US Mid-Morning Recap by TradeTheNews Staff - Equity futures dipped to new lows after December data showed producer prices rose at a greater clip than had been expected. Since the NY open equities have held their ground along with US Treasury prices. Treasuries are fractionally lower after yields spiked to session highs post PPI. 10-year â1/32 at 4.75% INTC has been weighing on the both the DOW and the NASDAQ as it trades down 5% post eps release. SMH â1% Rackable Systems has give back close to a third of its market value after providing preliminary Q4 numbers. Earrings reports from AMR and LUV have initiated some profit taking within the airline group after is recent run-up on lower crude. CAL â1.3% JBLU â3% LUV â1.8% LCC â1.4% UAUA â1.5% Interestingly, homebuilding stocks are advancing after some positive comments from LEN +4.5% regarding the 2007 outlook. TOL +1.3% RYL +2% PHM +3% CTX +2.5% - Feb Crude futures traded as low as $50.28 in early morning electronic trade and are currently down 0.6% at $50.90. Oil service names continue to search for footing as the OIH is up about $1. XOM is one of the best Dow performers up 0.5%. Feb Gold has rallied some $10 from pre-floor trading levels. Chatter of far east selling pressured prices into COMEX open and there has been talk that the reversal has caught some traders by surprise forcing the election of stops. Some buying in the Euro is also supporting gold. The EUR/USD sits just off todayâs high of 1.2949. Silver futures are near todayâs highs as well up more than 1%.