The markets closed down in negative territory, but today will feel like a win to many traders. Each day the news keeps getting a set up for a sell-off and nothing materializes. Bears are even getting frustrated because of no substantial pullbacks. The weaker employment data had little dent, but then the weaker services market kept the rally from emerging today. Here are today's unofficial closing bell levels:
Dow 9,280.97 -39.22 (-0.42%)
S&P 500 1,002.68 -2.97 (-0.30%)
Nasdaq 1,993.05 -18.26 (-0.91%)
Top Analyst Upgrades
Top Analyst Downgrades
USEC Inc. (NYSE: USU) rose but came off of highs after the Department of Energy said it would delay its final decision to give the company time to meet test and financial goals over its government loan guarantee. This had shares up 6.5% at $4.57 ahead of the closing bell.
Whole Foods Market Inc. (NASDAQ: WFMI) was hitting new 52-week highs after earnings came in much better than planned. It even saw some growth in areas. Shares were up 15.5% at $28.70 right before the closing bell.
Electronic Arts Inc. (NASDAQ: ERTS) looked okay on the surface, as it posted a narrower non-GAAP loss than expected, but GAAP versus non-GAAP was huge here, and there is no return of growth expected by management. Shares were down over 7% at $20.31 ahead of the closing bell.
Sotheby's (NYSE: BID) was down after saying that profits were down a sharp 87% with lower auction and lower appraisal figures. Shares were off by 3.5% at $14.47 right ahead of the closing bell.
TiVo Inc. (NASDAQ: TIVO) held up much better than many would have guessed on word that Echostar and Dish initially prevailed in a patent ruling or opinion from the USPTO. Shares were down 4% at $10.54 right before the closing bell.
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