Market Set To Open Slightly Higher

9:20am (EST)

It was another choppy session on Wall Street as the market ended Wednesday mixed. The Dow fell 19 points to close at 10,452 while the Nasdaq (2,185 up 9) and S&P 500 (1,109 up 1) both ended higher. The dollar’s advance helped put a skid to the bulls’ plans to make it three-in-a-row but you they came pretty close to keeping the streak alive.

The stem cell-based stocks got a lift yesterday after it was learned that federally funded scientists are experimenting with human stem cells. For the first time under its new, streamlined policy on the issue, the Obama administration is allowing more extensive research in the area.

Under the Bush administration, scientists could only receive federal funds for studying a strictly limited number of lines of stem cells. The Obama administration is providing federal funds for many more stem cell lines.

We aren’t too excited about the sector right now but there could be some interesting developments in stocks like StemCells (STEM, $1.48, up $0.40) and Geron (GERN, $6.20, up $0.76) down the road.

We‘ve got lots to cover in our members Area so let’s get to it. Current subscribers, check the members Area for the updates…

As we head to press, Dow futures are up nearly 40 points…

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Market Set To Open Slightly Higher

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