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A narrower trade deficit and a lower report of weekly jobless claims did not keep the market endlessly higher again today despite the notion that the markets were at least up. The biggest sector news was an almost endless biotech bonanza of analyst upgrades and a plethora of drug news. Here were today's unofficial closing bell levels:
Dow Jones 10,415.24 +28.23 (0.27%)
S&P 500 1,104.21 +5.34 (0.49%)
Nasdaq 2,236.20 +7.33 (0.33%)
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The Men's Wearhouse, Inc. (MW) was up 5% at $22.09 after the mens' suit and dressy casual retailer beat earnings.
Genzyme Corporation (GENZ) was trading up slightly by 0.3% at $70.69 on rumors that a higher bid for the company may be coming down the pipe.
Skechers USA Inc. (SKX) was hit much harder than what you would expect from an analyst downgrade. Shares were down over 12.6% at $23.00 right before the close.
Oil was higher most of the day after two reports of drops in inventories for the week, but oil slid lower by the end of the session. The United States Oil (USO) ETF was down 0.3% at $33.03 after having been up over 2% early this morning.
ProShares UltraShort 20+ Year Treasury (TBT) gained in value as yields rose on the longer-end of the yield curve. To show just how much leverage there is, this one was up over 4% at $33.22 right before the closing bell.
Emmis Communications Corp. (EMMS) shares took a bath after its CEO let the tender acquisition offer expire. Shares were down 28% at $1.18 right before the closing bell.
Genzyme Corporation (GENZ) was trading up slightly by 0.3% at $70.69 on rumors that a higher bid for the company may be coming down the pipe.
Skechers USA Inc. (SKX) was hit much harder than what you would expect from an analyst downgrade. Shares were down over 12.6% at $23.00 right before the close.
Oil was higher most of the day after two reports of drops in inventories for the week, but oil slid lower by the end of the session. The United States Oil (USO) ETF was down 0.3% at $33.03 after having been up over 2% early this morning.
ProShares UltraShort 20+ Year Treasury (TBT) gained in value as yields rose on the longer-end of the yield curve. To show just how much leverage there is, this one was up over 4% at $33.22 right before the closing bell.
Emmis Communications Corp. (EMMS) shares took a bath after its CEO let the tender acquisition offer expire. Shares were down 28% at $1.18 right before the closing bell.
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