Reply #79: blather: Leadership has faded [View All]

12:48
Dow 11,009.27 +3.53 (+0.03%)
Nasdaq 2,261.90 -5.56 (-0.25%)
S&P 500 1,277.47 -1.00 (-0.08%)
10-Yr Bond 47.55 +0.21 (+0.44%)
NYSE Volume 1,117,435,000
Nasdaq Volume 1,069,794,000

12:30 pm : Leadership has faded, and the indices are now trading in mixed fashion near the flat line. Materials continues to sport a session-leading gain, but its +0.8% is having a minimal effect on the broader market since the sector comprises just 3% of the S&P 500. The Tech sector had been one of the market's best sources of support all morning, but buying has subsided and it's now up a modest 0.2%. Oil's advance has helped stifle the market's steam. Crude futures are now up 0.6% to $60.40 per barrel. Despite the uptick, the Energy sector (-0.5%) has not managed to catch a bid and continues to weigh on the market. DJ30 +8.00 NASDAQ -2.66 SP500 +0.06 NASDAQ Dec/Adv/Vol 1384/1482/1.05 bln NYSE Dec/Adv/Vol 1359/1736/681.4 mln