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Reply #64: GWB wants to throw rocks at your windows. [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-15-08 01:01 PM
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64. GWB wants to throw rocks at your windows.
Maybe a total non sequitur will liven things up a bit.

2:00
Dow 12,937.46 Up 39.08 (0.30%)
Nasdaq 2,519.50 Up 22.80 (0.91%)
S&P 500 1,415.34 Up 6.68 (0.47%)
10-Yr Bond 3.862% Down 0.076

NYSE Volume 2,201,516,750
Nasdaq Volume 1,342,804,000

1:30 pm : The stock market is trading near session highs as crude oil prices fall 1.8%.

Eight of the ten economic sectors at trading at or near their session peak. Meanwhile, energy (-0.2%) and materials (+0.5%) have been trending lower, and are now trading near their session troughs.

There has been notable strength within large-cap tech names, as the Nasdaq 100 advances 1.2%. Heavyweights Microsoft (MSFT 30.38, +0.45), Apple (AAPL 188.51, +2.25) and Qualcomm (QCOM 44.83, +0.70) are lending support.DJ30 +49.50 NASDAQ +23.14 SP500 +6.81 NASDAQ Dec/Adv/Vol 1154/1621/1.23 bln NYSE Dec/Adv/Vol 1167/1864/588 mln

1:00 pm : The stock market made a nice move higher, but has taken a step back. Buying picked up after the Department of Energy announced natural gas inventories were greater than analysts had forecast.

The energy sector (+0.2%), which had been a session leader, took a dive on the news.

Crude prices also reversed course. Oil had been trading above $125 per barrel for the session, but is now below $123 per barrel. For the session, oil is down roughly 1.6%.DJ30 +36.15 NASDAQ +21.24 SP500 +6.30 NASDAQ Dec/Adv/Vol 1150/1606/1.12 bln NYSE Dec/Adv/Vol 1154/1849/520.53 mln
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