Reply #39: blather - "strong" dollar at fault (?) [View All]

[UpInArms]

10:00AM: Equities continue to trade with a sense of nervousness as sector leadership remains mixed... Pacing the way lower has been Materials, as a stronger greenback makes dollar-denominated commodities less attractive... Financial has been under pressure amid the departure of another key executive at Citigroup (C 43.70 -0.50) while weakness in medical equipment has weighed on Health Care... Boston Scientific (BSX 25.91 -1.24) has received an FDA warning letter on Taxus stents while Guidant (GDT 72.07 -0.18) has been downgraded at Keybanc...

Energy, however, has traded higher as ongoing supply concerns lift oil prices to $66/bbl while an analyst upgrade on FPL Group (FPL 43.22 +0.81) has helped the Utilities sector extend yesterday's gains... DJTA -0.7, DJUA +0.3, DOT -0.4, Nasdaq 100 -0.2, Russell 2000 +0.1, SOX +0.1, S&P Midcap 400 -0.1, XOI +0.1, NYSE Adv/Dec 1339/1165, Nasdaq Adv/Dec 1178/1178