Stocks soared on positive news from the Federal Reserve’s Beige Book report. Chocolate giant Hershey may counter Kraft’s takeover bid for Cadbury.
U.S. Markets Retreat … Materials, Commodity Stocks Lead Sell Off … Top Stock PowerRatings Stocks for Wednesday Include: HOGS, GPOR, DTSI … VIX Stretch Below 10-Day Moving Average Collapses Below 5% on Equities Pullback … Dollar (UUP, UDN) Decline Stabilizes … Top ETF PowerRating Funds for Today Include: BIK, RTH, XLY.
The bears were awakened from their slumber today with the S&P 500 falling for the first time this year. The SEC is suing Bank of America for supposedly failing to disclose billions of dollars of Merrill Lynch losses. See what other stocks made our list for Wednesday.
S&P 500 and Dow Industrials ETFs (SPY, DIA) Close Higher … Techs Weigh on Nasdaq 100 (QQQQ) … Top Stock PowerRatings Stocks for Today Include: AMD, DSW, UHAL … VIX Stretch Below 10-Day Swells Toward 10% … Gold (GLD), Silver (SLV) Gain … Top ETF PowerRatings Funds for Today Include: IYZ, VNQ, VGT.