It was hard to get a good a gut feel for what the market was doing today, regardless of the closing bell levels. The day was held up because Tim Geithner delayed by a day the Treasury's bank and financial rescue package. But Wall Street took everyone's word at face value that there was only a one-day delay. Here are the unofficial closing bell levels:
DJIA: 8,270.87 -9.72 -0.12%
NASDAQ: 1,591.56 -0.15 -0.01%
S&P 500: 869.89 +1.29 +0.15%
Top Analyst Upgrades
Top Analyst Downgrades
Bank of America Corporation (NYSE: BAC) saw a continued move up. This was ahead of tomorrow's bank bailout plan from Treasury Secretary Geithner. Shares rose some 11% at $6.86 shortly before the close.
Cisco Systems Inc. (NASDAQ: CSCO) was down by almost 2% at $16.72 shortly before the close. This was on the heels of a possible bond offering seen in SEC filings.
General Electric Company (NYSE: GE) found out first hand that a perceived dividend cut at this point will be a great thing. If the company cuts dividend in half, it saves $5 billion per year. Shares were up over 12% at $12.53 right before the close .
TheStreet.com, Inc. (NASDAQ: TSCM) saw its shares down over 4% at $2.81 shortly before the close of trading. The company stock was down after Barron's ran a weekend feature showing that host Cramer's picks do not live up to the hype. This seems more like targeting a rival and what may be very subjective writing. But it did take a toll.
ViroPharma Incorporated (NASDAQ: VPHM) saw shares fall by 52% today. The stock was at $5.78 shortly before the close as the company's PHASE III antiviral trials for bone marrow transplant patients failed.
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
