Today is a day that could be marked as Ben Bernanke either defending the dollar or saying the rate cycle was done. Either way, the dollar got stronger against the Euro and oil was down over $3.00 per barrel to under $125.00 per barrel. Nervousness over financials and the economy prevailed at the end of the day. Below are the unofficial closing levels:
Cheniere Energy Inc. (AMEX: LNG) saw a rise of 12% by the final minutes of the day to $6.14 after the company said it would receive two new cargoes in June.
Lehman Brothers Holdings (NYSE: LEH) saw shares plunge again on worries about its health and on rumors that the investment bank had to tap the Fed window for liquidity. Its stock was down 8% at $31.10 in the final minutes of the day.
- DJIA 12,400.74 (-103.08)
- S&P 500 1377.51 (-8.16)
- NASDAQ 2480.48 (-11.05)
- 52-WEEK LOW CLUB
- TOP 10 ANALYST CALLS
Cheniere Energy Inc. (AMEX: LNG) saw a rise of 12% by the final minutes of the day to $6.14 after the company said it would receive two new cargoes in June.
Lehman Brothers Holdings (NYSE: LEH) saw shares plunge again on worries about its health and on rumors that the investment bank had to tap the Fed window for liquidity. Its stock was down 8% at $31.10 in the final minutes of the day.
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