Goldman Puts Rise; Stocks Sink
Stocks gave up early gains and moved sharply lower into the close Monday, led
in part by weakness in financials and oil services. Forest and paper products
were one of the few winning groups of the session.
At the close, the VIX had increased .89 to 22.82.
The OEX 800 calls ended down 2 7/8 to 10 3/4.
Among bigger movers on heavier-than-average volume:
Broker/dealers were one of the weakest groups of the day, led in part by
Goldman Sachs
(
GS |
Quote |
Chart |
News |
PowerRating), which fell 6 5/16 to 118 9/16. The Goldman Sachs October
105 puts rose 1 5/8 to 3 on triple average volume.
Qualcomm
(
QCOM |
Quote |
Chart |
News |
PowerRating) recieved an analyst upgrade Monday that helped it finish
up 3 9/16 to 69 13/16. The Qualcomm October 70 calls gained 1 3/4 to 5 3/4 on more than
15,000
contracts.
Sun Microsystems
(
SUNW |
Quote |
Chart |
News |
PowerRating) also avoided the tech swoon, gaining 2 3/16 to
115 1/4. The Sun October 110 calls rose 1 1/4 to 11 on more than 5900 contracts.
Apple Computer
(
AAPL |
Quote |
Chart |
News |
PowerRating) gained 5 27/64 to 60 21/32 while the Apple October
65 calls gained 1 5/8 to 3 on triple the average volume.