Tyson Plucked, Stocks Struggle, Homeowners Helped
Stocks struggled today despite positive news of the government increasing and making assistance easier to access for countless underwater mortgage holders. Oil dipping below $60.00/barrel merely served as confirmation of the slowing economy, rather than good news for stocks. The DJIA closed down -176.58 to 8694 after staging an impressive midday rally to almost back even on the day. The Nasdaq gave back -35.84 to 1581 and the S&P 500 fell -20.26 to 899.
Tyson Foods
(
TSN |
Quote |
Chart |
News |
PowerRating) – The chicken company was plucked today, tumbling 23.32% or $1.56 to $5.13 after JP Morgan downgraded it to underweight and had stated that a 40% more decline is possible as the company may be in danger of defaulting on debt agreements.
TicketMaster
(
TKTM |
Quote |
Chart |
News |
PowerRating) – Fell 31.28% or $2.44 to $5.36/share after a whopping 76% decline in ticket sales attributed to the slowing economy.
Optimer Pharmaceuticals [OPTR| OPTR] – Soared 99.57% or $4.58 to $9.18/share after announcing that its “super bug” drug is working.
Dick’s Sporting Goods
(
DKS |
Quote |
Chart |
News |
PowerRating) – Gave back 15.80% or $2.24 to $11.94/share after Morgan Stanley said the sporting goods chain has more margin risks than expected going into next year.
Oil fell hard $3.08 to $58.60, Gold slipped another $13.30 to $733.20 and the fear index VIX added 2.43% to 61.44
| Market Snapshot | |||||||||||||
|
| Economic News |
|||
|