Stocks Surge on Wall Street
Stocks surged on Tuesday, shrugging off crude oil prices
hitting a record high. Comments by Ben Bernanke gave little clue
as to the Fed’s September 18 decision on interest rates but good
news from General Motors
(
GM |
Quote |
Chart |
News |
PowerRating) and McDonald’s
(
MCD |
Quote |
Chart |
News |
PowerRating)
help raise investor confidence.
Crude oil prices rose to $78.23 per barrel, despite talk of a
possible increase in production by OPEC. The price of gold also
jumped, closing at $721.10.
Drug makers ImClone
(
IMCL |
Quote |
Chart |
News |
PowerRating) and Bristol-Meyers
(
BMY |
Quote |
Chart |
News |
PowerRating) announced positive trial results for their new lung
cancer drug (full
story).
Bear Stearns
(
BSC |
Quote |
Chart |
News |
PowerRating) upgraded Western Digital
(
WDC |
Quote |
Chart |
News |
PowerRating)
to Outperform from Peer Perform today (full
story).
Learn how Raptor II
was able to achieve 31%+ returns from 5/2006 to 8/2007.
Click Here to sign up for a free presentation hosted by
Larry Connors.
|
|
|
Market Snapshot
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||
|
|
|
|