Stock Market Recap: General Motors, Citigroup
Stocks closed up across the board with the DJIA climbing +52.43 points, the S&P 500 moving up +5.11 points and the NASDAQ adding +12.75 points.
Commodity producers lead the rally in S&P 500.
Freeport-McMoran
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PowerRating) – The gold and precious metals exploratory firm added 3.48% to 117.84 leading the S&P higher from yesterdays sell off.
Crocs Inc
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PowerRating) rocketed up 12.34% to 11.20 after forecast beats analysts estimates; despite a first quarter net loss of 4.5 million.
General Motors
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PowerRating) agreed to provide 200 million to end strike at American Axle AXL, a key supplier. GM shares dropped 1.26% to 21.13 on the news.
Citigroup
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PowerRating) – CEO Vikram Pandit may disclose plans and profit targets in an attempt to calm investors and return the financial concern to profitability. C dipped .73% to 24.30 on the news.
Oil continues to climb on supply rumors and Gold moved up 10.90 to 882 today.
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