The Midday Market

Thanks to Kinder Morgan, the energy sector got off to a strong start this morning, but now it’s been dragged lower with the rest of the market. Of the 100 Dow industry groups, 93 are currently down for the day. The S&P 500 just dipped below the -1% mark for the day.
For a fleeting moment last week, the 10-year Treasury yield fell below 5%, which is the Fed’s target rate for overnight lending. The inversion didn’t last long. Yields are up all across the yield curve. The 10-year came close to breaking 5.1% today.
On the Buy List, Home Depot (HD) and Danaher (DHR) are both down over 2%. Dell (DELL) is back up to $25 a share. Medtronic (MDT) is taking a rest after its recent run. I wouldn’t be surprised to see Medtronic make a run at $55 a share.

Posted by on May 30th, 2006 at 1:41 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.