Stocks ended in the green today across the board, with the DJIA closing up .58% at +51.29, the S&P500 gaining .92% to close at +19.19 and the NASDAQ rising .93% to +10.77.
Playboy Enterprises (PLA | Quote | Chart | News | PowerRating) got squeezed on lower than expected earnings; falling 10% to 7.44. This is the publishing and entertainment giant's largest loss since 2006.
Fannie Mae (FNM | Quote | Chart | News | PowerRating) rocketed up despite a wider than expected loss, but maintained a AAA credit rating by Moody's. Shares gained 2.710 or 9.57% after weathering nearly a 52% loss in 2008.
UBS (UBS | Quote | Chart | News | PowerRating) cuts 5500 jobs after losing an astronomical 17.3 billion in the first quarter. The stock dropped 1.59 or 4.3% on the news.
Oil rose to a another record close of 122.73/barrel on Nigerian and Iraqi threats to supply.
| Economic
News |
ISM Services (Apr): Actual 52.0, Consensus 49.1
Productivity Prel (Q1): Consensus 49.1%, Prior 49.6%
Pending Home Sales (Mar): Consensus -1.0%, Prior -1.9%
Crude Inventories (05/03): Consensus N/A, Prior 3848K
Consumer Credit (Mar): Consensus 6.0B, Prior 5.2B
Initial Claims (05/03): Consensus 375K, Prior 380K
Wholesale Inventories (Mar): Consensus 0.5%, Prior 1.1%
Trade Balance (Mar): Consensus -$61.3B, Prior -$62.3B |
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