| Index | Last | Change | % Chg |
| DJ Industrials | 13566.97 | 44.95 | 0.33% |
| Nasdaq Comp | 2753.93 | 28.77 | 1.06% |
| S&P 500 | 1506.33 | 5.7 | 0.38% |
| DJ Wilshire 5K | 15247.75 | 73.26 | 0.48% |
| Russell 2K | 810.08 | 11.29 | 1.41% |
| Nasdaq 100 | 2157.45 | 26.37 | 1.24% |
| Issues | NYSE | Nasdaq | Amex |
| Advancing | 1,785 | 1,781 | 524 |
| Declining | 1,461 | 1,191 | 729 |
| Unchanged | 114 | 105 | 102 |
| Total | 3,360 | 3,077 | 1,355 |
| New 52 Wk Hi | 25 | 62 | 24 |
| New 52 Wk Lo | 176 | 305 | 35 |
| Total Volume | 1,397,095,330 | 2,029,944,625 | 55,702,268 |
| Advancing Vol | 838,251,880 | 1,533,894,554 | 24,266,498 |
| Declining Vol | 544,767,250 | 479,451,156 | 23,930,170 |
| Unchanged Vol | 14,076,200 | 16,598,915 | 7,505,600 |
| Futures | Last | Change |
| Crude Oil | 87.6 | -1.04 |
| Natural Gas, Dec | 7.541 | -0.187 |
| Gold, Dec. | 757.9 | -10.5 |
From Briefing.com:
| Moving the Market |  | Sector Watch |
| Financial sector exhibits relative strength Stock market shows resilience to early selling efforts Bottom-fishing buying interest | Strong: homebuilding; insurance brokers; ; home furnishings; health care tech; office electronics; household appliances; specialty stores; real state mgmt. development; life & health insurance; dept. stores Weak: forest products; div. metals & mining; tires & rubber; oil service; electronic equip. mfg.; gold; integrated oil; casinos; oil & gas exploration; fertilizer & agricultural chemicals |
Monday was a day that traders can appreciate as the market had a roller coaster session that was accented by a noticeable downturn at the start of trading and an equally noticeable comeback effort. At their lows for the session, which were established just after the start of trading, the Dow, Nasdaq and S&P fell 114, 27 and 10 points, respectively. The declines followed on the heels of Friday's steep losses and big percentage declines in a host of foreign markets. Interestingly, the declines abroad were attributed to G-7 finance ministers' thinking over the weekend that global economic growth will moderate. The reasoning for those declines, though, was poor considering the IMF cut its global growth forecast last week. In other words, the G-7 ministers weren't telling the markets anything they didn't already know. The declines in foreign markets were little more than a reflex response to the large losses seen on Friday on Wall Street. Early selling efforts in the U.S., though, were quickly met with bottom-fishing interest that was plain to see in the attraction to homebuilding, financial and retail names that were among the hardest hit issues last week. The energy sector (-1.3%) was a notable laggard again as oil prices dipped 1.2% to $87.56. With an excuse needed for every move, concerns about a slowdown in growth got the call for explaining the pullback in crude prices. That excuse, however, doesn't jive with the stock market's performance on Monday as the financial (+1.0%), consumer discretionary (+1.0%), industrial (+0.5%) and technology (+1.0%) sectors led today's action. In turn, the Treasury market was on the defensive a bit, which wouldn't have been the case if concerns about a slowdown in growth were the real factor for selling in the energy pits that they were made out to be. That's not to say slowdown concerns won't provide a real reason for selling tomorrow, or the next day, but the excuse just didn't mesh with Monday's stock market action. Reassuring earnings news from Merck (MRK 54.64, +1.53), Kimberly-Clark (KMB 70.19, +3.05) and Royal Caribbean (RCL 42.26, +3.01) provided some support for Monday's bottom-fishing buying interest. Schering-Plough (SGP 28.34, -4.37), however, was a drag on the health care sector (-0.2%) after missing analysts' expectations by two cents. Separately, the dollar index got a nice boost (+0.8%), which contributed to the weakness in gold prices (-1.4% to $757.60/oz) and other commodities. |
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