Communism Defeated, Stocks Surge, Banks Bounce
The bulls regained control today as stocks surged higher, making up some of last week’s losses. World market’s celebrated India’s electoral defeat of communism by climbing higher in solidarity. Following India’s lead, U.S. stocks advanced throughout the day on positive housing data and good news from the banking sector. The DJIA added +235.44 to 8504.08, the Nasdaq advanced +52.22 to 1732.36 and the S&P 500 marched ahead by +26.83 to 909.71.
Lennar Group
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Bank of America
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Logility
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Zions Bancorp
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Oil climbed $2.69 to $59.10, Gold lost $9.60 to $921.70 and the VIX index plummeted 8.70% to 30.24.
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