Roller Coaster Indexes, Manufacturing Numbers Surprise, Yahoo Drops
Yahoo
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PowerRating) fell to its lowest levels since January
closing down 2.37% or $0.49 to $20.17/share on a declining overall tech sector.
Alcoa
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PowerRating) weighed on the DJIA declining 3.34% or $1.19
to $34.43/share as Credit Suisse lowered its profit estimates for the aluminum
company.
CIT Group
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PowerRating) surged 29.37% or $2.00 to $8.81/share
after agreeing to sell off its home loan and manufactured home business, vowing
to leave the consumer loan business forever.
General Motors
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PowerRating) added 2.17% or $0.25 to $11.75/share
after surprising analysts with a less than expected drop in sales
Gold climbed $16.20 to 944.50/oz, Oil added $1.39 to $141.39/barrel and the
VIX closed down 1.25% after being up over 5% today.
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