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Closing Bell: stocks run on GDP, retail, and lower oil

Today's stock market rally may be more of a relief run than anything, but the end of day strength of late has been hard to ignore. Today we saw a huge drop of almost 9 million barrels of oil that caught traders off guard, but interestingly enough the oil markets dropped considerably. Combine that with a slightly higher revision to Q1 US GDP to +0.9% and all of a sudden the recession isn't looking so serious. These are the major US index closing levels:
Big Lots Inc. (NYSE: BIG) beat earnings and raised certain parts of guidance, and shares were up over 9% at $31.21 in the final minutes of trading.

Continue reading Closing Bell: stocks run on GDP, retail, and lower oil

One year ago on BloggingStocks

On the one year anniversary of BloggingStock.com's launch, I took a look back at our inaugural posts-

Sarah Gilbert was writing about the phenom YouTube, and AOL's (Time Warner, NYSE:TWX) investment in a rival Veoh.

Anne Metz wrote about the success of Skype and Vonage in the VOIP business. Skype (eBay, NASDAQ:EBAY) had just hit 100 million customers. If you still want some Vonage stock, you can get it real cheap.

Brian White reported on the growing dissatisfaction of WalMart (NYSE:WMT) suppliers with the company's requirement that they maintain inventories of product at the beck and call of the retail giant.

Howard Tsung related Steve Jobs' assurance to Apple (NASDAQ:AAPL) stockholders that, regardless the purchase of Pixar by Disney, his role in Apple would remain unchanged.

Sarah also wrote about the one-day 11% drop ($31 billion) in Microsoft (NYSE:MSFT) stock and how some readers were livid at the press, blaming the messenger for the message. By the same thinking, perhaps Sarah should be credited for Microsoft's subsequent growth.

Brian filed a story about a new Sam's Club product; for $30 grand, one could buy a junket with Jimmy Buffet of "Cheeseburger in Paradise" fame.

Anne Metz covered AOL's hopes that product placement with a new TNT series, Saved, as well as their hit The Closer, would help push the pay service to new heights. How'd that work out?

Brian launched our obsession with Google (NASDAQ:GOOG) with two stories, about implications for the company of widespread click fraud, and its interest in ad-supported municipal wireless.

Looking back, I'm struck by how quickly the market changes, especially the e-economy, and how on top of trends our BloggingStocks writers have been. Pretty good work for a one-year-old, eh?

Continue reading One year ago on BloggingStocks

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 02:03 PM

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