NYSE---Deb (fast)
Market briefing---Matt (slow)
things could be much more weaker than some investors were expecting. cisco dragged down a whole host of technology stocks from intel to dell to even texas instruments and even hewlett-packard down were% -shares of many media and entertainment companies, banks and insurers even utility and energy companies. and what rose once again in today’s session as we saw yesterday, that was shares of the typically defensive industry, things like consumer staples and also healthcare stocks .% a lot of traders that i talked to like peter henderson of fleet specialist, he said investors are really concerned about interest rates going up. and higher rates favor more attractively priced groups things like drug stocks also some of the so soda companies and even some of the toothpaste makers, but you did see tech stocks losing indeed that’s what’s happening after that initial surge, tech stocks kind of taking a back seat to many of the healthcare and consumer staples, which are actually now in the lead this year, not technology we’ve kind of seen this reversal you can see the reversal in this chart with technology, that’s the red line, a little bit lower now but consumer staples and healthcare really kind of giving up, you can see the gains that we’re seeing there. also proctor and gamble and pfizer among those actually rising in today’s session. pfizer hitting a 52-week high in today’s session. brian chief strategist with u.s. bank corp piper jaffray he said when you hear everyone talking about this being a big rotation, he says sometimes it could be an over reaction, he does think that technology may give back some of their performance here, he says but that’s actually pretty normal given the move that we’ve had. taking a look at wb other tok, mcdonald’s also gaining on the day. actually about a dime away from setting a new 18-month high. smith barney saying that new products are driving much higher towards sales in january and february, the firm more than doubled their january forecast. that’s it from here, back to you in the studio, matt.
>> deb, while you were speaking we are tracking some headlines from a conference call from pixar, we’ve been talking about the quarter they had up 400% thanks to “finding nemo” the c.f.o. and c.e.o. steve jobs speaking currently, the c.f.o. anne mathers says she’s expects first quarter profit to be 30 cents a share, just looked up the average estimate right now stands at 5 cents a share. huge missed sale, have to find out more details.% also steve jobs says they have received calls from, quote, every major studio about possible partnerships after the split with pixar and disney. up next, we’re going to take a closer look at the opportunities and risks facing the russian market, index that is up 80% in the past year. as measured by the russian trading systems index, presidential elections also being held there this year.
