Reply #63: 1:11 EST numbers and blather

[UpInArms]

Dow 10,809.90 -17.22 (-0.16%)
Nasdaq 2,154.78 -5.84 (-0.27%)
S&P 500 1,207.25 -2.88 (-0.24%)
10-Yr Bond 4.300 +0.82 (+1.94%)

NYSE Volume 503,235,000
Nasdaq Volume 912,580,000

1:00PM: Equities remain on the defensive as the bulk of sector leadership remains negative... Some blue chips showing resilience, however, have included Pfizer (PFE 26.48 +0.41), which is still down more than 23% on the year, and shares of Wal-Mart (WMT 53.42 +0.87), which have surged after it announced encouraging same-store sales data for December... WMT, which remains 13% off its early March highs, has gained roughly 1.5% in 2004... Coca-Cola (KO 41.84 +0.33), Alcoa (AA 31.65 +0.26) and Proctor & Gamble (PG 53.73 +0.14) have also shown continued buying interest...NYSE Adv/Dec 1265/1906, Nasdaq Adv/Dec 1259/1766

12:30PM: Equities bounce off their lows of the session but continue to trade with a tinge of caution... The latest PC sales data from The NPD Group has kept many investors' interests focused on the computer hardware sector (-0.4%)...

Citing the most recent data, J.P. Morgan Securities has said the relative strength of the corporate PC market and accelerated component price declines should continue to benefit Dell (DELL 41.81 +0.06) while weakening consumer demand - a 54.5% sequential increase in PC units (November) versus a 72.8% rise last year - should continue to pose a risk for Hewlett Packard (HPQ 20.99 -0.07)... Meanwhile, Apple Computer (AAPL 63.39 -0.62), which had gained more than 1% in pre-market trading and has surged more than 65% in 2004, has succumbed to some midday profit taking despite Piper Jaffray reiterating an Outperform rating and $100 price target on the stock ahead of the "Macworld" conference...

Gotta run - see ya'll later :hi: