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Closing Bell: Bears head to rehab (GE, KFT, CBY, ORCL, ADBE, FLEX, KERX)

Posted Sep 16th 2009 4:00PM by Jon Ogg (RSS feed)
Filed under: General Electric (GE), Adobe Systems (ADBE), Oracle Corp (ORCL), Kraft Foods'A' (KFT)

The bulls just keep running. So much so that even the bears have started wearing horns and fake hooves so that they fit in a little better. A tame CPI figure on consumer inflation helped things steady and then a less-bad homebuilder survey allowed the run to continue higher. Oil prices ramped up on lower crude inventories as well. Here were today's unofficial closing bell levels:

Dow 9,790.35 +106.94 (1.10%)
S&P 500 1,068.76 +16.13 (1.53%)
Nasdaq 2,133.15 +30.51 (1.45%)

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