Stocks Climb, Strong Employment Report, FOMC Minutes
Stocks advanced on the first trading day after the holiday extended
weekend. A strong employment report on Friday carried bullish
enthusiasm into the new week. Improved figures from the service sector combined with bullish sentiment from Alan Greenspan worked in the bull’s favor today. Slight rate hike hint nervousness regarding the FOMC minutes tomorrow dampened the otherwise fully positive session. The DJIA approached the 11,000 mark but pulled back, closing up +46.48 to 10973.55. The Nasdaq soared +26.95 to 2429.53 and the broad based S&P 500 added +9.33 to 1187.43.
^AAPL^: Shares climbed 1.07% or $2.52 to $238.49 after it was revealed that they sold over 300k iPads on the first day of release.
^HOG^: An upgrade in stock price target to $36.00 at RBC Capital sent shares soaring upward by 10.54% or $2.99 to $31.37.
^WPO^: A recent valuation rumor of $900.00/share lifted the stock price by 8.60% or $38.26 to $483.00.
^TSO^: Shares fell 5.42% or 78 cents to $13.61 after an employee killing explosion rocked the company Saturday, triggering another Federal investigation.
Oil climbed $1.89 to $86.76, gold added $5.90 to $1132.20 and the VIX index fell 2.58% to 17.02.
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