Happy Anniversary Bulls, European Union Urges, Stocks Higher
The stock market bulls celebrated with a higher close on the one year anniversary of the current run away bull market. The European Union is urging Obama to take action against speculators who bet against the Euro and engage in Credit Default Swap trading. Tech company Cisco over-hyped its new router design resulting in an even close for the computer giant. Over all shares closed higher on the day despite a pre-open and late day sell off. The DJIA advanced +11.86 to 10564.38, the tech heavy Nasdaq pushed ahead by +8.47 to 2340.68 and the broad based S&P 500 climbed +1.94 to 1140.44.
^C^: Climbed 7.30% to 26 cents to $3.82/share after it was revealed that Bruce Berkowitz bought $700 million shares.
^YUM^: Advanced 3.36% or $1.19 to $36.60/share after being upgraded to buy at UBS.
^CSCO^: Remained the same, closing even at 0% or 0.00 to $26.13/share upon the release of its new router failing to live up to the hype.
^S^: Climbed 6.47% or 22 cents to $3.62/share after stating it plans to take control of spending and costs.
Oil gave back 47 cents to 81.40, gold fell 2.20 to 1122.10 and the VIX index added 0.73% to 17.92.
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