Reply #76: 1:09 EST numbers and blather

[UpInArms]

Dow 10,336.62 -67.31 (-0.65%)
Nasdaq 1,959.42 -14.95 (-0.76%)
S&P 500 1,168.07 -5.72 (-0.49%)
10-Yr Bond 4.370 -0.04 (-0.09%)

NYSE Volume 1,226,561,000
Nasdaq Volume 1,024,999,000

1:00PM: Broader market action leaves little to be desired, but there are some individual stories of note that are generating excitement... Shares of Kerr-McGee (KMG 79.11 +5.14) have surged after announcing plans to buy back up to $4.0 bln of its stock (between $85 and $92 a share)... Mentor Corp (MNT 37.92 +2.59) has also surged after an FDA panel surprisingly voted in favor of its silicone breast implants returning to the market while shares of Sherwin-Williams (SHW 45.56 +2.05) have climbed after the company raised FY05 guidance amid better than expected Q1 earnings... NYSE Adv/Dec 1116/2038, Nasdaq Adv/Dec 1035/1844

12:30PM: Sellers remain in control of the action as the major averages continue to trade near session lows... On the Dow, General Motors (GM 27.27 -1.06) has paced the way to the downside, amid reports that criminals have obtained personal data related to its company-branded MasterCard... Alcoa (AA 29.83 -0.57), Caterpillar (CAT 86.94 -1.66) and DuPont (DD 48.19 -0.50) have also been under pressure, arguably victims of a stronger dollar, while defensive components like Coca-Cola (KO 42.30 +0.20), Proctor & Gamble (PG 55.43 +0.22) and Altria (MO 66.09 +0.22) have actually faired rather well... NYSE Adv/Dec 1080/2050, Nasdaq Adv/Dec 1054/1772

looks like there was more than one reason for GM to tank