Market this Wed 7/26

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Stocks holding steady despite weaker than expected durable goods new orders for August. Total orders were down 4.9%. Excluding transportation, orders were down 1.8%. This followed large orders gains in July, so a sizable drop in this volatile series is not surprising...the GM-UAW labor accord continues to be the basis for market upside so far...Dow up 62.94 Points Naz up 15.98

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1. UAW, GM Tentatively OK New Contract
2. U.S. Stocks Climb; General Motors, Chevron Shares Advance
3. Citic Surpasses Lehman, Schwab as Savings Lift Stocks

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the indices continue to sustain its gains into the second hour of today' session...advancers in control for the moment of breadth. earlier the Dept of Energy announced that weekly crude inventories rose 1.84 million barrels. The consensus estimate, according to a Bloomberg survey, called for a draw of 2.15 million barrels....Dow up 61 Points Naz + 14.97

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major indices continue to hold close to their intraday highs. The General Motors and UAW labor agreement continues to be a catalyst for the positive bias with buy programs in full force....Dow highest levels into the session printing 87 to tape, Naz + 24.65 rtq.

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markets continue to hold the bulk of this morning's gains. participation is fairly broad-based with sustainability on high levels...dow up 82 Points Naz up 22.91 rtq.