Stocks ended the session in a monster bullish rally after trading in lack luster fashion for most of the day. GM's union approval of an agreement and strong progress toward a bond holder's accord combined with soaring consumer sentiment triggered the late day buying spree. Bullish words from World Bank President, Robert Zoellick, furthered pushed shares higher on the close. The DJIA ended up +96.53 to 8500.33, the Nasdaq advanced +22.54 to 1774.33 and the broad based S&P 500 ended the session ahead by +12.31 or 919.14.
Cintas ( CTAS | Quote | Chart | News | PowerRating) - The uniform supplier did not participate in the late day rally after forecasting missing analysts EPS estimates. Shares dropped 5.36% or $1.32 to $23.29.
J. Crew ( JCG | Quote | Chart | News | PowerRating) - The yuppie clothing line exploded higher 25.86% or $5.29 to $25.75/share after crushing analysts profit estimates.
Palm ( PALM | Quote | Chart | News | PowerRating) - Rallied 6.37% or 0.73 cents to $12.19/share after stating that it expects profits in 2011 due to the launch of the "pre" phone.
Comcast ( CMCSA | Quote | Chart | News | PowerRating) - Slipped 2.96% or 0.42 cents to $13.77/share after caution words from the CEO at an investment conference.
Oil advanced $1.23 to $66.45, Gold soared $17.10 to $980.30 and the fear index VIX plummeted 8.68% to 28.92.
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