Indices lose ground following solid economic data

Discussion in 'Data Sets and Feeds' started by TradeTheNews, Jan 26, 2007.

  1. TradeTheNews

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    US Mid-Morning Recap
    by TradeTheNews Staff

    - December durable goods orders and new home sales figures exceeded expectations adding to the interest rate jitters that re-surfaced yesterday. Equity and Treasury markets moved to session lows following the new home sales release. The Dow has dipped into negative territory for the year while Treasuries have recovered from their worst levels. The yield on the 10-year briefly traded above 4.9% but bond prices have since drifted into positive territory. CAT +2.3% and MSFT +1.3% are two of only a handful of Dow components in positive territory after each reported earnings. Other names experiencing increased volatility post earnings reports include: TRMB +3.7% WFR +15% LAB +8% COLM +5% FII +8% IRF +11% OPLK +6% SWK +5% SYNA –11% CDWC –7% FO –3% AMGN –5% CSH -11% ELX –5%

    - Crude futures have been higher throughout the session currently up 1.25% close to $55. Natty gas is higher by 2.5% as well. Feb gold is $6 off this mornings low still down $2 while March silver has gained more than $0.20 from its worst levels. The Dollar is posting marginal gains against the other major currencies with the exception of the Loonie.