Reply #25: 10:17 EST numbers and blather

[UpInArms]

Dow 10,119.94 -2.58 (-0.03%)
Nasdaq 1,832.17 -4.32 (-0.24%)
S&P 500 1,099.09 -0.06 (-0.01%)
10-Yr Bond 4.170% -0.018

10:00 ET Major indices maintain their positive stance, led by a strong biotech and oil service groups... Just about every sector has traded in the green and supported the market's mild gains... The only notable area, though, to trail behind is semiconductor... Intel (INTC 21.27 -0.33) has been a major drag on chatter the chip maker's Q3 (Sept) mid-quarter update would be disappointing... Analysts like SG Cowen are calling for the Thursday night conference call to include a downward revision to the mid-point of the revenue range... Meanwhile, August Consumer Confidence and Chicago PMI were just released and came in at 98.2 (consensus of 103.4) and 57.3 (consensus of 60.0) respectively... As a result, the indices have backed off their best levels... ..SOX -0.4%. ..NYSE Adv/Dec 1640/823. ..NASDAQ Adv/Dec 1528/683.

09:40 ET Stocks get off to a higher start following yesterday's broad retreat across the indices... The fall in the price of crude oil - this time to below $42/bbl - has been a relief to investors and brought about some modest buying... The commodity has eased as Iraq has begun exporting oil again (near normal levels) and insurgents have agreed to cease-fire agreements... The market will get its two economic reports of the day at 10 ET this morning: August Consumer Confidence (consensus of 103.4) and the Chicago PMI Index (consensus of 60.0)... Both should give the market more direction in the early action... ..NYSE Adv/Dec /. ..NASDAQ Adv/Dec /.