Is This A Trend On The NYSE?

Stocks are higher as investors discount
weaker-than-expected economic data and focus on bargain-hunting.

Consumer Confidence for March fell to 102.4 from 104.4 in February.

AIG is 4% higher after it was reported that Hank Greenberg is stepping
down as Chairman.

MCI
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accepted Verizon’s $7.6 billion takeover bid, which
was less than Qwest’s bid.

HCA Inc
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guided much higher. Lehman, Opco and Fulcrum all
upgraded the stock.

A seat on the NYSE went for $1.55 million–10% higher than the last
sale on March 21. The recent low transaction was on January 11 of this year at
$975,000. The all-time high price was $2.65 million in August 1999.

Strong sectors are:    Insurance
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$IUX.X |
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+1.27%    Oil
(
$OIX.X |
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+0.78%  
Homebuilders

(
$HGX.X |
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+0.64%

Weak sectors are:   Transports
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$TRANX.X |
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-0.42%     Pharmaceuticals
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$DRG.X |
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-0.24%  

Dow  +12.71 10,498.36
Nasdaq +4.82 1997.34
S&P 500 +2.78 1177.06

The dollar is -0.24 at
84.38

Crude Oil is -0.20 at
53.85

Gold is -0.10 at 426.10

ce=”Arial” size=”2″ face=”Arial”>Volume is 830 million on the NYSE and
736 million on the Nasdaq

Market breadth is negative.

NYSE Issues
Advancing 1759 Up Vol 414
Declining 1393 Down Vol 327
1.26 1.26
Nasdaq
Advancing 1469 Up Vol 387
Declining 1404 Down Vol 280
1.04 1.38

Stocks in the News

Delta
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will cut up to 2000 jobs.

Northrup Grumman
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won a $203 million Army contract.

The FDA approved Pfizer’s
(
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depo-subQ
provera for endometriosis pain.

UBS cut Limited
(
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to underweight.

Brice Wightman