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On Tap Today: NAPM Index the Highlight of a Shortened Session

A company that traded at its highest on Friday and another that closed 4.4% up see the end of their quiet periods today. Wireless company UbiquiTelundefined, a Sprint PCS (PCS) affiliate, closed up 1 1/16, or 12.7%, at 9 7/16, after reaching a high of 10. Community Health Systems (CYH) - Get Community Health Systems, Inc. Report, a health-care services provider, starts this half-day of trading at 16 3/16. Both companies last month went public to mild investor reaction, during a pessimistic market for new issues.

In the manufacturing sector, forecasts of today's market-moving

Purchasing Managers' Index

and its nine subindices suggest expansion.

Economic Data


Forecasts are from


. Times are Eastern. For a longer-term economic calendar and more, see


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TheStreet Recommends

Economic Databank.


  • 10 a.m.: Purchasing Managers' Index for June. Source: National Association of Purchasing Management. Forecast: 54.0. Previous: 53.2.
  • 10 a.m.: Construction spending for May. Source: Census Bureau. Forecast: N/A. Previous: -0.6%.
  • 1 p.m.: The U.S. stock and bond markets close early ahead of the Independence Day holiday.

IPO Quiet Periods Expiring


Ben Holmes, who heads

TSC's subsidiary, keeps a close eye on quiet-period expirations every week. For more on quiet periods and why they matter, check out Holmes' primer on the subject. The full current quiet period expirations list is published separately.


Quiet Period End

Deal Name


Lead Underwriter




Donaldson Lufkin & Jenrette


Community Health Systems


Merrill Lynch