Stock Market Recap



June 4, 2005 -- The US stock market saw a slight advance today. All the same, the broad markets began with a slow session to start the day. Throughout regular trading hours stocks moved horizontal to ultimately rally on the session fractionally.

Reports with respect to war, the trade deficit, and unemployment supplied folks a lot to think about. Most analysts felt that big news like, Bush Picks California Rep. Cox to Head SEC, Iteris Falls to 4Q Loss on Charges, and Huntington to Pay Fine to Settle SEC Claim, didn't have much to do with the way stocks traded today.

You could find some winners, however. Stocks that saw substantial gains include Midwest Air Group Inc (NYSE:MEH), Ceco Environmental Corp (Nasdaq:CECE), and Stage Stores Wts A 2006 (Nasdaq:STGSW). Investors were particularly interested in Stage Stores Wts A 2006 (Nasdaq:STGSW).

Even casual analysts are of the opinion that equities are near a point of no return. In light of all the trepidation concerning the stock market of late regarding oil, it's sortof interesting the stock market didn't move down. Truth be told, someone might be curious why the equity markets moved higher as the market was closing for the day anyhow.

One commentator reported, "The overall story hasn't changed. Consumers continue to spend, though unevenly." - Ken Perkins, president of RetailMetrics LLC

Stocks you'll need to look at for the next market session include, among others, Intel Corp (Nasdaq:INTC), Semiconductor Hldrs Tr (AMEX:SMH), and Nortel Networks Holding (NYSE:NT). Volume was particularly powerful with these three stocks. We should find the same big volume tomorrow.





Stock Market Recap