Here are today's unofficial closing bell levels:
DJIA 11632.70 (+30.30)
S&P500 1282.05 (+5.05)
NASDAQ 2325.88 (+21.92))
10YR T-Note 4.148 (+0.05%)
TOP ANALYST UPGRADES
TOP ANALYST DOWNGRADES
52-WEEK LOWS
AT&T Inc. (NYSE: T) was the winner of DJIA components after reporting earnings this morning, particularly since it has lost nearly one-third of its value. Shares were up 4% at $33.11 in today's final minutes.
Bank of America (NYSE: BAC) rose after announcing it was keeping its 64 cents dividend as Ken Lewis had promised. The real charm though was the new $3.75 billion common stock buyback plan to be executed over the next 12 to 18 months. Shares were up 3.7% at $33.57 in today's final minutes.
Costco Wholesale (NASDAQ: COST) tanked after warning earnings would fall short for the quarter due to higher energy, higher oil and higher wholesale costs that it hasn't passed on to consumers. Shares were down 12% at $63.28 in today's final minutes.
Sirius Satellite radio Inc. (NASDAQ: SIRI) was today's winner on multiple reports that the last FCC swing vote from the commissioners was going in favor of approving the merger. Shares were up over 10% at $2.63 in today's final minutes.
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Reader Comments (Page 1 of 1)
7-23-2008 @ 4:41PM
Steve in Denver said...
Lets see. Earning keep comong in better that the "analysts" and "experts" expected. There is actually talk of more domestic oil exploration. The war in Iraq really is quite successful, and even the media are having trouble finding fault with the results. The "housing crisis" never really was in municipalities that have good economies. You don't suppose this "economic downturn", "crisis", "recession" is just so much overblown media hype?!?
7-23-2008 @ 5:10PM
huh? said...
Steven, so I didn't actually lose a large amount of money in my mutual fund? The DJIA, NASDAQ, S&P 500 all didn't lose 18% in the past year? Gas and home heating oil do not cost twice as much as they did last year? Inflation isn't up? It was all just overblown hype put on by the liberal media? Thank god! I was getting nervous their for a minute. Damn libs get us everytime.