Reply #98: 2:41 EST numbers and dreck [View All]

[UpInArms]

Dow 10,458.84 +61.55 (+0.59%)
Nasdaq 2,135.15 +14.38 (+0.68%)
S&P 500 1,211.59 +6.49 (+0.54%)
10-Yr Bond 4.174 -0.15 (-0.36%)

NYSE Volume 1,117,270,000
Nasdaq Volume 901,823,000

2:30PM: Buying efforts have tapered off, but the major indices remain comfortably above the unchanged line with leadership from the technology (+0.69%) and health care (+0.90%) sectors underpinning the blue chip averages...

To that end, IBM (IBM 81.54, +1.16) and Johnson & Johnson (JNJ 62.90, +0.96) are two of the Dow's top three components today - the other is Boeing (BA 67.22, +0.91), which is outperforming despite a Wall Street Journal article today that raises the possibility of a strike ensuing at the aircraft manufacturer if a proposed contract for the 18,300 member International Association of Machinists and Aerospace Workers union suggests there will be a paring of the company's defined-benefit pension plan... NYSE Adv/Dec 1847/1321, Nasdaq Adv/Dec 1554/1399

2:00PM: With energy futures slipping well off their best levels of the day (crude +$0.32 at $66.45/bbl), the market continues to advance in a broad-based campaign... The technology sector (+0.86%) has been the biggest driver of the uptick as leadership from large-cap players like Microsoft (MSFT 27.15, +0.18), Intel (INTC 25.79, +0.38), Cisco (CSCO 17.74, +0.34), Amgen (AMGN 79.84, +1.16) and Sandisk (SNDK 39.44, +2.16) is spilling over to other areas...

On a percentage basis, health care (+0.93%) is the biggest mover among the economic sectors and is lending an added source of influential support to the broader market... Nasdaq 100 +1.0, Russell 2000 +0.8, SOX +1.5, S&P Midcap 400 +0.5, NYSE Adv/Dec 1767/1402, Nasdaq Adv/Dec 1533/1395