappointing outlook. Of the 12 components trending higher, SBC Communications (SBC 23.65 +0.24), benefiting from reports that S&P will raise AT&T's debt ratings following SBC's acquisition, is the only one gaining more than 1.0%.NYSE Adv/Dec 1201/2025, Nasdaq Adv/Dec 1150/1814

2:30PM: Major averages show some resilience even as oil prices approach $60/bbl heading into the close of commodities trading. Perhaps the realization that prices have fallen 14% over the last month, due in part to milder weather forecasts alleviating concerns about rising demand for heating-fuel, has kept oil's modest recovery in check. NYSE Adv/Dec 1229/1959, Nasdaq Adv/Dec 1165/1779