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Today was one of those days that felt more dependent upon overseas markets than one of those 'must watch' days full of economic data. There was a larger-then-expected build in wholesale inventories that outpaced sales, although that wholesale trade data rarely moves markets very much. Here were today's unofficial closing bell levels:
Dow Jones 10,462.84 +47.60 (0.46%)
S&P 500 1,109.56 +5.38 (0.49%)
Nasdaq 2,242.48 +6.28 (0.28%)
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Allos Therapeutics (ALTH) was floated out there as a potential takeover stock in an article today. Shares were up 8% at $4.30 late in the day.
BP plc (BP) said that it was delaying its third quarter earnings release as it needed more time to assess charges, schedules, and more from the ongoing problems out at the Deepwater Horizon disaster site. Surprisingly, shares were up almost 0.5% at $38.19 in the late-afternoon trading.
China BAK Battery, Inc. (CBAK) rose on a late-day announcement that it won an advanced battery supply pact from Chery Automobile Company in China. Shares were up over 10% at $1.87 late in the trading day.
Lululemon Athletica Inc. (LULU) was higher all day after it beat earnings and raised guidance. Shares were up 12.8% at $40.45 late in the trading session.
Philip Morris International (PM) was higher after it followed the trend of hiking tobacco dividends. Shares were up over 1.5% at $54.58 late in the trading day.
PG & E Corporation (PCG) found out the hard way today that fatal natural gas fires do not really build shareholder value. Shares were trading down nearly 7% at $44.89 late in the trading day.
Dell Inc. (DELL) was lower on the day after a very late analyst downgrade on data that should have been known weeks ago. Still, shares were down 3% at $12.01 shortly before the closing bell.
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