Stocks Struggle Positive, Greenback Higher, GMAC Aid
Stocks eased higher today after spending most of the session in negative territory. The Chicago PMI spiked to 60, the highest since 2006, sending a clear message of an improved economic situation. However, a climbing U.S. dollar depressed commodity and share prices despite the bullish news. Word of GMAC obtaining $3.5 billion more in governmental aid, due to being unable to raise private funds, was mostly shrugged off by the market today. The DJIA climbed +3.10 to 10548.51, the Nasdaq advanced +2.88 to 2291.28 and the broad based S&P 500 struggled higher by +0.23 to 1126.42.
^ICXT^: Soared 35.40% or $2.23 to $8.53/share after the Netherlands said it would use full body airport scanners after the thwarted hijack attempt over the weekend.
^JALSY.PK^: Fell 11.94% or 59 cents to $4.35/share due to worries about bankruptcy.
^TRMA^: Dropped 11.17% or 59 cents to $4.69/share upon stating its fourth quarter earnings will suffer due to shrinking demand for North Sea oil.
^CFN^: Gave back 3.01% or 78 cents to $25.11/share after its parent company said it will sell more shares in the company.
Oil climbed 53 cents to $79.401, gold gave up $6.10 to $1092.20 and VIX index slipped 0.25% to 19.96.
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