Reply #46: Saying goodbye at 11:39

[ozymandius]

Dow 10,503.55 -25.93 (-0.25%)
Nasdaq 2,009.48 +0.70 (+0.03%)
S&P 500 1,144.39 -2.81 (-0.24%)
10-Yr Bond 3.749% -0.027


U.S. stocks lower as Nasdaq '04 gains under threat

WASHINGTON (CBS.MW) -- U.S. stocks were lower Tuesday as broad weakness in the technology sector briefly took the Nasdaq below 2,000, wiping out all its gains for 2004, while Alcoa, International Paper and Eastman Kodak kept the Dow under pressure.

"Going under 2,000 on the Nasdaq certainly has a psychological impact," said Jay Suskind, director of trading at Ryan, Beck & Co. "But obviously we're still in something of a trading range. The market is unable to move higher and it won't until we see an improvement in the employment situation in the U.S."

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Bonds, currencies

The Treasury market rally reached its third day, keeping benchmark yields at July lows on speculation tepid U.S. job growth will keep the Federal Reserve off the interest-rate trigger for several months.

The benchmark 10-year Treasury note was up modestly, priced at 101 26/32. Its yield (CBOE:^TNX - News) which moves inversely to price, remained at 3.77 percent.

The dollar was little changed against the world's major currencies.

story

You folks have a wonderful afternoon. It has been great being here with you for an unusually long time.

Ozy :hi: