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: A great end to horrible October]]>http://www.bloggingstocks.com/2008/10/31/closing-bell-a-great-end-to-horrible-october/http://www.bloggingstocks.com/2008/10/31/closing-bell-a-great-end-to-horrible-october/http://www.bloggingstocks.com/2008/10/31/closing-bell-a-great-end-to-horrible-october/#commentsFiled under: , ,

Today was a busy economic day with data, but the selling in Asia as a "sell the news" reaction from the first Japan rate cut in seven years should have ruled the roost. Employment costs came in at 0.7% as expected, and personal income and spending showed no surprises. The markets also ignored a weak Chicago purchasing managers reading. This was a horrible month, but the DJIA ended up roughly 1,000 points higher from the close last Friday.

Below are today's unofficial closing bell levels:

Dow 9,325.01 +144.32 (1.57%)
S&P 500 968.75 +14.66 (1.54%)
Nasdaq 1,720.95 +22.43 (1.32%)
52-WEEK LOWS
Top Analyst Upgrades
Top Analyst Downgrades

Burlington Northern Santa Fe Corp. (NYSE: BNI) was after an SEC Filing noted that Warren Buffett's Berkshire Hathaway bought an additional 825,000 shares of common stock and now holds a beneficial ownership of 64,610,418 shares of common stock. Shares were up 2.7% at $88.93 right before the close today.

DivX Inc. (NASDAQ: DIVX) traded higher by over 6% after the online media player company beat its earnings expectations. The company also raised its fiscal non-GAAP earnings range to $0.58 to $0.60 from a prior range of $0.52 to $0.58, but lowered its revenue guidance because of product expansion and slower spending. Shares were up over 25% at $6.99 right before the close.

Continue reading Closing Bell: A great end to horrible October

Closing Bell: A great end to horrible October originally appeared on BloggingStocks on Fri, 31 Oct 2008 16:09:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BNIBurlington Northerndivxea gamesEaGamesinthenewsmcafeeFri, 31 Oct 2008 16:09:00 EST