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Today would have been an exciting day with positive and mixed economic data, a big draw in oil inventories, and the FOMC minutes coming out. But the trading volume is drying up as the A-Team traders are throwing in the towel and not coming back to work until next Tuesday. This was one of those days where there was no feel for an up or down day literally until right at the closing bell. Here were today's unofficial closing bell levels:
Dow 9,277.27 -33.33 (-0.36%)
S&P 500 994.53 -3.51 (-0.35%)
Nasdaq 1,966.70 -2.19 (-0.11%)
Top Analyst Upgrades and Downgrades
Top Day Trader Alerts
BP Plc (NYSE: BP) was a huge winner for an oil and gas ADR, considering how oil traded today. It announced a huge oil and gas find, although literally it could be 2020 before they tap that field deep in the waters in the Gulf of Mexico. BP's ADR was up over 4% at $52.61 right before the closing bell.
Cisco Systems Inc. (NASDAQ: CSCO) and EMC Corp. (NYSE: EMC) both rose on reports that a joint venture for storage and services was being launched in regard to Cisco's new efforts. Cisco was up 2% at $21.61 and EMC was up 0.5% at $15.62 right before the close.
Novavax Inc. (NASDAQ: NVAX) led many swine flu and flu related stocks lower today. This was on the heels of an analyst downgrade based upon share performance getting ahead of itself. Shares were down over 10% late in teh day at $5.96 on active trading.
Sepracor, Inc. (NASDAQ: SEPR) was the drug/bio winner today on rumors of a buyout coming its way. Shares were up 26% at $22.80 before being halted.
Vonage Holdings (NYSE: VG) traded up sharply back above $2.00 over the Apple iPhone app being approved and on what seem to be bogus partnership or buyout rumors. Shares came off highs and were up almost 19% at $1.70 ahead of the close.
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