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Reply #19: Market Numbers and blather at 10:14 EST [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-24-04 09:15 AM
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19. Market Numbers and blather at 10:14 EST
Dow 10,478.83 -0.74 (-0.01%)
Nasdaq 2,027.19 +6.21 (+0.31%)
S&P 500 1,145.05 +0.99 (+0.09%)
10-Yr Bond 4.626% -0.072


10:00AM: New home sales came in better than expected at a record 1369K as a drop in borrowing costs lured homebuyers...The market is hesitant to move higher this morning, despite yesterday's impressive end-of-day rally, as the recent terror attacks in Iraq/Turkey spark safety plays...Treasuries remain very strong while gold has staged an impressive +1.5% rally in overnight and early morning trading...Unfortunately, last night's attacks will likely bring back some of the uncertainty in the market that dominated trading yesterday...

This morning's less noticed Help Wanted Index came in-line implying that employers are hiring as expected...NYSE Adv/Dec 1459/1007, Nasdaq Adv/Dec 1438/914


anyone have any dramamine?
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