Reply #57: A splash of red to end the day

[54anickel]

Wonder what the blather will say?

Dow 10,212.97 -5.85 (-0.06%)
Nasdaq 1,960.02 -7.15 (-0.36%)
S&P 500 1,108.03 -1.16 (-0.10%)
30-yr Bond 4.770% +0.081

Have to wait on the blather.....

edit to add blather, wasn't really worth the wait...

Close: It was a choppy session from start to close, but the stock market finally settled just below the unchanged mark in a close that was still good enough for an up week for the Dow and Nasdaq... The S&P 500, however, finished the week with the slightest of losses as the majority of sectors traded in lopsided fashion... Today's market was a bit of a disappointment (to the bulls) considering the decent gains it secured in the afternoon and its inability to hold them in late-day trading...

To be fair, though, a good reason for that was the remarkable move higher the indices turned in yesterday (the largest point gain for the Nasdaq since March 2003)... As a result, buyers weren't feeling nearly as giving and showed select interest in stocks... Energy, gold, and health care distributor (the latter on account of a Goldman Sachs upgrade of Cardinal Health (CAH 67.35 +3.40) and McKesson (MCK 29.49 +1.23) to Outperform from In-line) were the standouts of the day, with semiconductor, drug, and biotech declining significantly... The day's economic data were fairly encouraging, although they did not affect the course of trading noticeably...

February Personal Income and Spending checked in at 0.4% (consensus of 0.3%) and 0.2% (consensus of 0.5%), respectively, and the revision to March Consumer Sentiment was slightly larger - at 95.8 - than expected...