Today's pending home sales showed a 6.3% gain from March to April, although much of the gains are being attributed to bargain hunters. One other help may have come from Treasury Secretary Hank Paulson, who said he would never rule out any tools such as intervention. Even OPEC noted that they wanted to have a meeting to discuss the inequality of current oil prices versus the current supply-demand models and this took off more than $4.00 per barrel of oil. Below are today's unofficial closing prices:- DJIA 12,281.29 (+71.48)
- S&P500 1,361.98 (+1.30)
- NASDAQ 2,461.33 (-13.23)
- 10YR T-NOTE 3.992% (+0.054%)
- Top 10 Analyst Calls
Lehman Brothers Holdings Inc. (NYSE: LEH) was a huge mover today after the company raised some $6 Billion to bolster its books after reporting much wider than expected losses. Shares were down 11.5% at $28.55 in the final minutes today.
Pier 1 Imports Inc. (NYSE: PIR) saw a sharp drop of 22% to $5.19 by the final minutes today after making an offer to acquire a smaller rival, the parent of Cost Plus World Markets.
Google's plan for netbook PCs moves higher into the clouds
Closing Bell: Stock bulls and dollar death (DDRX,GMCR, PEET, SBUX, EBAY, CI, TECD)
So long peak oil, here comes peak uranium
