Stocks Rally, Oil Drops, Jobs’ Surgery
Stocks staged a late day rally surging into positive territory on renewed hope of the Senate vote to use the remaining bail out funds. Oil dipped near 5 year lows as OPEC decreased its demand forecast. On the high tech front, Apple’s future was called into question when news hit of Steve Job’s ailing health. Potentially forcing him into surgery to remove his pancreas. The DJIA closed up +12.35 to 8212.49, the Nasdaq climbed +22.20 to 1511.84 and the broad based S&P 500 added +1.12 to 843.74.
Apple
(
APPL |
Quote |
Chart |
News |
PowerRating) – Dropped for the fifth straight day as fears of Steve Job’s health pushed prices down another 2.29% or $1.95 to $83.38/share.
Red Robin Burgers
(
RRGB |
Quote |
Chart |
News |
PowerRating) – Plunged 13.21% or $1.66 to $10.91/share after being downgraded by Piper Jaffray due to cutting its marketing budget.
Ecolab
(
ECL |
Quote |
Chart |
News |
PowerRating) – The leading hotel cleaning chemical company climbed 7.60% or $2.51 to $35.52/share after announcing cutbacks and laying off 1000 workers.
Cypress Bioscience
(
CYPB |
Quote |
Chart |
News |
PowerRating) – Surged 33.29% or $2.40 to $9.61/share due to an FDA drug approval.
Oil fell $1.88 to $34.85, gold climbed $1.50 to $807.30 and the VIX added 3.79 % to 51.00.
| Market Snapshot | |||||||||||||
|
| Economic News |
|||
|