Stocks Higher, Retailers Fall, Intel Beats
Stocks closed higher once again on earnings anticipation. Intel beat estimates and 66 S&P 500 companies report next week. Retail sales fell .3% depressing the sector while technology stocks climbed. The VIX has dropped below its average price of 20 with analysts calling for a potential dip to 15. The DJIA added +29.78 to 10710.55, the Nasdaq climbed +8.84 to 2316 and the S&P 500 moved higher by +2.78 to 1148.46.
^ZNH^ rallied 10.66% or $1.74 to $18.07/share as the entire Chinese aircraft sector climbed following regulators’ advisement of support for consolidation and acquisitions.
^MAR^ climbed 5.37% or $1.51 to $29.64/share after stating it expects increased revenue in 2010.
^NFLX^ was downgraded at Lazard Capital sending shares down by 5.35% or $2.88 to $51.08.
^TOL^: A Barclays Capital downgrade sent shares falling 2.38% or 48 cents to $19.70.
Oil fell 44 cents to $79.21, gold eased higher by $6.20 to $1143.00 and the VIX dropped 1.51% to 17.58.
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