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Let’s Look At The Indices So Far This Year

  • January 14, 2005
  • Brice Wightman

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%. 
Factory output rose more than expected, to 0.8% in December.

Here is what the major indices have done thus far in 2005:

    Transports        
-7%

    Russell 2000     -6.4%

    Nasdaq           
-4.8%

    S&P 500          
-2.8%

    Dow                 
-2.6%

    Utilities             
-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 |
Quote |
Chart |
News |
PowerRating)
+1.95%, Semis
(
SOX.X |
Quote |
Chart |
News |
PowerRating) +1.96% +0.58%.

Weak sectors are: Gold
(
XAU.X |
Quote |
Chart |
News |
PowerRating) -0.83%.

 

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

 

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