Closing Bell: Almost 700 DJIA Points in 6 Trading Days (ADCT, TEL, AA, AAPL, MBI, RSH, TLT)

ADC Telecommunications Inc. (ADCT) was the tech/telecom deal of the day, as Tyco Electronics (TEL) is acquiring it for about $1.25 billion, or $12.75 per share in cash. ADC Telecomm shares were up a whopping 41% at $12.51 and Tyco Electronics shares were actually up 2.4% at $25.89.

Alcoa, Inc. (AA) delivered upon beating lowered earnings expectations and this had anything tied to heavy industry and basic industry up. Shares were up 1.45% at $11.03 right before the closing bell.

Apple, Inc. (AAPL) shares were lower on concerns that the new problems tied to to iPhone 4 could ultimately lead to recalls or ditched Apple loyalty. Some debate this, but the stock was down 2% at $252.04 on a day where the market would made you think Apple would be up 2%. Apple's woes are yet another win for Research in Motion (RIMM), and RIM shares were up 4% at $55.98 right before the closing bell.

MBIA Inc. (MBI) was a big winner after Bruce Berkowitz' Fairholme Fund took an 11% stake without anyone knowing about it. MBIA shares were up a sharp 11.8% at $7.19 on that endorsement.

RadioShack Corporation (RSH) saw elevated options trading based on those ongoing pesky rumors of a buyout, and shares were up 4.5% at $22.49 late in the day right before the closing bell.

iShares Barclays 20+ Year Treas Bond (TLT) is a trading tool ETF used for longer-date Treasuries and that auction and rise in rates with the 10-Year at 3.11% and 30-year now at 4.10% hurt this one today. SHares were down almost 1% at $98.30 shortly before the 4PM close.