| 11:00 ET Dow -12, Nasdaq +5, S&P -0.02: [BRIEFING.COM] The stalmate continues as the markets don't appear to be going anywhere. Each of the major averages posts an intraday move of less than 0.1%. There remains little in the way of market moving catalysts which means the markets should favor the broader trend directionally. Nonetheless, today is an options expiration Friday which can do funny things for the markets. The Nasdaq looks healthier relative to the Dow behind buy interest in the large cap names. Microsoft (MSFT +1.3%), Intel (INTC +0.6%), Sun Microsystems (SUNW +5.4%) and Cisco Systems (CSCO +1.4%) are each experiencing buy interest which is notable in light of relative weakness in a few of the former names. On the broader markets, engergy, railroads, transports and restaurants are stronger while banks, chemicals, and biotech continue to struggle. DJTA +0.1%... DJUA +0.6%... SOX -0.4%... XOI +1.3%... BTK -1.6%... Nasdaq 100 -0.3%... S&P Midcap 400 -0.3%... Russell 2000 -0.1%... NYSE Adv/Dec 1326/1335... Nasdaq Adv/Dec 1479/1678. |
