Market Wrap

Summarizing the key developments of the day.

By webmaster • October 25th, 2006

- DaimlerChrysler has announced this morning that it is not planning to sell its Chrysler Group unit.

– Nissan has reported that 2Q net income increased to Y164 bln versus Y125 bln last year due in part to the sale of a stake in truckmaker Nissan Diesal. – Cap [...]

** US MARKETS **
Dow 0,09%; Nasdaq 0,46%; S&P 0,03%; Soxx -1,13%; Russel2k -0,14%; DJAIG 0,45%;
10yr Bond 0%; 10yr Yield 4,82%; Crude future 59,51; Gold 583,15

| Energy 1,48%| Materials 1,24%| ConsDisc 0,42%| Industrials 0,1%| Telecom
-0,02%| Financials -0,06%| Utilities -0,11%| ConsStaples -0,28%| Healthcare
-0,3%| Technology -0,78% Amazon.com Inc. rose $4.75, or 14 percent, to $37.67 in trading after [...]

- EADS may reduce its workforce by 10% by 2010 in order to reduce costs (Focus magazine).

– The European Commission is close to giving regulatory approval for the merger between GDF and Suez (FT). – DaimlerChrysler’s CEO expects Dieter Zetsche said the group expects that sales in China will rise to 26,000 Mercedes and [...]

** US MARKETS **
Dow 0,36%; Nasdaq 0,33%; S&P 0,14%; Soxx -2,79%; Russel2k -0,2%; DJAIG -0,79%;
10yr Bond 0,01%; 10yr Yield 4,76%; Crude future 57,79; Gold 589

| Healthcare 1,18%| Utilities 1,01%| ConsStaples 0,46%| ConsDisc 0,25%|
Financials 0,23%| Telecom -0,19%| Materials -0,22%| Industrials -0,22%|
Technology 0,39%| Energy -0,67% HewlettPackard Reclaims Title of Biggest PC Maker From Dell, Gartner Says – Altria’s [...]

** US MARKETS **
Dow 0,17%; Nasdaq 0,28%; S&P 0,25%; Soxx 0,89%; Russel2k 0,9%; DJAIG 2,17%; 10yr
Bond 0,06%; 10yr Yield 4,78%; Crude future 60,14; Gold 596,5

| Energy 2,16%| Materials 0,76%| Industrials 0,56%| Utilities 0,39%| Healthcare
0,1%| ConsStaples 0,1%| ConsDisc 0,09%| Technology 0,09%| Financials 0,23%|
Telecom -1,12%

– WalMart to Buy Chinese Retailer Trust-Mart for $1 Billion, Person Says – Oil [...]

** US MARKETS **
Dow 0,11%; Nasdaq 0,47%; S&P 0,2%; Soxx 0,95%; Russel2k 0,73%; DJAIG 1,33%; 10yr
Bond 0,01%; 10yr Yield 4,8%; Crude future 58,96; Gold 591,2

| Energy 1,37%| Materials 0,91%| Technology 0,77%| Financials 0,24%| Telecom
0,03%| Utilities -0,07%| Industrials -0,12%| ConsStaples -0,19%| ConsDisc
-0,35%| Healthcare -0,4% Merrill Lynch’s O’Neal Increases Investment Risks to Boost Lagging Returns – Morgan Stanley [...]

** US MARKETS **
Dow 0,14%; Nasdaq -0,28%; S&P -0,27%; Soxx -0,9%; Russel2k -0,44%; DJAIG 0,55%;
10yr Bond -0,59%; 10yr Yield 4,69%; Crude future 60,06; Gold 577,8

| Materials 0,51%| Telecom 0,2%| Energy 0,15%| Technology -0,18%| Healthcare
-0,26%| ConsDisc -0,29%| Financials -0,4%| Industrials -0,45%| ConsStaples
0,52%| Utilities -0,68% ThirdQuarter Earnings May Show U.S. Stock Investors Underestimated Risks – Orders for Machine [...]

** US MARKETS **
Dow 0,14%; Nasdaq 0,67%; S&P 0,22%; Soxx 0,3%; Russel2k 1,31%; DJAIG 1,67%;
10yr Bond 0,03%; 10yr Yield 4,6%; Crude future 59,83; Gold 570,6

| Materials 1,52%| Energy 1,41%| Industrials 0,9%| ConsDisc 0,36%| Financials
0,03%| Healthcare 0,03%| Technology -0,06%| ConsStaples -0,2%| Utilities -0,33%|
Telecom -1,59%

– The Dow closed at a record high for the third straight day [...]

** US MARKETS **
Dow 1,05%; Nasdaq 2,11%; S&P 1,21%; Soxx 1,9%; Russel2k 2,1%; DJAIG 0,51%; 10yr
Bond 0,04%; 10yr Yield 4,57%; Crude future 59,93; Gold 563

| Technology 1,96%| Energy 1,54%| ConsDisc 1,45%| Industrials 1,2%| Financials
1,13%| Telecom 0,99%| ConsStaples 0,96%| Healthcare 0,7%| Utilities 0,42%|
Materials 0,17%

– The Dow set a new alltime high as more proof of the [...]

- European equities trade down significantly as techs & energy sectors take the biggest hits. Energy stocks underperforming after crude traded down to $60.35/barrel. Techs under pressure following losses in the US & Asia.

– Commodities are lower across the board as well and the misery continues in the online gaiming stocks (Sporting bet -8%, [...]