Closing Bell: Bulls on vacation (BAC, C, CIT, HLCS, MSFT, GOOG)
Posted by: admin in Stocks NewsFiled under: Microsoft (MSFT), Citigroup Inc. (C), Bank of America (BAC), CIT Group (CIT)
Today was one of those of those days that started out weak, and ended up that way as well. Wholesale inventories were down again for the 10th month in a row. Many analyst calls and a late summer breather are also to blame for the selling after we’ve seen such a strong summer rally. Here were today’s unofficial closing bell levels:
DJIA: 9,241.45 (-1.03%)
NASDAQ: 1,969.73 (-1.13%)
S & P 500: 994.35(-1.27%)
Top Analyst Upgrades/Downgrades
Bank of America Corp. (NYSE: BAC) was hit this day on an analyst call from Rochdale’s Dick Bove, who stated the settlement being held up by a judge is bad for banks. Shares were down 4% at $15.98 late in the day.
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Closing Bell: Bulls on vacation (BAC, C, CIT, HLCS, MSFT, GOOG) originally appeared on BloggingStocks on Tue, 11 Aug 2009 16:21:00 EST. Please see our terms for use of feeds.
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