Markets Mixed, Bank Executives Pessimistic, Dollar Climbs
Stocks took a break today from the raging bull market closing mixed on the session. Word of Chief executives at Bank of America and Capital One calling the U.S. recovery fragile added to the lackluster trading day. A small shift in risk sentiment was evident as the U.S. dollar began to gain traction climbing slightly. The DJIA closed up +20.03 to 10246.97, the tech heavy Nasdaq fell -2.98 to 2151.08 and the broad based S&P 500 slipped -0.07 to 1093.01.
MBIA
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PowerRating) fell hard 26.67% or $1.28 to $3.52/share after reporting a loss due to weaker insurance revenues.
Priceline.com
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PowerRating) soared 17.55% or $30.49 to $204.22/share upon stating its business is seeing an uptick in bookings.
Carter’s
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PowerRating): The children’s clothier fell 9.11% or $2.19 to $21.85/share after saying it will reevaluate its results due to a review of accounting.
FedEx
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PowerRating): Advanced $1.12 or 91 cents to $82.13/share after projecting a better than expected Christmas season.
Gold climbed $1.10 to $1101.90, oil fell 38 cents to $79.16 and the VIX fear index gave back another 1.34% to 22.84 as fear eases out of the market.
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