You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #36: 1:44 post lunch check-in, and all is well [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-20-04 12:47 PM
Response to Original message
36. 1:44 post lunch check-in, and all is well
Dow 10,096.49 +55.67 (+0.55%)
Nasdaq 1,833.67 +13.78 (+0.76%)
S&P 500 1,097.43 +6.20 (+0.57%)
10-yr Bond 4.211% N/A
30-yr Bond 5.021% -0.002

NYSE Volume 678,076,000
Nasdaq Volume 793,049,000

1:30PM: Equities pause around their best levels, digesting the gains from the past hour... Although a 39, 7, and 4 point move on the Dow, Nasdaq, and S&P 500 doesn't qualify as a big move in an absolute sense, it stands out in today's session given the slim trading range... Seeing the market's ability to hold resolutely in positive territory, more buyers have come into the fray..., however, would caution investors against seeing a large, broad-based session in today's action...
The impending weekend, Iraq's turmoil, and a fear the market's 'oversold bounce' might be over is apt to keep enthusiasm in check...NYSE Adv/Dec 2169/975, Nasdaq Adv/Dec 1900/1013

1:00PM: Buyers continue to pick up stocks as the indices extend their lead... Financial - an influential sector comprising 21% of the S&P 500 - has been one of the best groups this session as areas like brokerage and regional banking have marched 0.5% higher... Technology, conversely, has lagged behind and only managed a 0.2% gain... Semiconductor continues to hold that area back, although internet has done its best to keep tech well bid... Google (GOOG 102.98 +2.65) has continued to rise after its first day of gains (+18%)...

At this rate, the stock is starting to approach the IPO price range ($108-135) first intended by owners as day traders continue to flock to shares...NYSE Adv/Dec 2030/1076, Nasdaq Adv/Dec 1821/1061

12:25PM: Market edges higher some, nearing session highs in the process... Most sector groups have joined in the advance, with every single S&P industry moving higher with the exception of consumer staple... The area, popularly known for its defensive-oriented stocks, has lagged behind the broader market during this week's uptick...In keeping with regular trading patters, growth-oriented shares tend to disproportionately react to broad up or downswings in the market, while defensive-oriented issues tend to 'under-react'...

This can explain why stocks like household product or beverage performed relatively well during the 200-2002 retreat...NYSE Adv/Dec 1969/1077, Nasdaq Adv/Dec 1779/1070

12:00PM : Major indices have turned in a morning of gains, albeit very slim ones, as worries about oil, terrorism, and earnings continue to hang over the market... Crude oil rose as high as $49/bbl this morning (futures contracts are trading below that now) as worries were re-awakened about the Mideast region... Fighting in Najaf persisted overnight, and although witnesses said rebel forces have removed their weapons, traders remain worried about the potential of weekend violence...

That can partially explain the lack of upside momentum in the market, although the simultaneous expiration of options also plays into that... Energy has been the standout group today (+1%) off the oil gains and a Lehman Brothers upgrade of the Oil Service and Drilling group to Positive from Neutral... Brokerage, homebuilding, airline, and material have also performed well and kept the indices above the unchanged mark... Retail, however, has shown relative weakness - no doubt owing to the somewhat disappointing Q2 (July) reports from Gap Inc (GPS 20.50 +0.35) and Nordstrom (JWN 37.00 -3.56) last night...NYSE Adv/Dec 1996/1049, Nasdaq Adv/Dec 1763/1047

11:30AM : Equities continue to trade in slightly higher territory as most sectors sport modest gains... Investors, however, continue to be troubled by geopolitical fears and this has curbed the extent of the climb higher... Gold futures have pushed to a 4-month high as fighting in Iraq persists... Witnesses have said that militiamen loyal to rebel Shiite cleric Muqtada al-Sadr have removed their weapons from Imam Ali Shrine in Najaf, but US forces - cognizant this could be a false report - remain ready for further attacks...NYSE Adv/Dec 1893/1058, Nasdaq Adv/Dec 1795/974

