Today started out higher for stocks, but then the US Peso came into play. Shares have been the beneficiary of a weakening dollar, but then the currency bears started to cover the position. There is talk that some foreign central banks intervened to halt the rise of their own currencies, although whether or not that was the case may not be known. Here were today's unofficial closing bell levels:
Dow 9,867.81 -104.37 (-1.05%)
S&P 500 1,066.98 -12.62 (-1.17%)
Nasdaq 2,141.85 -12.62 (-0.59%)
Top Analyst Calls
Top Stock/Market Rumors
Top Day Trader Alerts
Amazon.com Inc. (NASDAQ: AMZN) continued its surge higher and put in yet another 52-week high and what looks to be all-time highs. This follows the huge upside surprise of last week.
BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) received an "emergency use authorization" by the FDA for its peramivir for certain adult and pediatric patients with confirmed or suspected 2009 H1N1 influenza infection who are admitted to a hospital. Shares were up 12% at $10.84 late in the trading day.
Exxon Mobil Corporation (NYSE: XOM) defied the big sell-off in commodities. Shares were actually back in positive territory by $0.06 at $73.63 immediately before the close. That's impressive considering that it was down 2.44% at $78.56 today. Perhaps it is the excitement ahead of Exxon earnings due later in the week.
Fannie Mae (NYSE: FNM) followed last week's trend... down again. We still ask... is there any value? Shares were down almost 7% at $1.09 late in the trading day.
Fifth Third Bancorp (NASDAQ: FITB) was hit on an analyst downgrade by Dick Bove at Rochdale Securities as the stock was cut to "Sell." Shares were down some 9% at $9.37 late in the trading day.
SPDR Gold Shares (NYSE: GLD) got smacked today. As gold is inversely traded with the U.S. dollar, the dollar strength killed gold. This ETF is the largest single-direct investment vehicle for gold in the world and shares were down 1.6% at $101.84 late in the trading day.
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
Will Rich Ross really have a positive impact on Disney's movie operations?
Add your comments