Bulls Gain Traction, Bernanke Praised, Confidence Higher
The stock market bulls gained additional traction today on the heals of better than expected data from the consumer confidence and home sales front. President Obama profusely praised Fed Chief, Ben Bernanke, as he appointed him for a second term. The DJIA advanced +30.01 to 9539.29, the tech heavy Nasdaq climbed +6.25 to 2024.23 and the broad based S&P 500 moved higher +2.43 to 1028.00.
Pulte Homes
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PowerRating) – Climbed along with the other home builders on improved outlook for housing. Shares added 3.49% or 44 cents to $13.06.
American Woodmark
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PowerRating) – Fell 4.28% or $1.04 to$23.24/share after posting a first quarter loss much greater than analysts estimated.
AAR Corp
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PowerRating) – Dropped 9.20% or $1.75 to $17.28/share upon cutting its first quarter forecast.
Accuray
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PowerRating) – The radiation surgery equipment maker dropped 12.50% or 94 cents to $6.58/share after its full year forecasts fell short of analysts expectations.
Oil fell $2.32 to $71.80, Gold eased higher by $2.30 to $946.00 and the VIX fear index slipped 0.88% to 24.92.
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