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Closing Bell: DJIA barely holds 12,000... chips dip

Posted Jun 18th 2008 4:14PM by Jon OggJon Ogg RSS Feed
Filed under: After the bell, Earnings reports, FedEx Corp (FDX), AMR Corp (AMR)

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How would one describe today other than as a real disappointment? The DJIA broke 12,000 for the first time since March and the pressure here makes one wonder if that magic psychological level will hold. Oil was up over $136/barrel late in the day over strikes in Nigeria and lower inventories.

Here are today's unofficial closing levels:

AMR Corp. (NYSE: AMR) saw another drop of almost 5% by the final minutes, down to $5.42, after the company presented its estimates on fuel use, costs and hedges today at a Merrill Lynch Global Transportation Conference.


FedEx Corporation (NYSE: FDX) was trading down over 2% at $82.32 in today's final minutes after the company missed earnings and lowered guidance this morning.

Fifth Third Bancorp (NASDAQ: FITB) was the financial disappointment of the day after the company decided to come clean and announce it was raising some $2 Billion in capital and slashing its dividend. Shares were down 22% at $9.83 in the final minutes of the day.

Panera Bread Co. (NASDAQ: PNRA) was a standout gainer as shares were up over 5% at $47.96 in today's final minutes after the company raised guidance this morning.

Tags: amr, fdx, ftib, inthenews, pnra

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 26, 2009: 07:39 AM

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