Dow Powers Higher, Apple With Verizon, Home Prices Surprise
The Dow Jones Industrial Averaged powered to 18-month highs today on the back of strong industrial numbers and better than expected home prices. Apple helped the bull run by announcing that it is working on new iPhones for the Verizon network. Sovereign debt concerns kept the bulls from having full control of the session with the S&P 500 being the laggard of the main indexes. The DJIA was led higher by 3 Com and Verizon closing up +11.56 to 10907.42, the Nasdaq advanced +6.33 to 2410.69 and the S&P 500 slipped negative by just -0.05 to 1173.27.
^MMM^: Climbed higher by 3.59% or $2.92 to $84.28 after Morgan Stanley spread the good word that shares should climb over the next 30 days.
^VZ^: Advanced 2.56% or 78 cents to $31.23/share on word that Apple is working on 2 new iPhones for its network.
^BNHN^: Soared 14.85% or 86 cents to $6.65/share after news of Russell Glass upping his offer to $8.00/share.
^EHTH^: An Oppenheimer share price downgrade sent shares lower by 3.79% or 63 cents to $15.98.
Oil added 43 cents to $82.60, gold fell $5.80 to $1104.00 and the VIX index 2.62% to 17.13.
| Market Snapshot | |||||||||||||||
|
| Economic News |
|||
|