Today was another up day, mostly thanks to the new Basel III banking accords showing that most banks are actually not in need of fresh capital any time in the immediate future. We also saw Warren Buffett refute that there is a double-dip recession and we also had a slightly less-atrocious August Treasury deficit than expected. This was a day where traders began putting back on the risk trade.
Here were today's closing bell levels:
Cheniere Energy, Inc. (LNG) was a winner after Jim Cramer touted it as being an approved company to sell natural gas to the world after a decision last week. Shares rose 8.6% to $2.89.
Oxigene Inc. (OXGN) was up almost 15% at $0.31 after positive thyroid cancer data. This one had been by nearly 50% at the start of the day.