BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: Bank earnings and major biotech fail to win over oil and profit taking]]>http://www.bloggingstocks.com/2008/07/21/closing-bell-bank-earnings-and-major-biotech-fail-to-win-over-o/http://www.bloggingstocks.com/2008/07/21/closing-bell-bank-earnings-and-major-biotech-fail-to-win-over-o/http://www.bloggingstocks.com/2008/07/21/closing-bell-bank-earnings-and-major-biotech-fail-to-win-over-o/#commentsFiled under: , , , ,

Today was light on the economic front as far as impact numbers. The June leading economic indicators were down at -0.1%, and the May gain of +0.1% was revised lower to -0.2%. This shows little argument for a strengthening economy. Oil showed how it can still rise as tropical storm Dolly is in the Gulf of Mexico and no deal was reached with Iran, with prices back above $131.00 per barrel. Today was looking like a gain at the start, but the market slid as the day went on.

Below are today's unofficial closing bell index levels:

DJIA 11.467.67 (-28.90)
S&P 500 1259.72 (-0.96)
NASDAQ 2279.69 (-3.09)
10 YR T-NOTE 4.067% (-0.014%)
52-WEEK LOWS
Top Analyst Calls

Bank of America Corp. (NYSE: BAC) showed a more than 4.6% gain at $28.80 in today's final minutes after the earnings report this morning came in far above lowered expectations. This stock is now up over 50% in a few days.

Continue reading Closing Bell: Bank earnings and major biotech fail to win over oil and profit taking

Closing Bell: Bank earnings and major biotech fail to win over oil and profit taking originally appeared on BloggingStocks on Mon, 21 Jul 2008 16:14:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>carl icahnCarlIcahnmorgan stanley upgradesMorganStanleyUpgradesvytorinMon, 21 Jul 2008 16:14:00 EST