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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 edelfenbein at May 30, 2006 1:41 PM