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Closing Bell: Dow up a whopping 331; ADM falls, Lehman rises

Today's markets started out strong and got stronger.

If you were a conspiracy theorist you might even make a crack noting that Wall Street had already seen the dovish FOMC comments which signaled that rate hikes are not a certainty until after the election. Throw in a substantial drop in oil to new recent lows of under $119.00 per barrel, and the rest is all gravy.

Here are today's unofficial closing bell levels:
D.J.I.A. 11,615 (+331)
S&P500 1,283.28 (+34)
NASDAQ 2,347.36 (+62)
10YR T-NOTE 4.007% (+0.035%)
52-Week Lows
Top Analyst Downgrades
Top Analyst Upgrades

Archer-Daniels Midland Company (NYSE: ADM) saw shares down over 5% in today's final minutes. Despite the stock being close to new fresh lows, traders were very unenthusiastic after the company missed earnings expectations.

Continue reading Closing Bell: Dow up a whopping 331; ADM falls, Lehman rises

This week's rumor round-up: More bids for XM Satellite Radio?

It may be Independence Day week, but it appears that there are a number of companies willing to sell their independence to the highest bidder.
  • XM SATELLITE RADIO HOLDINGS INC (NASDAQ: XMSR)

  • Word is that there's more than one bid out for the satellite radio company. We know about the merger agreement with Sirius Satellite Radio Inc's (NASDAQ: SIRI), so who's the other party? Or, is there another party? Some are convinced it's just talk. No names are even floating around. But for XM to walk away from Sirius would cost them a $175M break-up fee. They'd have to really be serious about another offer to do that.

  • BUILDING MATERIALS HOLDING CORPORATION (NYSE: BLG)

  • In May, Robert L .Chapman of Chapman Capital, the "activist investor", said Building Materials Holding Corp. should consider selling all or parts of itself. Then he upped his stake to 8.1% in the residential construction services provider. Now comes word that the company may have hired, or be in the process of hiring, a strategic advisor.

Continue reading This week's rumor round-up: More bids for XM Satellite Radio?

Symbol Lookup
IndexesChangePrice
DJIA+30.6910,464.40
NASDAQ+6.872,176.05
S&P 500+4.981,110.63

Last updated: November 27, 2009: 07:13 AM

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