Reply #32: 11:10 EST numbers and blather [View All]

[UpInArms]

Dow 10,476.42 +20.40 (+0.20%)
Nasdaq 1,998.72 +8.50 (+0.43%)
S&P 500 1,174.90 +2.37 (+0.20%)
10-Yr Bond 4.585 -0.22 (-0.48%)

NYSE Volume 577,413,000
Nasdaq Volume 584,648,000

11:00AM: Major indices hold steady at higher levels as oil hits new session lows... Crude oil futures ($53.65/bbl -$0.16) have ticked below $54/bbl within the last 30 minutes and continue to slide following a less than expected decline in natural gas inventories... But with gasoline futures still hovering near record levels, following an explosion at one of BP's largest refineries that heightened fears about available supplies heading into the peak summer driving season, stocks have failed to move aggressively higher...NYSE Adv/Dec 2191/819, Nasdaq Adv/Dec 1823/872

10:30AM: Little changed since the last update as the major averages hold their own following strong housing data... Feb new home sales surged 9.4% to a 1.226 mln annual rate - the second highest level ever - well above economists' forecasts of 1.150 mln and much stronger than last month's decline to 1.106 mln... While the report rarely prompts a market reaction, and typically finds yesterday's better than expected existing home sales report more favorable, the data have provided a level of support for equities as the housing market continues to show resilience in the face of rising mortgage rates...NYSE Adv/Dec 2126/765, Nasdaq Adv/Dec 1835/772

magic numbers receding :eyes: