Without the Nasdaqleading the way here, the market is struggling. We are seeing very little from other sectors to make up for the pullback in some recent winners. Let's take a look at what's hot and what's not:
Bullish Signs
Treasuries(TLT Quote): Second day in a row of gains as the crowded short trade unwinds a bit more. Rambus(RMBS Quote): Favorable reaction to antitrust settlement. Railroad Plays: Upgrades to the likes of Burlington Northern(BNI Quote), Union Pacific(UNP Quote) and CSX Corp(CSX Quote) helping contain the losses in the Transports. FedEx(FDX Quote) and United Parcel Service(UPS Quote) pulling the averages down. Bank of America(BAC Quote): Bucking the trend and refuses to go lower, despite some financial sector downgrades this morning.Bearish Signs
Blackrock(BLK Quote): Was indeed a "sell on the news" event it appears, with the stock down pretty hard. Auto Parts Retailers : AutoZone(AZO Quote), Advance Auto Parts(AAP Quote) and O'Reilly Automotive(ORLY Quote) down for the second day in a row. Credit Card Processors: Visa(V Quote) and Mastercard(MA Quote) also struggling for second day in a row. Homebuilders: KB Home(KBH Quote) and Toll Brothers(TOL Quote) have not been participating in much of the market's rally recently. Down again today.Gold-Mining Plays
Agnico-Eagle Mines(AEM Quote) and RandGold Resources(GOLD Quote) are struggling today, as it appears Gold metal prices may be headed for a down close this week. Commodity plays: First pullback in what has been a fairly productive week for the likes of Walter Industries(WLT Quote) and U.S. Steel(X Quote).- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,023.42 | 1,069.30 | 2,112.44 | 35.03 |
Oil *
76.05
|
|
UP
17.46
|
UP
2.67
|
UP
7.12
|
DOWN
0.30
|
10 Yr
3.50%
SPDR Gold
107.43
|
|
+0.17%
|
+0.25%
|
+0.34%
|
-0.85%
|
Data delayed 20 minutes |














