MARKET PULSE

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Stocks have pared earlier gains, as all three major U.S. indices cling to modest gains in afternoon trading.

Economic Reports:

Durable Goods show a 0.8% increase for the month of June, up from a revised 0.1% increase the prior month - Full story;

Michigan Sentiment (Rev) is at 61.2 for the month of July, up from the 56.6 preliminary figure;

New Home Sales are at 530,000 units for the month of June, down from a revised 533,000 units the prior month - Full story.

Raytheon Co. reports 2nd-qtr earnings of $1.00/share, down from $2.97/share in the same qtr last year - Full story.

Legg Mason, Inc. reports a fiscal 1st-qtr net loss of $0.22/diluted share, down from income of $1.32/share in the same period last year - Full story.

Netflix Inc. reports 2nd-qtr earnings of $0.42/share, up from $0.37/share in the year ago period - Full story.

Arch Coal, Inc. reports 2nd-qtr net income of $0.78/diluted share, triple the $0.26/share in the prior year period - Full story.

Honda Motor Co. reports fiscal 1st-qtr earnings of $1.68 billion, above analyst forecasts of $1.2 billion - Full story.

Infineon Technologies AG reports a fiscal 3rd-qtr loss of $928 million, also plans to cut approximately 3,000 jobs - Full story.

Major overseas markets have posted mostly lower results for Friday. London's FTSE was down 0.18%, Frankfurt's DAX closed down 0.06%, and Paris' CAC finished up 0.67%. Japan's Nikkei was down 1.97%, Hong Kong's Hang Seng closed down 1.50%, and Sydney's All Ordinaries Index finished down 3.03%.

Economic Calendar:

Mon: No Reports Today;
Tues: Consumer Confidence;
Wed: ADP Employment;
Thurs: Chain Deflator (Adv), Employment Cost Index, GDP (Adv), and Initial Jobless Claims;
Fri: Hourly Earnings, Nonfarm Payrolls, Unemployment Rate, Construction Spending, and ISM Index.

Aaron Jacobs - News Editor
aaron.jacobs@mworld.com

Market Overview
(07/25/2008 03:41 PM ET)

			+3.4		+27.7		+23.2		+24.1
	Dow 11346		S&P 500 1256		NYSE 8398		AMEX 2148		NASDAQ 2304
	-3.3

Trading Volume(mil):		NYSE: 1027		NASDAQ: 1795

Key Indicators

+0.050		+4.50		+0.001
U.S. 3mo T-Bills 1.690%	Crude Oil 123.26	Gold 926.80	LIBOR 2.46%	$/Euro 1.570
	-2.23		0.00
14:59	14:27	13:29	Thu	15:59

World Markets

Amsterdam EOE	395.8	-0.9	Fri 12:07
Brazil Bovespa	57,041.2	-393.2	Fri 15:40
Frankfurt DAX	6,436.7	-4.0	Fri 11:45
FTSE™ 100	5,352.6	-9.7	Fri 11:35
Hang Seng	22,740.7	-347.0	Fri 04:22
Madrid General	1,247.6	-10.1	Fri 11:30
Mexican IPC	27,100.3	+222.1	Fri 15:27
Milan Stock Exchange	21,972.0	+50.0	Fri 11:40
Nikkei Dow	13,334.8	-268.5	Fri 02:21
Paris CAC 40	4,377.2	+29.2	Fri 12:20
Seoul Composite	1,597.9	-28.2	Fri 03:48
Shanghai Composite	2,865.1	-45.2	Fri 03:00
Stockholm General	273.5	+0.3	Fri 11:45
Straits Times	2,922.9	-55.0	Fri 05:10
Swiss Zurich	7,015.0	-41.9	Fri 11:31
Sydney All Ord	5,031.0	-157.4	Fri 02:25
Toronto Exchg	13,306.0	+100.0	Fri 15:40

U.S. Treasury Rates

U.S. - 5yr T-Notes	3.45%	+0.06	Fri 14:59
U.S. - 10yr T-Notes	4.11%	+0.06	Fri 14:59
U.S. - 30yr T-Notes	4.70%	+0.04	Fri 14:59

Securities In Bulletin

Arch Coal Inc	55.54	+4.60	15:39
Honda Motor Co Ltd	33.87	-0.89	15:39
Infineon Tech	7.86	+0.36	15:39
Legg Mason Inc	39.27	+1.06	15:39
Netflix Inc	27.77	+1.04	15:43
Raytheon	57.18	+0.22	15:39