Market this Friday 7/28

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personal consumption expenditures were up for month of aug - a stronger than expected 0.6% supporting third quarter GDP....core PCE deflator was up just 0.1%, in line with expectations. yoy increase stands at just 1.8%.

The Chicago PMI, a regional manufacturer survey, checked in at 54.2 for September versus 53.8 in the prior month and the consensus estimate of 53.0....positive economic reports it seems for mrkts to be in red....perhaps early profit taking...Dow -39.10 rtq...Naz -10.03

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eight of the ten economic sectors in negative territory currently and selling seems somewhat broad based...Dow - 34.14 rtq [real time quote] Naz - 8.06

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1. 3Com to Be Sold for $2.2B: Financial News
   
2. The Dollar's Drop Is Drawing Buyers Into Energy Markets, Sending Oil Above $83 a Barrel
3. U.S. Economy: Consumer Spending Increases More Than Forecast

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indices are holding fairly steady following positive economic reports, but have yet to make any real headway reflecting positivity ....Dow red 42.43 Points Naz -10.23

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major indices have seen some upward push since the last update, but are stilling trading near in negative territory....Dow - 7.80 Points Naz -5.84 rtq.