June 4, 2005 -- The US stock market saw a slight advance today. All the same, the broad markets began with a slow session to start the day. Throughout regular trading hours stocks moved horizontal to ultimately rally on the session fractionally.
FREE WEB SITE
DESIGN MAKEOVER!
 If you are looking to increase leads, sales and establish credibility, then a professionally designed custom web site design may be exactly what you need. Xeal is giving away over $30,000 worth of SmartExpress Web Site Designs, with a drawing for a new winner every month.
Click here to enter! |
Reports with respect to war, the trade deficit, and unemployment supplied folks a lot to think about. Most analysts felt that big news like, Bush Picks California Rep. Cox to Head SEC, Iteris Falls to 4Q Loss on Charges, and Huntington to Pay Fine to Settle SEC Claim, didn't have much to do with the way stocks traded today.
You could find some winners, however. Stocks that saw substantial gains include Midwest Air Group Inc (NYSE:MEH), Ceco Environmental Corp (Nasdaq:CECE), and Stage Stores Wts A 2006 (Nasdaq:STGSW). Investors were particularly interested in Stage Stores Wts A 2006 (Nasdaq:STGSW).
Even casual analysts are of the opinion that equities are near a point of no return. In light of all the trepidation concerning the stock market of late regarding oil, it's sortof interesting the stock market didn't move down. Truth be told, someone might be curious why the equity markets moved higher as the market was closing for the day anyhow.
One commentator reported, "The overall story hasn't changed. Consumers continue to spend, though unevenly." - Ken Perkins, president of RetailMetrics LLC
Stocks you'll need to look at for the next market session include, among others, Intel Corp (Nasdaq:INTC), Semiconductor Hldrs Tr (AMEX:SMH), and Nortel Networks Holding (NYSE:NT). Volume was particularly powerful with these three stocks. We should find the same big volume tomorrow.
