4:20 pm : This morning, optimistic anticipation of the first quarter earnings season and (modest) improvements in the Treasury market had motivated buyers. Bond yields remained high, though, and their stunted recovery squelched the stock market's momentum. Investors shrugged off rising energy prices for a large part of the day, but crude's 2% afternoon spike helped to further dampen buying efforts.
With respect to the Treasury market, we continue to emphasize its effect on equity trade. Today's action reflects the attention that bond yields are receiving from the stock
Magnesium Measures Up Toss a spinach-avocado-cashew salad tonight to reduce your risk of metabolic syndrome.
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General Health Tip
Men: Eat More Tomatoes. Research suggests that lycopene, a substance found in tomatoes, may play a role in lowering men's odds of developing prostate cancer. Cooked tomato products, such as tomato sauce, are particularly healthful.
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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?
Huge Crowds March for Immigration Rights A crowd of people march in downtown Los Angeles during an immigration rally on Monday, April 10, 2006. Hundreds of thousands of people demanding U.S. citizenship for illegal immigrants spilled into the streets Monday in dozens of cities from New York to San Diego in some of the most widespread demonstrations since mass protests began around the country last month. (AP Photo/Branimir Kvartuc)
2:36 pm PT Market Wrap : This morning, optimistic anticipation of the first quarter earnings season and (modest) improvements in the Treasury market had motivated buyers. Bond yields remained high, though, and their stunted recovery squelched the stock markets momentum. Investors shrugged off rising energy prices for a large part of the day, but crudes 2% afternoon spike helped to further dampen buying efforts.
1:33 pm PT eSpeed announces resignation of CFO Jay Ryan, effective May 16 (ESPD) : Co announces that CFO Jay Ryan has resigned.�Ryan has accepted a position as the CFO at a hedge fund. He will continue to perform his duties at eSpeed until May 16, 2006, and will oversee eSpeed's next planned earnings announcement and 10-Q filing.�Co plans to immediately begin a search to replace its CFO, and will announce a successor when this process is completed.
1:32 pm PT Franklin Resources reports month-end assets under management (BEN) : Co reports preliminary month-end assets under management by the co's subsidiaries of $491.6 bln for the month ended March 31, compared to $484.6 bln in the preceding month and $412.1 bln in the same month a year ago.