Market Wrap
After bouncing around much of the day, the indices were flat with an hour to go — but caught a nice ‘updraft’ in that final hour, the majority of it in the last twenty minutes.
Still a ways to go the get back the big drop on Tuesday:
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Internals were again positive, but volume was again lighter. Advances/declines were 3 to 1 on the NYSE and 2 to 1 on the Nasdaq, with up/down volume 6 to 1 on the NYSE and 7 to 3 on the Nasdaq. New highs/lows were 89/1 on the NYSE and 15/5 on the Nasdaq.
Leaders — Gold/Silver (+4.65%), Airlines (+3.46%), Metals (+2.95%), Banks (+2.53%), Steel (+2.23%), Retailers (+2.03%), REITs (+1.85%), Oil Services (+1.80%)
Laggards — Drugs (-0.64%), Defense (-0.18%), Health Care (-0.06%), Natural Gas (+0.03%), Health Care Products (+0.13%), HMOs (+0.36%), Utilities (+0.36%), Comp. Tech (+0.45%)
Treasury Yields — 6-Month: .22%, 2-Year: .91%, 5-Year: 2.29%, 10-Year: 3.34%, 30-Year: 4.16%
Energy Prices — Crude oil: $67.96/barrel, Gasoline: $1.7928/gallon, Natural Gas: $2.508/mmBTU
US Dollar Index — 78.424
Precious Metals — Gold: $992.60/ounce, Silver: $16.12/ounce, Platinum: $1247.00/ounce
BMB Note:
Jobs number out tomorrow morning, and then we set up for a three-day weekend.
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Interesting chart on that last half-hour over at Zero Hedge. Think things aren’t correlated?
Comment by BMB — 9/3/2009 @ 3:16 pm