Stocks Break Even, Bernanke Speaks, Credit Down
Stocks fell back to near break even levels on the session after a brief Bernanke rally was cut short. The Fed Chief made it clear that interest rates would not be increased in the near future as the recovery is far from certain. Consumer credit hit the 9th straight decline depressing stocks into the close. The DJIA added +1.21 to 10390.11, the Nasdaq fell -4.74 to 2189.61 and the S&P 500 dipped -2.73 to 1103.25.
Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating): Soared 8.40% or 66 cents to $8.52/share on a Sanford Bernstein upgrade to “outperform”.
Barrick Gold
(
ABX |
Quote |
Chart |
News |
PowerRating): Fell .56% or 24 cents to $42.44/share on a Credit Suisse downgrade and environmental litigation issues.
NutriSystem
(
NTRI |
Quote |
Chart |
News |
PowerRating): Cut a distribution deal with Sam;s Club sending shares higher by 8.50% or $2.21 to $28.22.
Dow Chemical
(
DOW |
Quote |
Chart |
News |
PowerRating): Climbed 1.97% or 54 cents to $28.02/share after positive words from Barrons.
Gold fell another $5.50 to $1164.00, oil gave back $1.54 to $74.00 and the VIX index advanced 4.00% to 22.10.
| Market Snapshot | |||||||||||||||
|
| Economic News |
|||
|