Stocks End Up, GMAC Becomes Bank, Retail Down
Stocks closed up on this last day of the shortened Christmas trading week. News of the financing arm of General Motors becoming a bank lifted domestic auto stocks. However, gloomy retail data from the holiday week stifled a strong rally. The DJIA added 47.07 to 8515.55, the Nasdaq climbed 5.34 to 1530.24 and the S&P 500 advanced 7.38 to 872.80.
General Motors
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Jones Apparel
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Capstone Turbine
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Integral Systems
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Oil added $2.55 to $37.90, gold soared $23.10 to $871.10 and EUR/USD climbed .0003 to 1.4053