Printer Friendly | Permalink |  | Top
  -STOCK MARKET WATCH, Friday 20 August ozymandius  Aug-20-04 07:07 AM   #0 
  - WrapUp by Martin Goldberg  ozymandius   Aug-20-04 07:16 AM   #1 
  - 'Oil Shock' Has Some Economists Worried  54anickel   Aug-20-04 07:20 AM   #2 
  - When adjusted, oil is now $8 less per barrel than '91  NewYorkerfromMass   Aug-20-04 07:25 AM   #4 
  - what inflation?  UpInArms   Aug-20-04 07:29 AM   #7 
  - It's become another great tool to pull out to prove a point.  54anickel   Aug-20-04 07:57 AM   #12 
  - "For years" yes, but not for 25 years.  Frodo   Aug-20-04 07:58 AM   #13 
  - Well there HAS been inflation  RivetJoint   Aug-20-04 08:36 AM   #23 
  - Yes, I notice they make similar claims in nearly every article regarding  54anickel   Aug-20-04 07:47 AM   #10 
  - Oil Tops $49 On Renewed Iraq Violence  UpInArms   Aug-20-04 07:55 AM   #11 
     - Too much money to blame for rising price of oil, economists claim  54anickel   Aug-20-04 08:11 AM   #16 
        - A painfully refreshing bit of honesty here -  ozymandius   Aug-20-04 08:22 AM   #17 
  - When combined with the rising costs for health care, produce,....  Media_Lies_Daily   Aug-20-04 08:34 AM   #20 
  - Thanks MLD, that's what I was attempting to get across. You've  54anickel   Aug-20-04 08:43 AM   #25 
  - Cost of living index  NewYorkerfromMass   Aug-20-04 09:23 AM   #29 
  - Anyone have a graph to show the long-term oil price?  english guy   Aug-20-04 10:39 AM   #31 
     - here's a link to a chart for you  UpInArms   Aug-20-04 10:53 AM   #32 
  - Words to beware.  ozymandius   Aug-20-04 07:29 AM   #8 
  - CAFE standards? Heck no!!! The answer is in the *residents stinkin'  54anickel   Aug-20-04 08:04 AM   #15 
  - Global: Oil-Shock Assessment (Roach's cited article)  54anickel   Aug-20-04 08:34 AM   #21 
  - US economic barometer fell in July  ozymandius   Aug-20-04 07:23 AM   #3 
  - daily dollar watch  UpInArms   Aug-20-04 07:27 AM   #5 
  - Heh, lookie at gold! Heading up right along side the ol' buckaroo.  54anickel   Aug-20-04 07:58 AM   #14 
  - Trade gap darkens U.S. picture  54anickel   Aug-20-04 07:28 AM   #6 
  - Fleet layoffs call merger into question  UpInArms   Aug-20-04 07:36 AM   #9 
  - Bank of America almost destroyed me last December  progrocker69   Aug-20-04 08:34 AM   #22 
  - I wish I had a nickel for all the times Bank of America has done this  loudsue   Aug-20-04 11:35 AM   #33 
  - All mergers eliminate duplicated responsibilities, something which....  Media_Lies_Daily   Aug-20-04 08:38 AM   #24 
  - 20 billion in repurchase agreements yesterday! That's the most in a  54anickel   Aug-20-04 08:29 AM   #18 
  - What does that mean, 54anickel??  loudsue   Aug-20-04 11:37 AM   #34 
     - Didn't mean to leave you hanging there Loudsue  54anickel   Aug-20-04 12:43 PM   #35 
  - pre-opening blather  UpInArms   Aug-20-04 08:30 AM   #19 
  - 9:45 and they're off (and so am I for a few hours)  54anickel   Aug-20-04 08:47 AM   #26 
  - 9:56 and back in the black  Maeve   Aug-20-04 08:59 AM   #27 
  - must run for the day  ozymandius   Aug-20-04 09:21 AM   #28 
  - 10:44 EST numbers and blather  UpInArms   Aug-20-04 09:47 AM   #30 
  - 1:44 post lunch check-in, and all is well  54anickel   Aug-20-04 12:47 PM   #36 
  - ## PLEASE DONATE TO DEMOCRATIC UNDERGROUND! ##  DU GrovelBot   Aug-20-04 01:06 PM   # 
  - Bonds or gold - which market is wrong?  54anickel   Aug-20-04 01:06 PM   #37 
  - Contrary Bet on Oil Is Costly to Year-Old Hedge Funds  54anickel   Aug-20-04 01:15 PM   #38 
  - BOGUS PHONE MESSAGE USED TO PUMP UP STOCKS  54anickel   Aug-20-04 01:23 PM   #39 
  - 2:24 EST numbers and blather (calls must be working!)  UpInArms   Aug-20-04 01:28 PM   #40 
     - Care to place a wager on whether or not they pull some chips off the  54anickel   Aug-20-04 01:37 PM   #42 
        - I'm keeping an eye on it today.  Why   Aug-20-04 01:45 PM   #44 
        - I'd wager that they're going to let the  UpInArms   Aug-20-04 02:02 PM   #45 
           - Thinking you're probably right on that one. Forgot about the no news  54anickel   Aug-20-04 02:21 PM   #50 
  - Gold/Oil Ratio Extremes  54anickel   Aug-20-04 01:34 PM   #41 
  - New oil highs spark gold rush  54anickel   Aug-20-04 01:41 PM   #43 
  - 3:03 EST numbers and blather (all is well)  UpInArms   Aug-20-04 02:05 PM   #46 
  - Stocks Edge Higher As Oil Prices Fall  54anickel   Aug-20-04 02:11 PM   #48 
  - U.S. stocks push higher as oil prices pull back sharply  54anickel   Aug-20-04 02:31 PM   #51 
  - The Wanna-Be State (linked at 321gold, again)  54anickel   Aug-20-04 02:06 PM   #47 
  - Gene therapy turns slobs into workaholics (I NEED THIS!!!!)  54anickel   Aug-20-04 02:17 PM   #49 
  - Big finish  54anickel   Aug-20-04 04:11 PM   #52 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC