4:20 pm : Like yesterday, the major averages attempted to advance. Again, though, attention was fixed on the Treasury market, and bond yields stifled the stock market's upward efforts.
Yesterday, the equity market finally responded to the upward push in bond yields. Conditions did not worsen today, nor did they really improve. Over the course of the week, the yield on the benchmark 10-year note went from 4.67% (last Friday) to 4.85%. That still leaves it at a 21-month high. The 4.9% on the�30-year, meanwhile, is a yield that that note hasn't seen in about a year. In the
Deep Thought When you have a big decision to make, you may feel better if you let your unconscious mind point you in the right direction.
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General Health Tip
Keep a Food Diary. The best way to start eating healthier is to log everything you eat for 3 days. The first step in changing for the better -- see how often you eat 5 fruits and vegetables a day. Make reaching that mark your first goal.
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NATALEE'S UNCLE SAYS 'RE-ARREST DEEPAK!'
Natalee Holloway's uncle is demanding that suspect Deepak Kalpoe be re-arrested in the 10-month-old mystery of the pretty blonde honor student who disappeared in Aruba. Deepak, his brother Satish and Joran van der Sloot were with the Alabama teen, pictured center, when she was last seen leaving a bar on the island in the early hours of May 30. Her uncle Paul Reynolds told The National Enquirer that he believes Deepak, 21, should be the chief suspect instead of van der Sloot, 18. Reynolds also... STAR JONES CHEATS DEATH AS SHE UNDERGOES PLASTIC SURGERY A WILD NIGHT OUT FOR JESSE & HIS PARTY PAL LINDSAY
Star Magazine
KATIE HOLMES: FEARING FOR HER TOMKITTEN
Katie Holmes was already worried about the upcoming birth of her baby. According to the tenets of 43-year-old fiancé Tom Cruise's religion, Scientology, she'll have to be silent (not even a moan!) during the delivery, lest the trauma be imprinted in her baby's brain. Plus, a source says, "Only Tom and a few Scientology supporters will be in the room — not Katie's mother!" And Scientology advocates separating the baby from its mother for at least the first 24 hours after birth. Now... IT'S OVER! KRISTIN CHEATS ON NICK WITH HER EX! ANGELINA PILOTING HER PLANE AT 7 1/2 MONTHS: IS SHE CRAZY?
Cries for Help Edited Out of 9/11 Tapes Glen Corbett, left, a professor of fire science at John Jay College, assists Rosemary Cain, center, and Barbara Hetzel as they listen to compact discs of emergency calls from Sept. 11, 2001, released in New York Friday March 31, 2006. Nearly nine hours of emergency calls, some made from inside the doomed World Trade Center, were released Friday by city officials, detailing the responses of 911 operators to frantic calls made in the chaos following the Sept. 11, 2001, terrorist attack. Both Cain and Hetzel lost firefighter sons in the 9/11 attack. (AP Photo/Richard Drew)
12:57 pm PT Afternoon Wrap: Quiet end, large cap indices lagging : A generally quiet end to the week/month/quarter with the small- and mid-cap averages along with the Nasdaq indices drifting within relatively narrow ranges near recent highs most of the last two sessions.� The larger cap S&P 500 and Dow have pulled back further off their highs and are poised to end the week in the red.� From a longer term perspective all of the averages except the Dow have posted gains over the last four quarters (Dow�three in a row).� Recent sector leaders�applied some pressure today (Oil Service -1.9%, Steel -1.4%, Gold -1.2%, Mining -1.2%, Natural Gas -1.1%, Oil -1%) along with Semi -1% but volume has been on the light side.� Other than Airline +2.2%, gains were modest (Transports +0.45, Rail +0.3%, Broker/Dealer +0.3%).�
12:36 pm PT DUSA Pharma reports lawsuit (DUSA) 6.99 -0.07 : Co reports that a lawsuit was filed by River's Edge Pharmaceuticals, LLC on March 28, 2006, alleging, among other things, that Sirius Laboratories, a wholly-owned subsidiary of DUSA, agreed to authorize River's Edge to market a generic version of Nicomide, and that the United States patent covering Nicomide issued to Sirius in December, 2005 is invalid. The declaratory judgment suit was filed in the United States District Court for the Northern District of Georgia, Gainesville Division. Nicomide is one of the key products DUSA acquired from Sirius Laboratories, Inc. in its recent merger, which closed on March 10, 2006.
12:30 pm PT Conference/Events Calendar for the week of April 3rd-7th: : Events of interest for the week of April 3rd-7th include: Monday: GM, F, and DCX March Sales; DUK Analyst Meeting; QTWW at SAE 2006 World Congress; RIGL at American Association for Cancer Research 2006 Annual Meeting; Fed: Kroszner speaks at European conf ... Tuesday: BOBE March Sales Results; PZZA March Sales Release; ABR, AHR, DFR, JRT at CIBC World Markets Annual Biotech & Specialty Pharma Conf; ABR, CT, LNR, NRF at Credit Suisse Real Estate Conf; DRIV at Gartner RetailVision Spring 2006; GPOR, SWSI, BRNC, PLLL at Johnson Rice Emerging Energy Growth Conf; KRON, WOOF, POOL, CTEC at Sidoti & Co 10th Annual Emerging Growth Institutional Investor Forum; VAR at Banc of America San Francisco Health Care Mini Conf; Fed: Moskow speaks at European conf; Hoenig talks on monetary policy; Fisher speaks on free enterprise; Lacker speaks to economic roundtable ... Wednesday: ADSK Analyst Meeting; APOL Analyst Meeting; AEOS March Sales Release; MW March Sales Release; ARO March Sales; HOTT March Sales Release; FLO Analyst Meeting; AEE, LNT, WR at Berenson & Co. Midwest Utility Seminar; ANX, CTIC, NUVO, MEMY at CIBC World Markets Annual Biotech & Specialty Pharma Conf; AUDC, GIVN, NSTC at Merrill Lynch Israeli Equity One-on-One Forum; BRE, EQY, HPT, WRE at Credit Suisse Real Estate Conf; MVK at Sidoti & Company 10th Annual Emerging Growth Institutional Investor Forum; Fed: Snow testifies at House Appropriations Commitee; Hoenig speaks on monetary policy ...Thursday: APOL Analyst Meeting; PLAB Analyst Meeting; TS Investor Day; VICL Analyst and Investor Day; CHC, JRT, NXL, IRC at Credit Suisse Real Estate Conf; DUK, EMBX, RHAT, BBT at SEInvest 2006; ECLP, ITRI at Goldman Sachs Small Cap Growth Conf 2006; LTD, TJX, ANF, PLCE, GES announce Ma...