S&P 500 FINANCIALS INDEX
The Alerian MLP Index slipped 1¼ to 290, flat for 3 days. The REIT index was down a fraction. Junk bond funds were essentially flat. The yield on the Treasury 10-year bond was up a fraction of a basis point to 3.81%, but in higher territory.
Alerian MLP Index --- 2 weeks
Dow Jones REIT Index --- 2 weeks
Oil & gold pulled back slightly, not much happening here.
|CLH10.NYM||...Crude Oil Mar 10||...78.88 ||... 0.15 |
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Consumer prices rose less than expected in Jan while prices excluding food & energy fell. That hasn't happened in more than a quarter-century. The Labor Dept said consumer prices edged up 0.2% in Jan while prices excluding food & energy slipped 0.1%, the first monthly decline since Dec 1982. The benign inflation news gives the
Dell reported lower profits but modestly beat estimates. It said sales of its notebook computers were strong, though its gross margin was slightly below forecasts. EPS was 17¢ a share in Q4 (ending Jan 31), down a penny from last year. Excluding one-time items, the world's #3 maker of personal computers earned 28¢ a share, down from 29¢ last year. Sales in Q4 rose 11% to $14.9B. The stock dropped 1.05 (7%).
Dell Drops as Price Cuts, Component Costs Hurt Profit
Dell --- 2 years
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Markets absorbed the news about increased lending rates quite well. Meanwhile dismal reality of Greek debt problems, Toyota troubles & a US economy struggling to show recovery are holding back many stock buyers.
Dow Jones Industrials --- 2 weeks