Dow Off 100 As Yield Curve Inverts

Stocks fell Tuesday, with the Dow staging its worst
single day single day performance since late October and its worst post-holiday
performance in more than 10 years. The Nasdaq fell double digits.
Volume was light in holiday trading.

The yield curve inverted for the first time
in 5 years, with the 5-year note at 4.288%. Historically, an inverted yield
curve suggest a slowing economy.

Crude oil fell slightly and natural gas prices fell $11.

Aeroflot will buy 28 planes from
Boeing
(
BA |
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PowerRating)in a deal worth $2.5 billion.
BA’s
PowerRating is 5.

Bristol Meyers
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said its arthritis drug Orencia was approved by the FDA. BMY‘s
PowerRating is 4.

Guidant

(
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PowerRating is 4.

Airline stocks will be in focus as Prudential raised
its estimates and targets on

(
CAL |
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(
AAI |
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(
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(
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(
FRNT |
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PowerRating is 3.

Sirius

(
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PowerRating is 5.

Bed Bath & Beyond
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was upgraded at Deutsche Bank to Buy from Hold.
BBBY’s
PowerRating is 5.

Regeneron
(
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was uprraded to overweight at Lehman Bros. REGN‘s
PowerRating is 3.