Greek Optimism, Employment Improves, Stocks Rally
Waves of optimism swept the stock market today sending shares sharply higher by the close. Optimism that the European Union will bailout the faltering Greek economy combined with falling Chinese inflation spurred the buying. Positive news from the U.S. unemployment front also added to the positive nature of the day. The DJIA pushed higher by +105.81 to 10144.19, the Nasdaq jumped by +29.54 to 2177.41 and the S&P 500 advanced +10.34 to 1078.47.
^PM^: Climbed 1.24% or 24 cents to $19.62/share after beating analyst’s estimates and stating it plans on buying back $12 billion dollars in stock.
^X^: An addition to the short term buy list at Deutsche Bank lifted shares by 6.04% or $2.68 to $47.05.
^LF^: Crushed earnings estimates by 96% sending shares higher by 27.88% or $1.04 to $4.77.
^ATVI^: Beat estimates and announced a $1 billion dollar share buyback triggering shares to climb by 9.61% or 97 cents to $11.07.
Oil added 61 cents to $75.13, gold advanced $18.90 to $1095.20 and the VIX index fell 5.67% to 23.96.
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