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Reply #106: 1:14 EST numbers and blather [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-14-06 12:16 PM
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106. 1:14 EST numbers and blather
Dow 10,758.32 +52.18 (+0.49%)
Nasdaq 2,077.09 +4.62 (+0.22%)
S&P 500 1,224.32 +0.63 (+0.05%)
10-Yr Bond 5.050 +0.89 (+1.79%)


NYSE Volume 1,430,329,000
Nasdaq Volume 1,149,965,000

1:00 pm : Major indices continue to sport modest gains but the Dow is now outpacing its Nasdaq counterparts. Pacing the way among the blue chips is Boeing (BA 81.39 +4.41), which is soaring after receiving a $4.5 bln order which underscores Goldman Sachs' upgrade and amid delivery delays at rival Airbus. Intel Corp (INTC 17.73 +0.61) is also providing some noticeable support as bargain hunters, also helped by some positive commentary out of Goldman Sachs, continue to believe the worst is over for a chip giant still hovering at three-year lows. Other notable Dow components with gains of at least 1.0% include AA, DIS, MCD and XOM.DJ30 +67.79 NASDAQ +8.62 SP500 +3.14 NASDAQ Dec/Adv/Vol 1394/1525/1.09 bln NYSE Dec/Adv/Vol 1441/1704/996 mln

12:30 pm : More of the same for stocks as the market works its way through the New York lunch hour. Treasuries, however, have weakened as bond traders digest some more Fed speak. Even though Fed Governor Bies made no comments on interest rates or monetary policy in her prepared speech, debatable remarks about labor conditions and GDP growth have only exacerbated nervousness now that the CPI data all but confirmed accelerating inflation pressures.DJ30 +66.46 NASDAQ +12.10 SP500 +3.68 NASDAQ Dec/Adv/Vol 1326/1567/1.02 bln NYSE Dec/Adv/Vol 1395/1728/926 mln
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