MIDDAY LUNCH

Dow 10210.28  -39.26, Nasdaq 2285.34  +4.27, S&P 1095.67  -2.71 

A lack of leadership and technical resistance has cause stocks to give up their early gains.  The weakest sectors today are material stocks -2.2% and financials -1.3%.

Economic data released today has not helped.  The ADP Employment reported showed a smaller than expected increase in private payrolls.  This left traders a little nervous since tomorrow the government is set to release their Non-farm payroll report.

Initial Jobless Claims came pretty much in line with estimates, but continuing claims jumped to 466,600 which was higher than economist had estimated.

Also Non-farm productivity missed estimates while the ISM Services Index met expectations.

TJX Companies (TJX) 46.07 -0.04, -0.10% reported same store sales on $1.6 billion which was up +8% over the prior month.

Microsoft (MSFT) 26.69 +0.23, +0.87% shares are currently higher and leading the Dow.