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Reply #18: 11:02 numbers (really low volume today) [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-08-05 10:04 AM
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18. 11:02 numbers (really low volume today)
Dow 10,370.88 +68.59 (+0.67%)
Nasdaq 2,084.85 +9.19 (+0.44%)
S&P 500 1,203.80 +5.93 (+0.50%)
10-Yr Bond 40.42 +0.11 (+0.27%)

NYSE Volume 512,795,000
Nasdaq Volume 463,235,000

10:30AM: Major indices continue to strengthen but are showing little reaction to the latest economic report... At the top of the hour, May wholesale inventories rose just 0.1%, below an expected rise of 0.5% and a downward revision on April's rise to 0.7% (from 0.8%), as sales were flat to leave an unchanged inventory to sales ratio of 1.18 months... However, since the data say little about personal consumption, the report has gone relatively unnoticed by both stock and bond investors... NYSE Adv/Dec 1554/1202, Nasdaq Adv/Dec 1367/1154

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