Reply #89: 2:53 EST DOW under 10,500 [View All]

[UpInArms]

Dow 10,495.92 -23.66 (-0.22%)
Nasdaq 2,144.56 +7.31 (+0.34%)
S&P 500 1,216.82 -0.77 (-0.06%)
10-Yr Bond 4.180 -0.07 (-0.17%)

NYSE Volume 1,387,272,000
Nasdaq Volume 1,292,560,000

2:30PM: Major indices continue to trade in mixed fashion as oil prices hitting a new all-time high takes some more wind out of the market's sails... Even though the market will start shifting its focus to distillates (i.e. heating oil) when the summer driving season ends in about two weeks, this morning's larger than expected draw down in gasoline inventories, coupled with the storm concerns in the Gulf, have helped crude oil futures ($67.35/bbl +$1.64) close at another new record...NYSE Adv/Dec 2027/1205, Nasdaq Adv/Dec 1850/1127