Stocks Climb, Energy Leads, Fannie Fried Again

Stocks closed higher today lead by enery names despite an erratic session and a literal frying of Fannie Mae/Freddie Mac. The DJIA closed up +68.88 to 11417.43, the Nasdaq added +4.72 to 2389.08 and the S&P 500 climbed +8.02 to 1274.71.

Fannie Mae (FNM | Quote | Chart | News | PowerRating) fried another 25.82% or $1.54 off its share price to $4.47 as the fears of government support continue to shake up the market

Devon Energy (DVN | Quote | Chart | News | PowerRating) added 6.46% or $6.24 to $103.73/share on rising oil prices and Goldman Sachs statements pumping up the market

Hewlett Packard (HPQ | Quote | Chart | News | PowerRating) led the DJIA higher adding 5.75% or $2.51 to $46.20 after beating analysts estimates

Office Max (OMX | Quote | Chart | News | PowerRating) - dropped 13.05% or $1.79 to $11.93 due to the CEO Don Civgin resigning to become Allstate’s CFO.

A lack luster session on gold and oil today with gold adding .40 cents to $817.20 and oil climbing .45cents to 114.98. The market fear gauge VIX dropped 4.18% to 20.39

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