Market turn negative in the afternoon due to concerns with rising rate, volatile energy prices, and upcoming earning season. The next economic news that may impact the market is the non-farm payroll and umemployment data. This will certainly make the market more nervous as to how the Fed will interpret the data.

Retail sector is the bright spot today. Many retailers like Wal-mart, Target, and StarBucks all announce strong September sales. The retail sector is definitely on the move even the one that announce disappointment numbers get a boost on the stock as well.

This entry was posted on Thursday, October 6th, 2005 at 2:04 pm and is filed under Market Mid-Day, Stock Market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.