Tuesday, June 2, 2009

Market wrap - 4:10PM

Dow 8,741.41 +19.97 (0.23%) S&P 500 944.66 +1.79 (0.19%) Nasdaq 1,836.80 +8.12 (0.44%) Gold 984 +4 +0.45% Oil 68.71 -0.03 -0.04% Today by sector: Today's heatmap:
Not much market today. Mostly sideways with no sector standing out. Volume a little on the light side. Tomorrows economic numbers: MBA Purchase Applications 7:00 AM ET Challenger Job-Cut Report 7:30 AM ET ADP Employment Report 8:15 AM ET Ben Bernanke Speaks 10:00 AM ET Factory Orders 10:00 AM ET ISM Non-Mfg Index 10:00 AM ET EIA Petroleum Status Report 10:30 AM ET The ADP employment is a peek to see what will come out Friday for jobs numbers. Bernanke can move the market, and the Factory Orders and ISM non-mfg reports will be spun into green shoots or flowers by the CNBC cheerleaders. The Petroleum report will tell us oil goes higher. Doesn't matter what the numbers say. Oil will go up until it hits at least 75 dollars or higher, or we get our pitchforks out.

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