NYSE---Deb (fast)
Nasdaq---Julie (slow)
>> . first we begin with the dow jones industrial average chart and we show the intraday action there is downward throughout the session as you can see, finishing just in the last few minutes trading up off the lows of the session but certainly the general trend throughout the day is downward. moving to volume at the big board, 1.5 billion shares traded.
>> our deborah kostroun is at the big board with a wrap-up of the action there. deb?
>> you’re right, bob, a little bit of a slight rebound in this last hour but the big story for the second day in a row is we had weak internals, 1.4 billion shares traded, down volume. we didn’t make it to the green at all today. cyclicals leading this market lower. you have a lot of drags in the dow like united technologies, also boeing dragging the aerospace index, bonds rally once again for the third time in―third day in a row related to the jobs report we saw friday. closing out at 3.71%. commodities reaching new highs once again. we have been talking about commodities all year. silver today exceeding $7 an ounce for the first time in six years, copper this month reaching an eight year high. gold a 15-year high. over $304 an ounce. keep an eye on commodities, because when commodities get high you get concerns about inflation. commodities high, crude oil still at lofty levels, not the $37 a barrel we saw at this time last year. aerospace and defense, we talked about that, boeing dragging things as they are facing a decline in defense contracts. the company saying that the government making some pretty difficult choices with defense as they try to trim the budget deficit. that led united technologies lower, also lockheed martin, remember they are the biggest defense contractor in the u.s. so a lot of downward pressure on those aerospace and defense. g.e. was the most actively traded stock, today. that was the biggest drag in the s&p 500 as they sold new stocks for the first time since 1961 -- this is to help pay for their acquisition of vivendi universal. a lot of concerns about that diluting some of the shares. one of the big turnaround stocks in today’s session that really kind of started this upward, downward push today was ibm a one-day chart of that in a bloomberg exclusive story that ibm may lose some or all of a $5 billion contract with j.p. morgan chase after they complete their acquisition with bank one, something that jamie dimond had been doing before his tenure with bank one, about $2 billion worth of similar contracts with ibm back to you in the studio, bob.
>> thank you, deborah kostroun. net2phone. earnings news. second quarter loss of 13 cents a share. excluding items a loss of about four cents a share from calculations.
>> the price had extended hours, net2phone shares are down almost 4% at $6.41. moving on, let’s check now at the nasdaq numbers as they closed on this tuesday afternoon. we begin with the chart of the nasdaq intraday. we see the similar action we’ve noted on the other big index charts. downward action throughout the day but a big―i should say a little bounce up in the last 20 or 30 minutes of trading. checking vom―volume, a little over $2 billion shares traded and advancers trailing decliners. julie hyman with details.
>> interesting phenomenon today because really the upbeat news that we had from some of the nasdaq companies fell on deaf ears. over on the new york stock exchange, texas instruments said sales would be at the high end of estimates. those shares fell. same sort of thing happening hereot nasdaq and in particular happening with triquint semiconductor, raising its sales forecast up to $87 million, at least the second time it has raised its forecast. however, those shares falling 8%. they are up about 170% in the last year. folks still continuing rotation out of some of these stocks that have gained the most in the last year. barry randall manages the first american technology fund at u.s. banc orp and he says march tends to be seasonably slow and so technical levels take over. people look at the technical levels of companies, how much they have gained, this sort of thing, and that seems to be more ruling than the fundamentals according to randall. i also want to look at human guillermo nome sciences because this wasn’t -- at human genome sciences. tests success the vacks eastbound―vaccine is safe and it may boost the body’s protection against anthrax. shares down about 1.2%. shares have fallen about 17% since friday when s&p cut the credit rating on the company to junk―finally let’s talk about oracle and peoplesoft. seems like this saga keeps anything on and on. today the government argued that oracle offered discounts to compete for sales with s&p and with peoplesoft. the government says that that supports its argument that if you got rid of peoplesoft, that is if oracle bought peoplesoft that there wouldn’t be enough competition for oracle. bob, back over to you.
>> thank you, julie hyman, shares of martha stewart living omnimedia fell for the fourth straight session following the conviction of its founder and namesake. the latest on the martha case.
>> another bad day for martha stewart and her business of providing advice to home-makers and newlyweds. her columns will no longer be distributed under the names “ask martha” and “ask martha weddings” they will be called “living” and “weddings.” martha stewart living omnimedia closed down another 3.5% to settle at 9.55, the stock off more than 30% since 3:00 p.m. friday when the jury returned guilty verdicts against stewart and her co-defendant peter bacanovic. stewart has been accused of insider trading by the s.e.c. she resigned from the ref lon board yesterday. on the―from the revlon board yesterday. viacom has cancelled her show on all viacom operated stations including wcbs in new york. viewership has declined 20% since stewart came under investigation in 2002. the trial of former tyco c.e.o. dennis kozlowski and mark swarz delayed for two days in closing arguments because kozlowski’s lawyer is sick. they had to send the jury home.
>> interesting that martha stewart lost the viacom shows but “the new york times” syndicate didn’t take the columns away from her company, it just won’t be called “martha.”
>> right. the issue, of course, is how much can the company be identified with her and still survive?
>> alan dobbs frank, thanks as always for that. let’s get to the rest the of the numbers. we begin with the nyse.
>> crude oil fell on expectations an energy department report out tomorrow will show u.s. inventories rose last week. crude ended the day down .7%. checking treasuries we see a rally in the treasury market . the 10- and five-year up --
>> currency, the dollar rallying against the jeaps yen, the euro and the pound. when we come back, weakness in stocks continues.
