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Reply #31: 10:05 EST numbers and blather (WHEE!) [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-01-05 09:06 AM
Response to Reply #28
31. 10:05 EST numbers and blather (WHEE!)
Dow 10,506.20 +38.72 (+0.37%)
Nasdaq 2,078.26 +10.04 (+0.49%)
S&P 500 1,196.83 +5.33 (+0.45%)
10-Yr Bond 3.954 -0.52 (-1.30%)

NYSE Volume 230,131,000
Nasdaq Volume 266,222,000

10:00AM: Equities continue to run in place just above the flat line as sector leadership remains mixed... Energy has paced the way higher, as oil prices trade at three-week highs, while strength in chemicals and aluminum has prompted a modest rebound in the Materials sector... Retail has also shown relative strength, following May comps and reaffirmed Q2 guidance from Kohl's (KSS 50.48 +1.79), while Internet stocks have caught a bid after CSFB raised its price target on Google (GOOG 283.61 +6.34) to $350...

Telecom Services, however, has been modestly weak amid a 1.8% sell-off in Qwest (Q 3.85 -0.07) while Technology has been mixed, with gains in hardware and networking offsetting losses in software and semiconductor... Separately, May ISM index checks in at 51.4 (consensus 52.2) while construction spending checks in up 0.5% (consensus +0.6%), providing a modest lift to the indices... NYSE Adv/Dec 1288/1046, Nasdaq Adv/Dec 1287/979
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