Ford Sales Jump, Greece Improved, Stocks Higher
Ford Motor Company posted a 43% increase in sales, beating rival General Motors for the first time since 1998. This bullish news combined with positive word regarding the Greek debt situation led to a mildly higher stock market. Selling in major technology names prevented the bulls from getting a foothold during the session. The DJIA added +2.19 to 10405.98, the tech heavy Nasdaq climbed +7.22 to 2280.79 and the broad based S&P 500 eased higher by +2.60 to 1118.31.
^DELL^: Climbed 0.88% or 12 cents to $13.69/share after being upgraded to “buy” at UBS AG.
^NTRI^: Fell 16.08% or $3.04 to $15.86/share upon stating it only forecasts a modest rise in 2010 EPS.
^QCOM^: Surged 6.83% or $2.42 to $37.99/share after stating it will buy back $3 billion worth of shares and increase its dividend.
^SYKE^: Shares fell 1.62% or 42 cents to $24.23 after the call center operator warned that profit will not meet analysts estimates.
Oil added $1.01 to $79.71, gold soared $19.00 to $1137.10 and the VIX index gave back another 0.93% to 19.08.
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