Today was helped in part by housing data for December showing gains on the existing home sales front, but was mostly a sentiment reversal. The S&P closing back above 1,085 yesterday created the hope that a floor was being put in and the stocks followed some strength in Europe to post larger gains. Here were today's unofficial closing bell levels:
Dow 10,297.00 +111.47 (1.09%)
S&P 500 1,103.11 +13.93 (1.28%)
Nasdaq 2,189.68 +18.48 (0.85%)
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General Electric Company (GE) was representative of a strong industrial stock sector today. Shares were up over 4% at $16.90 late in the trading session.
JPMorgan Chase & Co. (JPM) was up 2.5% at $40.61 late in the trading, above the $40.22 level from right when Paul Volcker started speaking on financial regulation today.
Ford Motor Company (F) was trading up 2.1% at $11.36 late in the trading session after the company posted 24% sales headline growth for January. Conversely, Toyota (TM) was lower by almost 3% at $77.72 after disclosing an 8% drop in January sales due in part to its recall issues.
TD Ameritrade Holding Corp. (AMTD) was down over 3% late in the trading session at $17.65. Today was a good day for financial stocks but Fidelity announced that it was cutting its online trading fees and was making certain iShares ETFs commission-free. This is the fear of a price war taking affect.
Repros Therapeutics (RPRX) was one of the big biohealth winners today on positive news on hypogonadism. Shares were up 16% at $0.87 late in the trading day.
Lexmark International (LXK) reported earnings strong enough you would think that the computer printer business was back from the depths. Shares were up over 11% at $29.96 right before the closing bell.
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