Closing Bell: Technical Relief On Groundhog Day (GE, JPM, F, AMTD, RPRX, LXK)

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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Symbol Lookup
IndexesChangePrice
DJIA-113.5612,776.90
NASDAQ-20.242,906.99
S&P 500-10.731,341.22

Last updated: February 10, 2012: 11:28 AM

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