Dow 10434.84 -37.64 (-0.36%)
Nasdaq 2074.74 +10.12 (+0.49%)
S&P 500 1211.07 -5.69 (-0.47%)
10-Yr Bond 5.233% +0.009
NYSE Volume 1,141,983,000
Nasdaq Volume 1,719,131,000
EQUITY OPTION
TOTAL EQUITY CALL VOLUME : 482,109
TOTAL EQUITY PUT VOLUME : 296,972
TOTAL VOLUME : 779,081
EPC= 0.62
Oild driller falling on news that inventory levels of oil and gas for the summer month are higher than expected. Enery prices in general are expected to pull back.
Close There was modest activity among a few individual issues and selected sectors today but the focus throughout was on the Fed and the widely anticipated interest rate cut. They slashed rates for the sixth time this year, this time by 25 bp, bringing the total drop in the Fed Funds rate during this cycle to 275 bp. The announcement triggered a pickup in volatility and a knee jerk drop but the marketplace lacked either the intestinal fortitude or the conviction to break out of its short term trading range.
**********************
MARKET RECAP
Like a squadron of kamikaze pilots, the major indices nose-dived shortly after two o’clock eastern time when Alan Greenspan stepped forward to deliver the verdict. The Fed bestowed a 25-basis point interest-rate cut on the masses, leaving some complaining that old Alan was growing stingy. The prior five rate cuts the market received this year had been for 50-basis points each. Falling profits, a
decline in corporate spending, weak consumer spending, and slower growth abroad continue to drag the economy down. Inflation is expected to be contained. With the overnight interest rate now at 3.75, investors learned to be content with what they received, pushing the market back into the bright blue skies of positive territory.
*******************
SECTOR SIESTA FOR WEDNESDAY
Equities moved markedly lower in the aftermath of the Federal Reserve's 25-basis point rate cut at 2:15 this afternoon. However, buyers returned with a vengeance to bring equities back close to where they were just before the rate cut. The market had expected at least a 25
basis-point cut, however it was uncertain whether the Fed would oblige - or how the markets would react. At 2:00 p.m all major market indices were trading at or near breakeven. At that time, only the S&P 500 Index (SPX - 1215.65) was in negative territory. Currently, the Dow Jones Industrial Average (INDU - 10,480.2) is currently up eight points or
0.08 percent and the Nasdaq Composite (COMP - 2,074.5) is up 0.48 percent. The SPX is down 0.03 percent.
