EmailStock Market Update
Market Snapshot
| Dow | 13879.51 | -16.47 | (-0.12%) |
| Nasdaq | 3151.02 | +1.31 | (0.04%) |
| SP 500 | 1499.80 | -3.16 | (-0.21%) |
| 10-yr Note | -5/32 | 1.974 | |
| NYSE | Adv 1148 | Dec 1763 | Vol 300.6 mln |
| Nasdaq | Adv 1237 | Dec 1190 | Vol 1.06 bln |
Industry Watch
| Strong: Energy, Telecoms, Health Care |
| Weak: Consumer Discretionary, Technology |
Moving the Market
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November Case-Shiller 20-city Home Price Index: +5.5% actual, +5.2% Briefing.com consensus, +4.3% prior January consumer confidence: 58.6 actual, 65.1 Briefing.com forecast, prior revised up to 66.7 |
Key Indices Showing Little Change in Afternoon Trade
28-Jan-13 13:30 ET
Dow -16.47
at 13879.51,
Nasdaq +1.31
at 3151.02,
S&P -3.16
at 1499.80
[BRIEFING.COM] After slipping off their respective highs, the key indices have returned to the middle of their range. The mixed sentiment persists as the major averages have yet to stage a meaningful directional move.
Technology stocks are today's bright spot and Apple (AAPL 446.44, +6.56) is adding 1.5% after losing nearly 13.0% over the course of last week.
On the downside, steel producers are trading lower across the board after Goldman Sachs issued a downgrade of the U.S. steel space. The Market Vectors Steel ETF (SLX 48.37, -0.59), which tracks the performance of steelmakers, is down 1.2%.
The discretionary space is also exerting downward pressure on the markets after December pending home sales declined by 4.3%, which was worse than the unchanged reading forecast by the Briefing.com consensus. The disappointing report caused major homebuilders to slip to their session lows. Lennar (LEN 41.84, -1.23) and Toll Brother (TOL 37.19, -0.79) are down 2.9% and 2.1% respectively.
Technology stocks are today's bright spot and Apple (AAPL 446.44, +6.56) is adding 1.5% after losing nearly 13.0% over the course of last week.
On the downside, steel producers are trading lower across the board after Goldman Sachs issued a downgrade of the U.S. steel space. The Market Vectors Steel ETF (SLX 48.37, -0.59), which tracks the performance of steelmakers, is down 1.2%.
The discretionary space is also exerting downward pressure on the markets after December pending home sales declined by 4.3%, which was worse than the unchanged reading forecast by the Briefing.com consensus. The disappointing report caused major homebuilders to slip to their session lows. Lennar (LEN 41.84, -1.23) and Toll Brother (TOL 37.19, -0.79) are down 2.9% and 2.1% respectively.
