Friday, January 28, 2011

Cairo Chaos,Torrey Pines Brilliance

While a day of rage gripped the streets of Cairo,Egypt,flattening Wall Street,the PGA Tour was serenely underway Friday on the sunlit bluffs of Torrey Pines near La Jolla,California.American Bill Haas,winner of last year's Bob Hope Classic,topped the leaderboard with his -11,and Anthony Kim was second with a -9.Seven players shared the third spot at -8,including Phil Mickelson,who lives 20 minutes from the course,the longest on the tour.Tiger Woods was tied for twelfth with four others at -6.
The Mid-Atlantic region was far from that sunshine,still recovering from Wednesday's heavy rush hour snowfall,with many residents still without power under more gray skies and snow showers.A wintry mix is in the forecast for Tuesday into Wednesday.
The news from Egypt,together with disappointing earnings from Amazon,Microsoft and Ford,and generally overbought conditions,clipped the market's wings.They were slightly down on the week,with the S&P losing 0.6%.The Commodity Research Bureau Index was up 4.05,however.Next week will feature reports on employment,factory orders and auto sales.
The S&P futures were flat Friday evening,and bond futures prices rose.
Ford(F),Microsoft(MSFT),Amazon(AMZN)

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