Thursday's US Market Wrap

by: Between the Hedges

From Between the Hedges: >

Stocks Finish Only Slightly Lower after Late-day Rally


Indices
S&P 500 1,289.14 -.16%
DJIA 11,025.51 -.25%
NASDAQ 2,311.11 -.15%
Russell 2000 740.16 -.30%
Wilshire 5000 13,002.67 -.13%
S&P Barra Growth 609.34 -.17%
S&P Barra Value 676.32 -.15%
Morgan Stanley Consumer 603.10 -.41%
Morgan Stanley Cyclical 792.26 -.72%
Morgan Stanley Technology 542.88 +.30%
Transports 4,482.05 -.71%
Utilities 411.66 -.04%
Put/Call .96 +35.21%
NYSE Arms .95 +31.54%
Volatility(VIX) 11.72 +1.56%
ISE Sentiment 171.00 +12.50%
US Dollar 89.55 -.74%
CRB 329.21 +1.35%

Futures Spot Prices
Crude Oil 63.51 +.24%
Unleaded Gasoline 169.90 +.38%
Natural Gas 6.76 +.04%
Heating Oil 181.50 +.56%
Gold 571.60 %
Base Metals 169.09 +2.35%
Copper 226.75 unch.
10-year US Treasury Yield 4.62% +.95%

Leading Sectors
Gold & Silver +2.67%
Oil Service +2.39%
Energy +1.49%

Lagging Sectors
Gaming -1.06%
Retail -1.20%
Airlines -1.33%

Evening Review
Detailed Market Summary
Market Gauges
Daily ETF Performance
Style Performance
Market Wrap CNBC Video(bottom right)
S&P 500 Gallery View
Economic Calendar
Timely Economic Charts
GuruFocus.com
PM Market Call
After-hours Movers
Real-time/After-hours Stock Quote
In Play

Afternoon Recommendations
Goldman Sachs:
- Reiterated Outperform on (NYSE:WCC).

Afternoon/Evening Headlines
Bloomberg:
- Chevron Corp.(NYSE:CVX) said it acquired five oil sands leases, boosting its holdings in the Athabasca region of northern Alberta.
- Google Inc.(NYSE:CEO) Schmidt said he sees no limit to the Internet search engine’s ability to increase advertising revenue, a bullish outlook that allayed investor concerns about slowing growth.
- Fidelity Investments, the world’s largest mutual fund company, said earnings rose 20% last year, helped by rising stock prices and its brokerage business.
- The US Senate voted 89-10 to renew the USA Patriot act, ending a 2 1/2 –month stalemate over the law that gave the FBI expanded powers to investigate terrorism suspects after the Sept. 11 attacks.
- Crude oil rose as speculation increased that OPEC would cut production after the President of the group warned of a potential “dramatic

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