Closing Bell: Dow, S&P up, although markets remain mixed with no "New Deal" yet


Today was all about financial bailout packages being on and off, and on and off, and on and off. Financial stocks were most of the news, but you've heard enough about that you will only hear about non-financial companies today. Q2 GDP was revised lower than original projections, but that number is older than dirt now. The funny thing today was that they started ringing the closing bell on NYSE a minute early on accident.

Below are the unofficial closing bell levels:
DJIA 11,160.49 +138.43 +1.26%
S&P500 1,214.56 +5.38 +0.44%
NASDAQ 2,185.56 -1.01 -0.05%
10YR T-Note 3.827% (-0.035%)
TOP ANALYST CALLS
52-Week Lows

KB Home (NYSE: KBH) posted really ugly numbers with its losses growing four-fold and sales down over 50%. Yet somehow, traders are hoping a bailout will drive the future. Shares were actually up 1.2% at $21.42 immediately before the close.

Research In Motion Ltd. (NASDAQ: RIMM) was downgraded across the board after its earnings disappointment. Shares were down 26%, or $21.50, right before today's close.

Marvell Technology Group Ltd. (NASDAQ: MRVL) was crushed on R-I-M's disappointing numbers. Shares hit a new 52-week low and were down 10.4% at $9.64 in the final minutes of the day.

Potash Corp. of Saskatchewan (NYSE: POT) was down over 7% in today's final minutes at $146.57. An analyst downgrade from RBC and a cautious sector call from Citi is to blame. The concern here is easy. Farmers are having their credit cut and they can't afford to pay endless increases in agriculture prices.
Symbol Lookup
IndexesChangePrice
DJIA+50.9012,852.13
NASDAQ+18.852,922.73
S&P 500+5.981,348.62

Last updated: February 13, 2012: 11:42 AM

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