MIDDAY LUNCH

Dow 10968.33  +41.26, Nasdaq 2426.27  +23.69, S&P 1186.64  +8.54 

Stocks remain higher this afternoon but the action is lackluster.

The Dollar Index has traded in a narrow range today.. At the moment it is down just -0.1%.  The dollar continues to be a primary source of support for or resistance against the stock market, depending on which way the dollar

 moves.

Treasuries remain under pressure in todays trading.  Results from a reopened auction of $8 billion in 10-year TIPS haven't helped.   The auction drew a yield of 1.71%.

Gains today increased after the release of the ISM Service Index and pending home sales figures.  The March ISM Service Index exceeded expectations and stands at a multiyear high of 55.4, while pending home sales for February made a surprise +8.2% month-over-month increase.