Jobs Surprise, Stress Test So Good So Far, Stocks Up
A positive day in the stock market after the ADP job’s report surprised by beating estimates and leaks from the stress test indicated some banks are in better shape than expected. The real market test will come tomorrow after the actual results are released from the federal test. The DJIA gained +101.63 to 8512.28, the Nasdaq advanced +4.98 to 1759.10, and the S&P 500 moved ahead by +15.73 to 919.53.
American Capital
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Fortress Investment
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Walt Disney
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PowerRating) – Was raised to overweight by Barclays and beat estimates sending the stock higher by 11.75% or $2.72 to $25.87/share.
Lincoln National
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PowerRating) – The life insurer soared 32.98% or $3.86 to $15.57/share after beating analyst’s estimates.
Gold climbed $6.70 to $911.00, Oil advanced $2.50 to $56.25 and the VIX fell 2.73% to 32.45.
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