Market Summary 10-17-07

Index	Last	Change	% Chg
DJ Industrials	13892.54	-20.4	-0.15%
Nasdaq Comp	2792.67	28.76	1.04%
S&P 500	1541.24	2.71	0.18%
DJ Wilshire 5000	15577.43	32.49	0.21%
Russell 2000	824.89	1.54	0.19%
Nasdaq 100	2179.14	28	1.30%

Issues	NYSE	Nasdaq	Amex
Advancing	1,688	1,541	626
Declining	1,580	1,410	579
Unchanged	119	136	99
Total	3,387	3,087	1,304
New 52 Week High	138	98	55
New 52 Week Low	103	121	18
Total Volume	1,422,731,120	2,407,803,856	44,292,143
Advancing Vol.	697,140,410	1,680,661,532	25,288,850
Declining Vol.	709,567,210	694,630,408	17,103,593
Unchanged Vol.	16,023,500	32,511,916	1,899,700

Futures	Last	Change
Crude Oil	87.2	-0.41
Natural Gas, Jan	8.435	0.16
Gold, Dec.	759.6	-2.4

From Briefing.com:

Moving the Market		Sector Watch
Good earnings reports, led by tech companies Sept. Core CPI up 0.2%, in line with estimates Housing starts for September plunge 10.3% Oil prices		Strong: Internet software; semi equipment; semis; IT consulting; computer storage & peripherals; motorcycle mfg.; railroads; industrial REITs; steel; aluminum Weak: gold; fertilizer & agricultural chemicals; homebuilding; thrifts & mortgage; education services; oil refining; home improvement retail; autos; personal products; oil services

16:25 ET	Dow -20.40 at 13892.54, Nasdaq +28.76 at 2792.67, S&P +2.71 at 1541.24
	[BRIEFING.COM] It was a peculiar day of trading on Wednesday as the stock market staged a nice rally in the early-going on the back of several pleasing earnings reports. However, buying interest soon faded and the indices fell back into negative territory in a broad-based retreat before making a late comeback effort. At the end of the day, the stock market was mixed. The final standings, though, belie the roller coaster action that saw the Dow, Nasdaq and S&P swing as many as 237, 49 and 25 points, respectively, between their morning highs and their afternoon lows. Better than expected earnings news from the likes of Intel (INTC 26.72, +1.24), Yahoo! (YHOO 28.82, +2.13), Seagate (STX 27.01, +0.56), Coca-Cola (KO 59.09, +1.33), CSX Corp. (CSX 45.34, +2.51), Altria Group (MO 70.98, +0.24), and JPMorgan Chase (JPM 46.37, +1.26) helped set the favorable tone in the early-going. The market, though, couldn't hold that bid. Another lousy report on housing starts, which fell 10.3% in September to a 14-year low, and another jump in oil prices to $89.00, which followed news that the Turkish Assembly backed a possible incursion into Iraq, undid the bullish bias. As it became apparent that the early gains weren't holding, selling efforts picked up in a disappointment trade. News that the IMF cut its global growth forecast and the mention of a decelerating economy in the Fed's Beige Book report provided added excuses to continue this week's profit taking. Selling efforts ultimately dissipated with the tech sector (+1.5%) continuing to exhibit relative strength. Its outperformance was driven by the reassuring reports from Intel and Yahoo!, although Dow component IBM (IBM 115.78, -3.82) was left out in the cold as its in-line report and concerns about softness in financial services demand fueled selling interest in its stock. United Technologies (UTX 76.80, -2.85) was the other big drag on the Dow. Although the industrial company beat consensus third quarter estimates, the indication that it expects 2008 to be a challenging year took some shine off the results. Wal-Mart (WMT 45.99, +0.13) was a helpful influence in the final hour of trading as its stock rebounded following a Goldman Sachs upgrade to Buy from Neutral. The final standing of the 10 economic sectors reflects Wednesday's mixed showing as five sectors ended higher while five sector ended lower. Separately, the volatility in the stock market aided the Treasury market as did the reports of weakness in the housing sector and some supportive inflation data. Before the open, it was reported that core-CPI rose 0.2% in September. That was in line with expectations and marked the fourth straight 0.2% increase, leaving the year-over-year rate at a palatable 2.1%.