Stocks Spiral Higher, S&P 500 Breaks 1000, Manufacturing Improves
Coming off their best performing month since 1989, stocks continued their bull run on the first trading day of August. Positive data from the Manufacturing report sent stocks spiraling higher with the broad based market barometer S&P 500 breaking above the technically critical 1000 level. The DJIA surged +114.95 to 9286.56, the Nasdaq climbed +30.11 to 2008.61 and the S&P 500 added +15.15 to 1002.63.
3M
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PowerRating) – A Goldman Sach’s upgrade to buy sent shares higher by 2.20% or $1.55 to $72.07.
Ford
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Janus Capital
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PowerRating) – Another Goldman Sachs upgrade climbing 2.49% or 34 cents to $14.00/share.
Savient Pharma
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Oil added $2.13 jumping above the $70.00 mark to $71.38, gold eased higher by $3.00 to 958.80 and the VIX fear index fell by 1.35% to 25.57 after trading higher for most of the day.
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