Stocks Surge, Wall Street Saved, Home Sales Hit Low
The stock market surged today on news that a tentative agreement was reached for a massive bail out plan to save Wall Street from total financial break down. The bipartisan deal will be presented to President Bush for final approval in the next several days. However, Home Sales were reported to have hit a 17 year low. Optimism swept the markets, being led by the banks, lifting the DJIA +199.68 to 11024.85, the Nasdaq climbed +30.89 to 2186.57. and the broad based S&P 500 added +23.76 to 1209.63.
Wachovia
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Ameron International
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PowerRating) – The industrial paint and pipe maker fell hard 35.57% or $38.46 to $69.62/share after missing analysts estimates by 14%.
Nike
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Vail Resorts
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Gold fell $ 13.30 to $881.70, Oil climbed $1.86 to $107.59 and the near term VIX fell 5.82% to 34.52 as meltdown fears subside.
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