Reply #47: Joe Cocker now playing "With a Little Help from my Friends"

[UpInArms]

10:03 EST

Dow 10,260.69 -24.57 (-0.24%)
Nasdaq 2,047.95 -8.05 (-0.39%)
S&P 500 1,173.73 -4.41 (-0.37%)
10-Yr Bond 4.439 -0.42 (-0.94%)

NYSE Volume 316,677,000
Nasdaq Volume 264,471,000

adding blather on edit:

10:00AM: While inching off their opening level, each of the indices remain submerged. Leadership is altogether absent, with all ten of the economic sectors sitting well below the flat line. In the early going, it's the Utilities sector (-1.6%) that occupies the laggard seat. Yet again the target of profit-taking, each of the S&P's 33 utility issues are trending negative and helping to erase the sector's 9.8% year-to-date gain. Although Consumer Staples (-0.3%) currently trades on negative turf, relative strength in Altria (MO 72.85 +0.37) helps limit the sector's decline and leaves it as the best performer thus far. For its part, Altria beat Q3 EPS estimates by a nickel this morning, reporting $1.38 per share on stronger than expected revenues. NYSE Adv/Dec 625/1977, Nasdaq Adv/Dec 632/1742