I think a lot of people are sitting on their hands, waiting for a little more meaningful earnings reports, ... Alcoa was better than expected and we have GE earnings at the end of the week, so maybe that will give us some direction.
Techs are moving a little and you have oil and gasoline down, which is moving the transports. The drop in energy is also knocking the oil sector lower, and that's maybe weighing on the blue chips.
The news that Bush was aware of or maybe authorized the (intelligence) leak is what's causing the weakness in the market.
All the numbers we saw this morning were good for the market's purposes, ... GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.
All the numbers we saw this morning were good for the market's purposes. GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.