RETAIL 8 +0.1% Edit Delete Compare
DSL 6 -0.2% Edit Delete Compare
DWDM 20 +0.2% Edit Delete Compare
Financials1 7 -1.7% Edit Delete Compare
Carriers1 6 +0.8% Edit Delete Compare
Telecom Construction1 5 -0.6% Edit Delete Compare
networkers1 6 +0.4% Edit Delete Compare
Contract Manufacturers 5 -0.5% Edit Delete Compare
Telecom Equipment 18 +0.8% Edit Delete Compare
Tier 2, D-WDM 16 +1.7% Edit Delete Compare
Broadband Cable 1 8 -0.3% Edit Delete Compare
DOW 10 -0.7% Edit Delete Compare
XML 15 +0.2% Edit Delete Compare
Internet Security 20 +2.1% Edit Delete Compare
Supercoductors 5 +3.7% Edit Delete Compare
Bull Sector-optical 84 +0.2% Edit Delete Compare
Satellite Stocks1 3 -1.3% Edit Delete Compare
Strong Stocks March 16 Correction 22 +0.7% Edit Delete Compare
Biotechs 9 -1.0% Edit Delete Compare
CHIP EQUIPMENT 13 -1.2% Edit Delete Compare
CHIPS1 22 -0.0% Edit Delete Compare
Clint's Financials 40 -0.1% Edit Delete Compare
MEMS 2 +0.6% Edit Delete Compare
April 11 strong stocks1 16 +1.1% Edit Delete Compare
Day Traders 12 +1.3% Edit Delete Compare
Genomics 9 +1.6% Edit Delete Compare
Incubators 8 +0.1% Edit Delete Compare
Internet Sector 14 +0.5% Edit Delete Compare
Flat Panel Displays 4 -1.1% Edit Delete Compare
E-Gaming stocks 7 +2.1% Edit Delete Compare
Stocks pulling back on below avg vol 42 +0.5% Edit Delete Compare
Bottoming List 10 +1.1% Edit Delete Compare
Clint's Strong Stocks Sept Selloff 23 +2.0% Edit Delete Compare
Drug Stocks 15 -1.2% Edit Delete Compare
RTS Biotechs 13 +0.3% Edit Delete Compare
Gigabit 35 +0.7% Edit Delete Compare
Dec 1 Rev. Leaders 37 +1.0% Edit Delete Compare
Mata Market World 83 +0.5% Edit Delete Compare
Telecom Software 4 +3.6% Edit Delete Compare
Oil Drilers - Deep Water 6 -5.8% Edit Delete Compare
Storage 5 -0.6% Edit Delete Compare
M.L. Picks 23 +0.9% Edit Delete Compare
HOLDERS 12 -0.5% Edit Delete Compare
4 Q's of cash 20 +1.3% Edit Delete Compare
Symbol Price Change Volume Bid/Ask Day Range
ADCT 6.57 0.04 (+0.61%) 8,740,100 6.61 - 6.67 6.48 - 6.83
ADTN 18.00 -0.61 (-3.28%) 384,700 17.79 - 21.70 18.00 - 19.30
AFCI 22.47 0.29 (+1.31%) 2,392,800 22.42 - 22.75 22.05 - 23.98
ALA 19.54 -0.44 (-2.20%) 995,700 19.51 - 20.10
AMAT 48.47 -1.74 (-3.47%) 17,637,300 48.97 - 49.20 48.22 - 49.96
AMCC 14.95 0.22 (+1.49%) 16,609,000 15.01 - 15.10 14.32 - 15.20
ANAD 19.10 0.35 (+1.87%) 211,000 19.00 - 19.20 18.51 - 19.39
ANDW 16.98 0.32 (+1.92%) 868,300 10.00 - 21.50 16.67 - 17.05
ANN 34.50 -0.40 (-1.15%) 659,300 33.95 - 36.20
