Stocks Higher, Retail Surprises, Airlines Cautious
Stocks closed solidly higher for the sixth straight day. Surging store sales sent the retail sector sharply higher on the session. While a thwarted terrorist attack resulted in investors caution with airline shares. All in all it was a bullish day on the Street of Dreams. The DJIA climbed +26.98 to 10547.08, the Nasdaq added +5.39 to 2291.08 and the broad based S&P 500 moved higher by +1.30 to 1127.78.
Delta Airlines
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PowerRating): Dipped along with the sector due to a terrorist attempt over the weekend. Shares gave back 4.08% or 48 cents to $11.29.
Fannie Mae
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PowerRating): Rocketed 20.95% or 22 cents to $1.27/share as the Treasury Department said it will offer unlimited aid to the firm and its brother, Freddie Mac.
Compugen
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PowerRating): Jumped 27.45% or $1.12 to $5.20/share after announcing it has discovered a protein to treat carcinomas.
Amicas
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PowerRating): Stated it agreed to be acquired by Thoma Brava for $217 million sending shares higher by 23.76 or $1.05 to $5.47/share.
Oil added 50 cents to $78.55, gold climbed $2.80 to $1107.60 and the VIX fear index added 2.36% to 19.93.
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