Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Lars who wrote (6565)	7/4/1999 12:17:00 PM
From: Lars	Respond to of 15132

* Market Summary * 7/02/99 6/25/99 %Change S&P 500 1,391.22 1,315.31 +5.77% Dow Jones 11,139.24 10,552.56 +5.56% NASD Comp 2,741.01 2,552.65 +7.38% Russell 2000 456.51 443.11 +3.02% SOX Index 492.88 452.53 +8.92% Value Line 469.89 453.74 +3.56% MS Growth 562.47 541.68 +3.84% MS Cyclical 601.94 584.66 +2.96% T - Bill 4.54% 4.66% -12 BP Long Bond 6.00% 6.15% -15 BP Gold - Oz-Near Month $264.60 $260.80 +$3.80 Silver - Oz-Near Month $5.37 $5.06 +$.31 May Consumer Spending rose +.6% - Personal Income Rose +.4% - Personal Savings fall sharply - Record Low negative -1.2% New Home Sales for May fell -5.1% to 888,000 Annual Rate June Consumer Confidence rose to 138.4 versus 137.7 in May - May was revised upward from originally reported 135.8 May Leading Indicators rose +.3% - Coincident Index +.2% FOMC Announces a Quarter Point increase in Fed Funds Rate - - And Reversion to a Neutral Policy May Construction Spending declines -.9% - Volatile/Irrelevant Jobless Claims fell -5,000 to 299,000 from prior week's 304,000 Which was a modest upward revision - Four Week Moving Average Fell -2,750 to 307,000 - Labor Market Still Very Tight Chicago Purchasing Managers' Index rose to 60.0 in June - Up from May's 57.9 National Purchasing Managers' Index Confirms Chicago - It too Rises - To 57.0 in June vs 55.2 in May - Backlogs Also Rise And, Price Index rose to 52.2 - First gain since Dec 1997 FOMC Minutes from May - Irrelevant Given Rate Increase May Factory Orders rose +1.1% - Without Transportation -.1% LABOR DEPARTMENT REPORT - Unemployment Rate rises +.1% to 4.3% - NonFarm Payrolls rise 268,000 - Prior Months Revised - Average Hourly Earnings +$.04 to $13.23/hour - Average Workweek rose +.1/hr to 34.5