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Indexes Close Mixed, Dollar Gains, Coca Cola Advances

By David Goodboy | TradingMarkets.com
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US indexes closed mixed today with the DJIA ending the session up +9.44 to 12289.76, the Nasdaq gave back -10.52 to 2448.94 and the S&P 500 lost -3.32 to 1358.44. The Dollar had its biggest 2-day gain since 2005 after Bernake's stated economic risks have decreased.

Coca Cola (KO | Quote | Chart | News | PowerRating) gained $2.22 or 3.96% closing at $58.04/share after Deutsche Bank upgraded the shares, leading the Averages higher on the session.

Lehman Brothers (LEH | Quote | Chart | News | PowerRating) continues its precipitous decline giving back another 6.72% or $1.98 to $27.50 on a Wachovia downgrade.

Omnicare (OCR | Quote | Chart | News | PowerRating) - The nursing home pharmacy provider gained 4.77% or $1.15 to $25.27 after being upgraded to outperform by Oppenheimer.

United Rentals (URI | Quote | Chart | News | PowerRating) rocketed up 13.28% or $2.59 to $22.09/share on a share buyback announcement.

Gold plummeted $26.90 to $871.20 and oil gave back $2.57 to $131.78 on the dollar's rebound.

Market Snapshot

Dow

+9.44 12289.76

NASDAQ

-10.52 2448.94

S&P 500

-3.32 1358.44

Economic News

Crude Inventories (06/07): Consensus NA, Prior -4802K

Fed's Beige Book

Treasury Budget (May): Consensus NA, Prior $159.3

Export Prices ex-oil (May): Consensus NA, Prior 0.6%

Import Prices ex-oil (May): Consensus NA, Prior 1.1%

Initial Claims (06/07): Consensus 370K, Prior 357K

Retail Sales (May): Consensus 0.7%, Prior -0.2%

Retail Sales ex-auto (May): Consensus 0.7%, Prior 0.5%

Business Inventories (Apr): Consensus 0.3%, Prior 0.1%

Core CPI (May): Consensus 0.2%, Prior 0.1%

CPI (May): Consensus 0.5%, Prior 0.2%

Mich Sentiment-Prel. (June): Consensus 59.5, Prior 59.8


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