AOL 52.68 -0.17 (-0.32%) 10,456,900 52.15 - 53.72
APAT 8.60 0.30 (+3.61%) 12,200 6.45 - 10.00 8.25 - 8.68
ASYS 9.19 0.25 (+2.80%) 19,600 7.90 - 10.49 8.75 - 9.23
AVCI 7.50 -0.20 (-2.60%) 1,112,700 7.23 - 7.39 7.02 - 7.64
AVNX 7.57 -0.43 (-5.37%) 3,872,100 7.52 - 7.55 7.01 - 8.37
AXP 38.25 -0.75 (-1.92%) 5,561,200 38.13 - 39.50
BKB 43.38 0.00 (+0.00%) 100 41.44 - 44.12
BKHM 2.98 0.10 (+3.47%) 204,200 2.70 - 3.90 2.80 - 3.08
BRCD 39.07 0.76 (+1.98%) 14,246,100 39.60 - 39.65 38.50 - 40.35
BRCM 37.41 1.31 (+3.63%) 7,816,000 37.65 - 37.68 35.75 - 38.09
CIEN 39.09 -0.81 (-2.03%) 21,286,600 39.65 - 39.65 38.15 - 41.97
CMGI 2.95 0.01 (+0.34%) 2,154,800 2.96 - 2.97 2.85 - 3.13
CMTN 3.77 -0.21 (-5.28%) 450,900 3.51 - 3.80 3.53 - 4.02
CNXT 7.79 0.15 (+1.96%) 1,492,200 7.70 - 7.85 7.44 - 7.99
COVD 0.91 -0.48 (-34.53%) 1,800,600 0.86 - 0.90 0.81 - 0.98
CPWR 13.25 -0.24 (-1.78%) 4,129,400 13.20 - 13.45 13.10 - 13.50
CS 19.38 -0.09 (-0.46%) 1,854,100 19.30 - 19.93
CSCO 17.93 -0.09 (-0.50%) 44,695,200 17.75 - 17.76 17.61 - 18.25
CYMI 25.37 -0.13 (-0.51%) 224,000 25.25 - 26.76 24.40 - 25.60
DIS 28.15 -0.10 (-0.35%) 7,924,800 27.35 - 28.37
DITC 6.95 0.09 (+1.31%) 180,900 6.91 - 6.94 6.80 - 7.14
EMKR 27.15 0.35 (+1.31%) 1,372,200 27.17 - 27.75 26.38 - 28.53
EXDS 2.13 0.02 (+0.95%) 34,212,300 2.15 - 2.16 2.00 - 2.30
EXTR 25.73 0.34 (+1.34%) 4,982,400 25.60 - 25.84 24.79 - 27.06
FDRY 18.79 0.74 (+4.10%) 4,524,400 18.55 - 18.56 17.80 - 19.42
FDX 36.80 0.45 (+1.24%) 1,495,000 36.00 - 36.88
FFIV 17.69 0.65 (+3.81%) 1,627,100 17.50 - 17.98 17.29 - 18.22
GE 48.26 -0.53 (-1.09%) 27,215,200 47.74 - 49.10
GLM 19.71 -1.14 (-5.47%) 2,491,200 19.60 - 20.60
GLW 14.65 0.38 (+2.66%) 10,219,600 14.28 - 15.08
GPS 29.14 -0.05 (-0.17%) 2,504,300 29.10 - 29.98
HEII 8.00 -0.11 (-1.36%) 38,700 7.95 - 8.00 7.90 - 8.15
HIFN 13.80 -0.07 (-0.50%) 32,300 13.50 - 14.00 13.45 - 14.23
IBI 14.92 0.07 (+0.47%) 832,100 14.80 - 15.00
INKT 9.03 -0.23 (-2.48%) 2,618,800 9.00 - 9.03 8.70 - 9.44
INTC 28.65 -0.32 (-1.10%) 33,732,800 28.73 - 28.75 28.34 - 29.21
IOM 2.18 0.00 (+0.00%) 873,300 2.10 - 2.20
ITWO 17.99 1.68 (+10.30%) 14,132,900 18.00 - 18.07 16.05 - 18.38
JBL 26.45 -0.14 (-0.53%) 2,229,500 26.13 - 27.50
JDSU 12.13 0.10 (+0.83%) 32,107,200 12.21 - 12.25 11.82 - 12.58
JNJ 50.70 -0.41 (-0.80%) 9,671,000 50.39 - 51.50
JNPR 30.22 0.73 (+2.48%) 18,090,900 30.20 - 30.32 29.70 - 31.49
KOPN 9.16 0.24 (+2.69%) 684,700 9.06 - 9.30 8.75 - 9.35
LU 5.87 -0.13 (-2.17%) 18,467,000 5.72 - 6.05
MCDT 21.50 -1.60 (-6.93%) 1,054,200 21.30 - 23.00 21.36 - 23.20
