This morning's revised GDP and still high jobless claims were of no concern to the bulls. After a key DJIA component had news, and after interest perked back up in the financial stocks, traders forgot about selling and just started buying all over again. Seven days in a row of an up market is becoming a normal event, it seems. Here were today's unofficial closing bell levels:
Dow 9,576.47 +32.95 (0.35%)
S&P 500 1,030.91 +2.79 (0.27%)
Nasdaq 2,028.09 +3.66 (0.18%)
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Altria Group, Inc. (NYSE: MO) raised its quarterly dividend by over 6% to $0.34 per share of common stock per quarter from $0.32. Shares were up 0.4% at $18.25 just before the closing bell.
American International Group Inc. (NYSE: AIG) had another massive launch of a day after rumors were out that Hank Greenberg may want to return in some form other than in management. Shares were up a whopping 27% at $47.95 right before the close.
Boeing Co. (NYSE: BA) joined the mile-high club after announcing its 787 Dreamliner maiden flight date before the end of this year and scheduling preliminary deliveries into Q4-2010. Interestingly enough, many Boeing Dreamliner parts and service contractors lagged in performance. But Boeing was up over 8% at $51.75 right before the close.
Harley-Davidson, Inc. (NYSE: HOG) is heading to India. The company is setting 2010 as the entrance to the Indian market. Shares were up 2.7% at $22.55 before the close.
Citigroup Inc. (NYSE: C) rose on reports that influential billionaire hedge fund magnate John Paulson has amassed a 2% stake in the troubled bank. Shares were up 9% at $5.06 right before the close.
Immunomedics Inc. (NASDAQ: IMMU) soared on news that it had very positive lupus study results along with a a partner in phase IIb clinical studies. Shares were up 61% at $6.87 right before the close.
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