Originally posted by Seanote
Late Sell-off Hits Stocks
Concerns that the mild economic recovery won't spark a major rebound in corporate earnings weighed on stocks despite some better than expected results from companies such as Amazon.com (AMZN) and Qualcomm Inc. (QCOM). March durable goods orders were weaker than expected and the Fed's Beige Book pointed to slow economic growth.
The Dow Jones Industrial Average fell 59 points (0.6%) to 10,030, the S&P 500 index dropped 8 points (0.7%) to 1093, and the Nasdaq composite fell 17 points (1.0%) to 1713. Brokerage, semiconductor and software shares led the decline while airline and telecom stocks stood out among the gainers. Volume on the Big Board was 1.4 billion shares as 1.9 billion shares changed hands on the Nasdaq.
TODAYS EXECUTIONS:
12:25:43 DOX BOT 2000 23.15
10:47:20 DIS BOT 2000 24.86
OPEN POSITIONS:
Short .SJXQL 8 17.00 +21.30
Short MRK 2000 56.38 +1.53
Short TLAB 3000 9.68 +1.08
Long DIS 2000 24.86 -0.31
Long PALM 5000 4.01 -0.66
Long CKP 2000 18.50 -1.73
CLOSED P&L: $1,660 OPEN P&L: $15,960
TOTAL CLOSED P&L: $49,776