Blackberry, Oil Falls
US Stock Indexes surged today lead by Retailers and good news in financials. The Dow climbed +130.43 points ending at 12876.31, The S&P500 increased +15.30 points to 1,403.58, and the NASDAQ added +42.96 to 2,488.48. Financials benefited from Europe's biggest bank HSBC Holdings set aside 3.2 billion to cover bad US loans.
Ann Taylor Stores (ANN | Quote | Chart | News | PowerRating) - surged over 16% climbing 3.94 points to 28.49 on exceeding analyst estimates of profits.
Wal Mart (WMT | Quote | Chart | News | PowerRating) - the world's largest retailer jumped .86 to 58.04 on the back of analyst suggestions of increased earnings being released tomorrow.
Activision (ATVI | Quote | Chart | News | PowerRating) Climbed the most in 5 months today on the back of "Guitar Hero" sales and doubling profits. Shares climbed over $4.00 a share to $31.50.
Research in Motion (RIMM | Quote | Chart | News | PowerRating) - experienced its largest gain in 3 months and led the NASDAQ 100 higher after announcing a new BlackBerry PDA phone device to compete with the Apple (AAPL | Quote | Chart | News | PowerRating) iPhone.
Cable Vision Systems (CVC | Quote | Chart | News | PowerRating) - Dropped .48 to 24.49 after agreeing to buy 97% of the News Day Newspaper from Tribune Company.
Oil hit an all time record intraday, prior to pulling back closing down on the day at 124.20.
| Economic
News |
Treasury Budget (Apr): Actual $159.3B, Consensus $160.0B
Export Prices ex-ag. (Apr): Consensus NA, Prior 1.2%
Import Prices ex-oil (Apr): Consensus NA, Prior 1.1%
Retail Sales (Apr): Consensus -0.2%, Prior 0.2%
Retail Sales ex-auto (Apr): Consensus 0.2%, Prior 0.1%
Business Inventories (Mar): Consensus 0.4%, Prior 0.6%
Core CPI (Apr): Consensus 0.2%, Prior 0.2%
CPI (Apr): Consensus -$0.3%, Prior 0.3% | |
