Stocks Stage Big Rally On Bush Win
Stocks are higher Wednesday
after a Bush win, rallying broadly on good volume as
traders are see more clarity and less uncertainty. Senator Kerry called
President Bush to concede and he is expected to speak at 2:00 PM ET. Biotech,
drugs, defense, energy and utilities are all strong. The Small Cap index made a
historic high.
Pfizer
(
PFE |
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(
MRK |
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(
BMY |
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are all higher on a Bush win.
Google
(
GOOG |
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PowerRating) broke the psychological $200 barrier before pulling
back.
Factory orders fell -0.4% in September. The ISM
manufacturing Index for October was 59.8.
Dow | +122.04 | 10157.77 |
S&P 500 | +13.66 | 1144.24 |
Nasdaq | +22.58 | 2007.37 |
Strong sectors are:
Healthcare Providers
(
HMO.X |
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PowerRating) +5.33%, Biotech
(
BTK.X |
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+4.00%, HealthcareÂ
(
HCX.X |
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+3.62%.
Weak sectors are:Â Semis
(
SOX.X |
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PowerRating) -0.37%.
The dollar is +0.28 at
84.86
Gold is +3.60 at 423.10
Crude Oil is -0.32 at 49.30
ce=”Arial” size=”2″ face=”Arial”>Volume is 835 million on the NYSE and
985 million on the Nasdaq.
Market breadth is positive.
NYSE | Issues | |
Advancing | 2436 | Up Vol 685 |
Declining | 718 | Down Vol 87 |
Ratio | 3.39 | 7.87 |
Nasdaq |
||
Advancing | 2139 | Up Vol 694 |
Declining | 745 | Down Vol 219 |
Ratio | 2.87 | 3.12 |
Stocks in the News
Time Warner
(
TWX |
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Cigna
(
CI |
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PowerRating) beat by 0.43.
Prudential
(
PRU |
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PowerRating) beat by 0.15, and doubled its Q3 profit.
InterActive
(
IACI |
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PowerRating) beat by 0.03.
Polo Ralph Lauren
(
RL |
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KOS Pharma
(
KOSP |
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PowerRating) beat by 0.18.
Pepsi
(
PEP |
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PowerRating) reaffirmed guidance for 2004-2005.
Priceline
(
PCLN |
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PowerRating) beat by a penny.
Brice Wightman