Home Sales Surge, Stocks Rally, Oil Down Steep
Bargain hunters taking advantage of dirt cheap housing prices pushed the Home Sales numbers to their most aggressive monthly gain since 2002. Strong earnings from multiple companies triggered a nice across the board rally in the stock market. However, weak Consumer Confidence figures pushed oil prices down steeply. The DJIA rallied +58.70 to 8174.73, the tech heavy Nasdaq pushed ahead +15.44 to 1504.90 and the broad based market barometer S&P 500 added +9.14 to 845.71.
U.S. Steel
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PowerRating) – The Pittsburgh based steel giant climbed 7.16% to $2.11 to $31.57/share after reporting 4th quarter profits crushing analysts estimates.
Netflix
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Zions Bancorp
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Delta Airlines
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Oil dropped steeply $4.15 to $41.91, gold fell $9.30 to $901.40 and the fear index VIX dipped 7.53% to 42.25.
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