Thursday, October 26, 2006

Market update 2:00PM

BioTech stocks graph
Absent a convincing means to more aggressively lift stocks higher earlier, further deterioration in oil prices is finally acting as an incentive for buyers to keep the rally going. Crude oil is now down 2.0% at $60.15/bbl, losing ground in sympathy with a sell-off in natural gas futures. After surging 12% over the last two sessions, natural gas for November delivery is now down 3% amid record inventories and the Nov. contract expiring tomorrow.DJ30 +19.29 NASDAQ +14.32 SP500 +4.84 NASDAQ Dec/Adv/Vol 1221/1730/1.49 bln NYSE Dec/Adv/Vol 1207/1990/1.04 bln

Biotech is up at this hour:
Biotechnology
Composite Value: 1123.9
Today's Change: +1.30%
S&P 500: +0.33%

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