Employment Shocks, Stocks Rally, Bush Supports
The worst unemployment report in several decades knocked stocks down hard this morning triggering a supportive speech from the Commander In Chief, George Bush. Bush reassured the American people that things will improve leading to a massive relief rally. The day ended steeply higher with the DJIA soaring +259.18 to 8635.42, the Nasdaq jumped +63.75 to 1509.31 and the S&P 500 surged +30.85 to 876.07.
Actuate Corp
(
ACTU |
Quote |
Chart |
News |
PowerRating) – The software company jumped 29.96% or 0.68 cents to $2.95/share after raising the price it will buy its stock to at least $3.00.
DineEquity
(
DIN |
Quote |
Chart |
News |
PowerRating) – Soared 30.18% or $3.64 to $15.70/share after the owner of the popular Ihop and Applebee’s chain stated it had plans to maximize the companies value.
Safeway
(
SWY |
Quote |
Chart |
News |
PowerRating) – The grocery store chain added 10.31% or $2.21 to $23.64/share after being upgraded by UBS to buy.
Cubist Pharma
(
CBST |
Quote |
Chart |
News |
PowerRating) – Dropped 3.57% or $1.00 to $26.98 after being downgraded by Openheimer as they believe the company simply doesn’t have many opportunities.
Oil fell $2.86 to $41.59, gold slipped another $13.30 to $752.20 and the fear index VIX gave back 5.83% to 59.93
| Market Snapshot | |||||||||||||
|
| Economic News |
|||
|