Let’s Look At The Indices So Far This Year
Stocks are higher after traders were relieved by
good economic data. The Producer Price Index for December fell 0.7%,
more than expected and the biggest drop since April 2003. Core PPI rose 0.1%.Â
Factory output rose more than expected, to 0.8% in December.
Here is what the major indices have done thus far in 2005:
   Transports       Â
-7%
   Russell 2000    -6.4%
   Nasdaq          Â
-4.8%
   S&P 500         Â
-2.8%
   Dow                Â
-2.6%
   Utilities            Â
-1.6%
Bonds and commodities close early today ahead of Monday’s market holiday.
General Motors (GM)
said it sees 2005 EPS at $4-$5 for 2005; the previous estimate was $4.78.
Boeing
(
BA |
Quote |
Chart |
News |
PowerRating) will take a $615 million charge related to its 767 Air
Force tanker and 717 series aircraft.
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) reported 0.01, in-line, but revenues were
light. Cree
(
CREE |
Quote |
Chart |
News |
PowerRating) missed by 0.04.
Strong sectors are: Oil Services
(
OSX.X |
Quote |
Chart |
News |
PowerRating) +2.10%, Airlines
(
XAL.X |
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Chart |
News |
PowerRating)
+1.95%, Semis
(
SOX.X |
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News |
PowerRating) +1.96% +0.58%.
Weak sectors are: Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) -0.83%.
Â
Dow | +45.74 | 10,551.57 |
S&P 500 | +6.62 | 1184.07 |
Nasdaq | +14.54 | 2,085.10 |
The dollar is +0.56 at
83.07
Crude Oil is +0.41 at
48.60
Gold is -0.10 to 422.40
ce=”Arial” size=”2″ face=”Arial”>Volume is 704 million on the NYSE and
1.0 billion on the Nasdaq.
Market breadth is positive.
NYSE | Issues | |
Advancing | 2072 | Up Vol 453 |
Declining | 1149 | Down Vol 194 |
1.80 | 2.33 | |
Nasdaq |
||
Advancing | 1868 | Up Vol 632 |
Declining | 1073 | Down Vol 374 |
1.74 | 1.68 |
Stocks in the News
An Arizona man’s death was linked to the use of a Taser
(
TASR |
Quote |
Chart |
News |
PowerRating)
gun.
Cree (CREE)
missed by 0.04 and guided lower.
Looksmart
(
LOOK |
Quote |
Chart |
News |
PowerRating) guided lower.
Flextronics
(
FLEX |
Quote |
Chart |
News |
PowerRating) was upgraded at UBS to a buy from neutral.
Brice Wightman
Â
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