China Tightens, Stocks Mixed, Greece Uncertain
It was all about the international scene today. Stocks fell hard on China’s tightening of its bank reserve requirements in an effort to reign in inflation. Greece was thrown back into uncertain waters as the latest data indicates matters are far worse than expected. Despite the early selling, stocks battled back for most of the day closing mixed on the session. The DJIA gave back -45.05 to 1099.14, the Nasdaq gained +6.12 to 2183.53 and the S&P 500 dipped -2.96 to 1075.51.
^MOT^: Climbed the most in the S&P 500 rising 7.52% or 50 cents to $7.15/share after announcing it will split its business in two next year.
^ROL^: Advanced 2.86% or 56 cents to $20.12/share after a Jim Cramer buy announcement.
^PIR^: Moved higher by 10.99% or 60 cents to $6.06/share after Oppenheimer upgraded the company to “outperform”.
^MMM^: A Bank of America downgrade to “underperform” sent shares lower by 1.36% or $1.09 to $79.18.
Gold fell $4.50 to $1090.10, oil gave back $1.08 to $74.20 and the VIX index fell 5.13% to 22.73.
| Market Snapshot | |||||||||||||||
|
| Economic News |
|||
|