Traders came in this morning wanting to carry on from last week's stability on word that
Washington Mutual, Inc. (NYSE: WM) was perhaps going to get a private equity bailout. At least a lifeline was the hope. But throughout the day shares slid from a 100 point gain to close mostly flat on the day as the market decided it had better get ready to go into earnings season yet again for Q1 2008 earnings reports from major companies. Below are the unofficial closes for US index levels:
Apple, Inc. (NASDAQ:
AAPL) up today after a price target upgrade by Thomas Weisel Partners today. Shares closed up almost 2% at $155.89.