Major Markets Close Higher
Major markets close the day
in the green; Bernanke’s first speech and an increase in oil inventories lead to
an overall positive feel in the markets.
Crude oil futures dropped today, closing down over 3%
on news that inventories have risen.
BlackRock
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stock rose almost 9% after announcing a merger deal with Merrill; BLK closed up
over 4%..
href=”https://tradingmarkets.com.site/news/Stock%20Alert/”>Stocks On The
Move
Hewlett-Packard
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Might See Upside On Costs Control (full
story).
Clear Channel Communications
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Hires Randall Mays As President (full
story).
Merrill Lynch
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To Merge Investment Management Unit With BlackRock
(full
story).
Progress Energy
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Q4 Net Income Down, But Ongoing EPS Are Up (full
story).
Caremark Rx
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Q4 Profit Rises As Mail Pharmacy Business Grow (full
story).
EnCana
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Q4 EPS Soars On 65% Revenue Growth (full
story).
Higher Revenue And Gross Margin Push Up
Jones Apparel
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Q4 Profit, EPS Tops Estimates (full
story).
For more stories as they happen, go to our href=”https://tradingmarkets.com.site/news/Breaking%20News/”>Breaking
News section.
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Dow
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+30.50
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11,058.89
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Nasdaq
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+14.26
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2,276.43
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S&P 500
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+4.46
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1,279.99
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size=2>NYSE
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size=2>NASDAQ
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Volume
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2,284,945,000
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1,780,147,000
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Advances
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2016
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1825
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Declines
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1240
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1202
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Up Volume
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1201
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1156
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Down Volume
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815
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485
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New Hi’s
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146
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130
width=”26%” height=16>
New Lo’s
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17
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26
Â
Strongest
Sectors
Weakest
Sectors
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href=”https://tradingmarkets.com.site/news/Economic%20News/”>Economic
News
Crude Oil Inventories Rise (full
story).
Industrial Production Unexpectedly Falls In January (full
story).
New York Manufacturing Conditions Continue To Improve
(full
story).
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John Patrick Lee
johnl@tradingmarkets.com
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