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High productivity all helped fuel the rally today, partly in hopes that this leads to more hiring in 2010. The lowest number of new jobless claims since January helped as well as the DJIA was floating right around the 10,000 mark at the closing bell.
Here were today's unofficial closing bell levels:
Dow 10,005.96 +203.82 (2.08%)
S&P 500 1,066.63 +20.13 (1.92%)
Nasdaq 2,105.32 +49.80 (2.42%)
SIRIUS XM Radio Inc. (NASDAQ: SIRI) traded up early on a 27% revenue gain to $618.7 million, but fell to only up over 3% late in the session. Earnings were a net loss of $149.2 million or -$0.04 EPS, but this included a charge of $138 million. If you take out the charges and items, SIRIUS managed a non-GAAP $106 million profit vs a non-GAAP loss of $37 million a year ago. On an EPS basis, that would break-even. The estimates from Thomson Reuters were -$0.02 non-GAAP EPS and $608.7 million in revenue.
Berkshire Hathaway Inc. (NYSE: BRK-A) was noted again by one of the rating agencies that its "AAA" equivalent might be in jeopardy over the BNSF leverage. Investors shrugged this off as shares were up 0.2% at $101,751.00 right before the close.
More talk floated around recently that Oracle (NASDAQ: ORCL) could drop its deal to buy Sun Microsystems Inc. (NASDAQ: JAVA) in the face of opposition to the deal from the EU. This had Sun shares down 0.8% at $8.24 right before the closing bell.
Bank of America Corporation (NYSE: BAC) rose on hope that a new CEO announcement was nearer than many expect, despite denials from some candidates. Shares were up 2% at $15.00 right before the close.
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