Wall Street Wins, Quadruple Witching, Unemployment Soars
Wall Street wins with another positive day on this last trading session of the week. Quadruple witching and negative news from the employment front added to the volatility despite the overall bullish sentiment. Unemployment rates have gained in 27 states with Nevada and California hitting all time record levels. The DJIA advanced +36.28 to 9820.20, the tech heavy Nasdaq added +6.11 to 2132.86 and the broad based S&P 500 eased higher by +2.81 to 1068.30.
E*Trade Financial
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PowerRating): The venerable online trading powerhouse was upgraded to a “buy” at Goldman Sachs sending shares higher by 8.24% or 14 cents to $1.84.
Charles Schwab
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PowerRating): On the other hand, Goldman Sachs lowered its rating on the original discount brokerage to “netural”, sending shares lower by 0.73% or 13 cents to $17.61.
KB Home
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PowerRating): JP Morgan increased its rating to “overweight” with shares adding 2.64% or 52 cents to $20.21.
Zumiez
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PowerRating): The speciality sports retailer was raised to “neutral” at Wedbush Morgan, sending shares higher by 11.74% or $1.80 to $17.13.
Oil fell 43 cents to $71.80, gold dropped another $3.20 to $1010.00 and the VIX fear index added 1.14% to 23.92.
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