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Less-bad housing data from Case-Shiller was trumped after a much more positive consumer confidence report came out this morning. Swine flu was all over the media today, but not with as much financial impact. Here are today's unofficial closing bell levels:
Dow 8,016.95 -8.05 (-0.10%)
S&P 500 855.16 -2.35 (-0.27%)
Nasdaq 1,673.81 -5.60 (-0.33%)
Top Analyst Upgrades
Top Analyst Downgrades
Alcatel-Lucent (NYSE: ALU) rose after it was awarded a $1.7 billion total between two pacts for framework agreements from China Mobile and China Telecom. Shares are up 1.3% on a down day. Shares were up over 8% at $2.50 before the close.
American Express Company (NYSE: AXP) sold half the shares they own in Industrial & Commercial Bank of China in Hong Kong in a private placement of around $1 billion. As financials were lower, AMEX was down 0.25% at $24.17 right before the close.
Bank of America Corporation (NYSE: BAC) was noted by regulators as needing to raise more capital after the stress tests. Shares were down over 8% at $8.15 shortly before the close. There is a question for tomorrow's annual shareholder meeting: Will Ken Lewis survive?
Citigroup Inc. (NYSE: C) was also noted by regulators as being in need of more capital. Its shares were down almost 6% at $2.89.
Mattel Inc. (NYSE: MAT) hardly reacted to news that the $100 million judgement it won was upheld after MGA Entertainment lost a bid to have the ruling reduced over its controversial Bratz dolls. Shares were up 1% at $14.84 ahead of the close.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
Reader Comments (Page 1 of 1)
4-28-2009 @ 5:25PM
clikdawg said...
Just curious -- since stress test results were NOT to be released until next week, who leaked the BoA news: BoA (and after Bam-Bam said not to!)? A BoA competitor? The government itself?
Not one article or columnist I've read has even asked that question, let alone tried to answer it or its corollaries: Who's manipulating bank stocks via information release, to whose benefit, and why?
Care to be the first, Mr. Ogg?