Rally runs out of gas

On the back of our strength yesterday, Asia was higher last night, as was Europe for the most part. As for our equity market, the early going was spent flopping around unchanged, with no particular theme. At midday the market drifted a bit lower, led by the Nasdaq, and with about an hour to go when I had to leave, the indices had lost about 0.5% and looked to be headed lower, still.
All in all, there just wasn't a whole heck of a lot to say about today. However, the next handful of sessions may be informative as we see whether or not the market "fails" around these levels, and if so, what the next decline looks like.
Away from stocks: The dollar was mixed but the euro closed at a new low for the year. Oil declined 1.5%. The piggys were lower. The metals lost 1%-ish.
Index Close % Change
Dow 10780.91 -1.06
S&P 500 1157.25 -1.23
Nasdaq 2394.36 -1.26
Nasdaq 100 1945.52 -1.52
Russell 2000 709.58 -0.91
Sox Index 364.94 -2.7
Bank Index 55.03 -1.54
Dow Transports 4571.43 -1.86
Dow Utilities 382.62 -0.58
Nikkei 225 10620.55 +2.18
Gold - Front Month 1232.2 -0.88
Silver - Front Month 19.42 -1.24
Crude Oil 73.93 -2.27
Dollar Index 85.36 +0.62
Euro Spot 1.25 -0.63
Long Bond 20-year 120.78 +0.39
FOTM - Yen Spot 92.75 +0.53
5/13/2010 4:05 PM