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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: Donald Wennerstrom who wrote (29859)	4/7/2006 11:13:46 AM
From: Donald Wennerstrom	Read Replies (1) of 95616

This note from Briefing.com sort of "says it all" <<10:25 ET Dow -21.62, Nasdaq -4.24, S&P -3.76 [BRIEFING.COM] Treasuries have taken the steam out of the equity market's early advance. Each of the major averages have fully erased their opening gains and are now trading below the unchanged mark. The bond market's lack of enthusiasm over the relatively unsurprising employment report has drained the stock market of its initial enthusiasm. Over the last few sessions, the yield on the 10-year has approached, and several times touched, a four-year high of 4.90%. Now, it's standing at 4.94%. Rising market rates continue to serve as a bearish backdrop for the equity market, and they undermine attempts for a spirited, sustained advance. ..NYSE Adv/Dec 1467/1379. ..NASDAQ Adv/Dec 1450/1198.>>

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