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Today was indicative of another mixed day for equities, and other markets were mixed as well. We saw a sharp rise in bond yields due to a more hawkish fear from Wall Street about the FOMC rather than the wider than expected trade deficit reported this month. Oils closed down again on increased production today, although we still sit north of $130/barrel. Here are the unofficial closes of major US index levels:
  • DJIA 12286.18 (+5.86)
  • S&P500 1358.10 (-3.66)
  • NASDAQ 2448.94 (-10.52)
  • 10YR T-NOTE 4.099% (+0.107%)
  • Top 10 Analyst Calls
There were also many biotech stocks today (ACHN, CRXL, MNKD, SQNM, CYTR, CYTX, INGN, ATHX, MITI, GTOP) which saw mystery moves to the downside on either not big news or as a follow-on trading move after news from the last few days.

American Superconductor Corp. (NASDAQ: AMSC) saw a sharp rise and shares were up almost 20% to $43.25 in the final minutes of trading today. The company secured a follow-on order today from China worth more than two-year's worth of revenues for the company.

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Closing Bell: Forget the tape, biotechs and others move big originally appeared on BloggingStocks on Tue, 10 Jun 2008 16:28:00 EST. Please see our terms for use of feeds.

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