Stocks closed up across the board with the DJIA climbing +52.43 points, the S&P 500 moving up +5.11 points and the NASDAQ adding +12.75 points.
Commodity producers lead the rally in S&P 500.
Freeport-McMoran (FCX | news | PowerRating | PR Charts ) - The gold and precious metals exploratory firm added 3.48% to 117.84 leading the S&P higher from yesterdays sell off.
Crocs Inc (CROX | news | PowerRating | PR Charts ) rocketed up 12.34% to 11.20 after forecast beats analysts estimates; despite a first quarter net loss of 4.5 million.
General Motors (GM | news | PowerRating | PR Charts ) agreed to provide 200 million to end strike at American Axle AXL, a key supplier. GM shares dropped 1.26% to 21.13 on the news.
Citigroup (C | news | PowerRating | PR Charts ) - CEO Vikram Pandit may disclose plans and profit targets in an attempt to calm investors and return the financial concern to profitability. C dipped .73% to 24.30 on the news.
Oil continues to climb on supply rumors and Gold moved up 10.90 to 882 today.
| 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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