Citigroup Profitable, Stocks Explode Up, Bernanke Optimistic
Great news of Citigroup posting profits in the first two months of 2009 triggered an upward explosion in the stock market. This optimistic report combined with Ben Bernanke appearing positive as he laid out his plan for regulatory oversight triggered a massive rally. Stocks surged toward the sky, closing on the high of the day. The DJIA advanced +379.44 to 6926.49, the tech heavy Nasdaq jumped up +89.64 to 1358.28, and the broad based S&P 500 climbed +43.07 to 719.60.
Newmont Mining
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Apple
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Casey’s General Stores
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Dr. Pepper Snapple
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Oil fell $1.38 to $45.77, Gold plummeted $22.10 to $895.90 and the fear index VIX gave back 10.69% to 44.37 as confidence returns to the market.
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