Markets Leap, Oil Dips, Dollar Gains

The stock market ended the week on a highly positive note, making up yesterdays sharp decline, due to a stronger US Dollar and steeply falling oil prices. The DJIA added +302.89 to 11734.32, the Nasdaq advanced +58.37 to 2414.10 and the broad based S&P 500 soared +30.25 to 1296.31.

Fannie Mae (FNM | Quote | Chart | News | PowerRating) - The beat down mortgage giant gave back another 9.35% or $0.93 to $9.02/share after posting a 2.3 billion dollar lose due to rising mortgage defaults.

Home Depot (HD | Quote | Chart | News | PowerRating) built a gain of 7.60% or $1.86 to $26.34/share on the back of lowering oil prices potentially increasing consumer confidence.

Fuel Systems Solutions (FSYS | Quote | Chart | News | PowerRating) soared 29.40% or $12.22/share to $53.78 as the alternative fuel device maker increased the full year sales forecast to $350 million from $320 million.

Live Nation (LYV | Quote | Chart | News | PowerRating) - The concert promoter rocketed up 27.97% or $3.53/share to $16.15 posted second quarter profits surprising analysts who were forecasting losses.

Gold continues it precipitous decline, falling $14.60 to $863.30/oz. Oil fell another $5.12 to $114.90/barrel and surprisingly the VIX gave back just 2.32% to 20.66.

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