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Reply #36: 9:59 EST moving down again [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-05 09:00 AM
Response to Reply #34
36. 9:59 EST moving down again
Edited on Thu Jul-07-05 09:00 AM by UpInArms
Dow 10,196.87 -73.81 (-0.72%)
Nasdaq 2,054.65 -14.00 (-0.68%)
S&P 500 1,186.45 -8.49 (-0.71%)

10-Yr Bond 4.011 -0.64 (-1.57%)

NYSE Volume 241,944,000
Nasdaq Volume 280,062,000

9:40AM: Stocks open lower across the board as markets worldwide have been hammered after several explosions rocked London's financial district earlier this morning... Perhaps minimizing some of the broad-based losses have been lower bond yields, as flight-to-quality buying has provided a floor of buying support for Treasurys, and falling oil prices ($60.61/bbl -$0.67), as traders have locked in early profits (above $62/bbl) amid worries today's bomb blasts may slow travel...

9:15AM: S&P futures vs fair value: -12.5. Nasdaq futures vs fair value: -14.0. Futures market well off its lows but still trade below fair value, indicating the major indices will open on a downbeat note... Meanwhile, bonds have slipped from their highs, as benchmark yields are back above 4.0%, while oil prices ($60.65/bbl -$0.63) have rebounded somewhat ahead of today's weekly inventories report (10:30 ET)
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