| Index | Close | Change | Change % |
| DJ Industrials | 13778.65 | 19.59 | 0.14 |
| Nasdaq | 2683.45 | 15.50 | 0.58 |
| S&P 500 | 1517.21 | -0.52 | -0.03 |
| Russell 2000 | 803.00 | -2.80 | -0.35 |
| Nasdaq 100 | 2076.83 | 19.58 | 0.95 |
| | Last | Chg |
| Crude Oil | 79.35 | -1.60 |
| Natural Gas | 7.099 | -0.069 |
| Gold, Dec | 738.5 | -0.8 |
| Issues | NYSE | Nasdaq | Amex |
| Advances | 1,339 | 1,309 | 480 |
| Declines | 1,936 | 1,666 | 701 |
| Unchanged | 112 | 118 | 108 |
| | | | |
| New Highs | 79 | 64 | 33 |
| New Lows | 102 | 88 | 28 |
Like yesterday, the Nazz-100 is the buoy for the market with large cap tech holding down the fort.
From Briefing.com:
Strong: health care technology; education services; IT consulting; multi-sector holdings; drug retail; application software; fertilizer & agricultural chemicals; aerospace & defense; computer hardware; communication equipment
Weak: general merchandise; home furnishings; home improvement retail; office REITs; dept. stores; oil refining; retail REITs; real estate mgmt. development; household appliances; industrial REITs
News:
Disappointing earnings from Lennar and Lowe's
Target cuts September same store sales forecast
GM-UAW strike overhang
Oil prices drop below $80
Existing home sales in August fell 4.3%
Consumer confidence index dropped to 99.8 from 105.6 in August
Strength in the technology sector (+1.0%) acted as an effective offset that limited the broader market's losses. Once again, participants were favoring large-cap issues like Apple (AAPL 153.18, +4.90), Research In Motion (RIMM 96.82, +2.32), Microsoft (MSFT 29.56, +0.48) and Cisco (CSCO 32.44, +0.56) given their favorable growth outlook.
The Nasdaq 100 ended the session up 1.0%.
Outside of the technology and consumer discretionary sectors, there weren't any other 1.0% movers. The financial sector (-0.3%), though, was a notable laggard as concerns about the economic environment and broad-based weakness in the REIT stocks weighed on its performance.
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