Reply #25: 2:03 EST numbers, blather and the buck

[UpInArms]

Dow 10,838.58 +22.69 (+0.21%)
Nasdaq 2,162.45 +5.42 (+0.25%)
S&P 500 1,211.46 +1.89 (+0.16%)
10-Yr Bond 4.218 +0.17 (+0.40%)

NYSE Volume 659,703,000
Nasdaq Volume 1,016,942,000

1:30PM: Stocks continue to trade sideways as bonds close near their lows... Action in treasuries was largely dependant on position squaring heading into the holiday weekend as traders who had yet to close their books have now done so... And, although a strong November durables reading added some early volatility, the bulk of today's economic data was unable to add much else, as the 10-year note closed down 5 ticks yielding 4.21%...NYSE Adv/Dec 1789/1376, Nasdaq Adv/Dec 1639/1388

1:00PM: Little changed since the last update as leadership from a number of blue chips keeps the indices in positive territory... Pfizer (PFE 26.43 +0.48) remains the biggest winner on the Dow, with rival Merck (MRK 32.48 +0.26) also extending yesterday's gains, touching 2 1/2 month highs... 3M (MMM 82.61 +1.10) has also shown strength, after Goldman Sachs maintained an Outperform rating and said 3M remained its best idea, while Citigroup (C 48.80 +0.49), Honeywell (HON 35.96 +0.33) and American International Group (AIG 66.39 +0.45) have also seen intra-day gains of more than 1%...NYSE Adv/Dec 1807/1316, Nasdaq Adv/Dec 1633/1332

12:30PM: More of the same as the market continues to show strong follow through after two days of gains... Falling even further, however, has been the dollar, as traders believe the U.S. government's hands-off policy on intervention will continue to pressure the currency... A rise overnight in the euro has helped push the greenback to another record low (1.3487)... Even though currency trading today, as expected, has been light and less liquid, with the Japanese markets closed for holiday, the dollar remains near recent lows against the yen (103.73) as well...

Last trade 81.46 Change -0.47 (-0.57%)

Settle 81.93 Settle Time 23:36

Open 81.78 Previous Close 81.93

High 81.98 Low 81.39