Reply #67: 2:18 EST red numbers and numbing blather

[UpInArms]

Dow 11,263.41 -11.12 (-0.10%)
Nasdaq 2,312.34 -1.77 (-0.08%)
S&P 500 1,301.32 -3.76 (-0.29%)
10-Yr Bond 4.725 +0.69 (+1.48%)

NYSE Volume 1,439,954,000
Nasdaq Volume 1,661,645,000

2:00 pm : Over the past half hour, the market has pared gains. The Dow and Nasdaq are clinging to gains, but the S&P has fallen into the red. Six of the ten economic sectors are now booking losses, and leadership has faded. Tech (+0.6%) continues to fare best and is the market's strongest source of support, but its afternoon gain has been halved. At the same time, bargain hunting across the Energy sector (+0.3%) has subsided; that sector's gain has similarly been well-pared. The Industrials (+0.2%) and Telecom (+.03%) sectors are also maintaining positive footing, but their modest advances are having minimal effects on the broader market. Rising yields continue to give traders a reason to secure profits across the Financial sector, and its 0.4% loss is weighing heavily.DJ30 +4.40 NASDAQ +3.48 SP500 -1.90 NASDAQ Dec/Adv/Vol 1452/1483/1.49 bln NYSE Dec/Adv/Vol 1724/1482/887.8 mln

1:30 pm : The indices are sustaining moderate gains. Semiconductors remain the muscle behind the market. That area has been under some recent pressure, but renewed buying interest has taken each of the S&P 500's semi stocks significantly higher. The Philadelphia Semiconductor Index, meanwhile, has registered a 2.1% gain. As mentioned earlier, strength in Intel (INTC 20.12 +0.50) is helping to support the Dow. Within the blue chip average, IBM (IBM 84.73 +1.15) General Motors (GM 21.65 +0.80), Merck (MRK 36.06 +0.40), McDonald's (MCD 35.13 +0.40) are other particularly bright spots. DJ30 +37.06 NASDAQ +11.39 SP500 +2.44