New 2009 Highs for the Stocks

Stocks surrendered their fresh 2009 highs after ISM Non-Mfg Index tumbled. It is down 2 points to 48.7. The Index surveys 400 firms from different sectors including not not limited to construction agriculture, wholesale trade and retail trade. S&P 500 finally found support at 1,106.87. Stocks are now trading with a mixed fashion. Financials are leading the market with moderate gains, up 0.78% at 14.78 (XLF). The main laggards are Materials and Energy, down, 0.72% and0.84% respectively.

Meanwhile, the greenback is making a comeback as Gold fell into the red territory. It is now trading with some moderate losses, last traded at $1209.50 an ounce, down .47%.

All the eyes are now turned to the The Employment Situation, which will be released at 8.30am tomorrow. The consensus is at 10.2%, unchanged from the previous reading.