MER 57.86 -1.05 (-1.78%) 7,737,800 57.79 - 59.80
MERQ 56.85 3.14 (+5.85%) 4,788,100 56.80 - 57.45 53.05 - 57.80
MONI L 6.95 -0.07 (-1.00%) 78,700 6.50 - 8.24 6.75 - 7.00
MOT 15.08 0.43 (+2.94%) 10,830,800 14.70 - 15.60
MRVC 8.91 -0.15 (-1.66%) 1,148,800 8.80 - 8.90 8.50 - 9.10
MRVL 22.75 1.06 (+4.89%) 1,230,300 14.50 - 25.00 21.68 - 24.18
MSFT 71.14 1.00 (+1.43%) 34,602,900 71.10 - 71.20 69.36 - 71.53
MTZ 13.32 -0.51 (-3.69%) 220,500 13.31 - 14.00
MWD 62.65 -1.17 (-1.83%) 5,346,400 62.45 - 64.68
NE 33.88 -2.22 (-6.15%) 2,169,400 33.79 - 35.60
NEWP 24.66 0.01 (+0.04%) 1,713,800 25.00 - 25.20 23.50 - 25.24
NT 8.42 0.07 (+0.84%) 12,899,800 8.17 - 8.60
NUFO 6.70 -0.06 (-0.89%) 1,576,400 6.60 - 6.77 6.46 - 6.98
NVLS 53.40 -1.24 (-2.27%) 6,520,700 54.01 - 54.35 52.76 - 54.30
ONIS 25.00 0.14 (+0.56%) 3,176,900 25.00 - 25.25 24.70 - 25.74
OPWV 30.53 0.03 (+0.10%) 6,039,400 30.52 - 30.70 30.08 - 32.73
PHTN 26.75 -1.20 (-4.29%) 226,300 26.75 - 28.00 26.69 - 28.39
PMCS 27.42 -0.26 (-0.94%) 6,672,300 27.70 - 27.99 26.55 - 29.04
PSFT 45.24 1.17 (+2.65%) 4,986,900 45.01 - 45.25 43.40 - 45.55
Q 30.07 0.04 (+0.13%) 4,168,000 29.49 - 30.61
QCOM 55.56 2.11 (+3.95%) 12,549,800 56.10 - 56.17 53.32 - 56.75
RFMD 23.71 0.96 (+4.22%) 6,749,200 23.57 - 23.95 22.58 - 24.40
RIG 42.95 -3.05 (-6.63%) 4,309,200 42.95 - 45.75
RMBS 10.69 0.19 (+1.81%) 2,084,300 10.64 - 10.75 10.11 - 10.82
RNWK 11.75 -0.45 (-3.69%) 1,494,500 11.70 - 12.00 11.45 - 12.63
SCH 16.06 0.05 (+0.31%) 7,333,100 15.84 - 16.74
SCMR 8.59 0.01 (+0.12%) 3,248,200 8.41 - 8.45 8.25 - 8.88
SDC 31.30 -1.95 (-5.86%) 892,600 31.10 - 32.98
SEBL 44.15 1.71 (+4.03%) 16,001,900 44.17 - 44.30 41.66 - 44.44
SHOO 16.75 0.38 (+2.32%) 118,600 16.75 - 16.78 16.17 - 16.75
SONS 21.95 1.06 (+5.07%) 3,253,700 21.55 - 21.95 20.70 - 22.50
SUNW 14.95 0.02 (+0.13%) 32,574,100 14.94 - 14.99 14.60 - 15.31
SVGI 34.76 0.00 (+0.00%) 34.51 - 34.85
TDW 39.56 -1.37 (-3.35%) 820,500 39.36 - 40.54
TER 33.50 -1.17 (-3.37%) 1,745,400 33.02 - 34.45
TLAB 16.63 -0.20 (-1.19%) 8,204,700 16.75 - 16.80 16.21 - 17.14
TQNT 17.88 0.75 (+4.38%) 2,389,900 17.99 - 18.00 17.35 - 18.24
TXCC 8.23 0.88 (+11.97%) 4,296,200 8.19 - 8.29 7.31 - 8.40
UTEK 22.10 0.41 (+1.89%) 106,800 21.15 - 25.10 21.10 - 22.40
VERT 1.60 -0.04 (-2.44%) 570,100 1.60 - 1.70 1.60 - 1.80
VTSS 17.41 0.84 (+5.07%) 11,228,300 17.65 - 17.80 16.95 - 18.27
WIND 17.05 0.08 (+0.47%) 1,109,500 16.25 - 18.00 16.87 - 17.44
YHOO 18.73 -0.41 (-2.14%) 10,602,600 18.80 - 18.90 18.34 - 19.64 |
