Stocks Positive, AIG’s Big Loss, GDP Beats
The final trading day of the month resulted in an erratic session with a positive close. The GDP figures beat estimates while Home Sales were decidedly negative. Word of AIG posting another big loss worked to keep the bulls in check on the trading day. The DJIA eased higher by +4.23 to 10325.26, the tech heavy Nasdaq added +4.04 to 2238.26 and the S&P 500 gained +1.56 to 1104.49.
^RST^: The popular language learning software crushed analyst estimates sending shares soaring higher by 26.87% or $4.66 to $22.00.
^OSIS^: Airport scanning device maker climbed 5.22% or 41.53 to $30.84/share after being upgraded to outperform at Morgan Keegan.
^NVTL^: Fell 9.12% or 67 cents to $6.68/share upon missing fourth quarter profit and sales estimates.
^JPM^: Gained 3.27% or $1.33 to $41.97/share after Barclay’s said its stock looked attractive.
Gold gained $10.00 to $1119.00, oil moved higher by $1.39 to $79.56 and the VIX gave back another 2.99% to 19.50.
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