Thursday, February 17, 2005

Thursday's Action

[BRIEFING.COM] Indices continue to languish near their worst levels of the day with only a half hour to go... With regards to tomorrow, notable economic data will garner much of the market's attention, as the Labor Dept. will release Jan PPI (consensus +0.3%) and core PPI (consensus +0.2%) figures at 8:30 ET... At 9:45 ET, investors will get a preliminary read on Feb Consumer Sentiment

[BRIEFING.COM] A renewed wave of selling heading into the last hour of trading pushes the indices to their lowest levels of the session... Consolidation of gains has been realized across the board, with losses in excess of 1.5% seen in every tech subsector while energy, airline and telecom services have posted losses of more than 1.0%... Leading the list of laggards on the S&P have been RSH (-9.8%), Q (-5.8%), JDSU (-5.7%), PMCS (-4.8%) and DAL (-4.8%)... ..NYSE Adv/Dec 1277/1982. ..NASDAQ Adv/Dec 1115/1976.

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