Filed under: After the bell, Earnings reports, Google (GOOG), Market matters, Boeing Co (BA), Analyst initiations, Valero Energy (VLO), Economic data, Housing
After failing yesterday when a late-day selloff hit the market, today the buyers were determined. Asia proved that its markets could finally rally and the rest of the world followed suit. The markets had enough buyers this day that the worst consumer confidence on record and another poor housing number were swept as “yada yada yada, tell me something I don’t know.” The markets were also more hopeful that Ben Bernanke and friends at the FOMC will drop rates by 50 basis-points Wednesday.
Here were today’s unofficial closing bell levels:
DJIA: 9,065.12 +889.35 +10.88%
NASDAQ: 1,649.47 +143.57 +9.53%
S&P 500: 940.51 +91.59 +10.79%
10YR T-NOTE 3.82% (+0.091%)
Top Upgrades & Downgrades
Boeing Co. (NYSE: BA) reached a tentative pact that might end the machinists union strike at the aerospace giant. Shares were up 11% at $47.16 right before the close.
Discover Financial Services (NYSE: DFS) settled on the litigation with MasterCard and Visa, and it will receive a total of $2.75 billion over anti-competitive pressures. It was a known event, but this finalizes the issue sooner rather than later. Shares were up 18% at $11.48 right before the close.
Continue reading Closing Bell: Dow ends up almost 11%; BA, DFS, GOOG, VLO end with strong gains; WHR declines
Closing Bell: Dow ends up nearly 11%; BA, DFS, GOOG, VLO end with strong gains; WHR declines originally appeared on BloggingStocks on Tue, 28 Oct 2008 16:22:00 EST. Please see our terms for use of feeds.
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