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Today's trading action was interrupted and then switched gears late morning after two unrelated pieces of worrisome news. Most importantly, I'd argue, reports surfaced that a Navy contracted ship fired warning shots at two fast-approaching Iranian vessels. Iran denied any hostilities over the incident (it must have been 'Fauxranians'). Oil shot up $2.43 to $118.49 per barrel. Also, consumer sentiment from University of Michigan (revised) was reported at a 25-year low at around the same time.

These are the unofficial closing prices today for major US index readings:
  • DJIA 12,892.84 (+43.89; +0.34%)
  • S&P500 1,397.86 (+9.04; +0.65%)
  • NASDAQ 2,422.93 (-5.99; -0.25%)
  • 10YR-TBond 3.866% (+0.039)
  • 52-WEEK LOWS (AAI, HRZ, IAR, LEE, NTGR, PAY, UCBH, VDSI)
Baidu.com Inc., (ADR) (NYSE: BIDU) was a big gainer on a mixed day after earnings. The company beat earnings last night and saw an upgrade from Citigroup this morning. Shares rose 6% to $363.00 in the last minutes of trading.

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Closing Bell: Scary undertones and major news mask a mixed day originally appeared on BloggingStocks on Fri, 25 Apr 2008 16:45:00 EST. Please see our terms for use of feeds.

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