Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, G
Posted by: admin in Stocks NewsFiled under: Google (GOOG), Microsoft (MSFT), Wal-Mart (WMT), Target Corp. (TGT), Garmin Ltd (GRMN)
The day before Thanksgiving is always an unusual one. We had a slew of economic data today and that all propelled shares higher than what the pre-market indications were.The largest figure this day was that jobless claims finally broke under the 500K per week mark… Initial Jobless Claims came in at 466,000, under the 495,000 expected by Bloomberg. The continuing jobless claims also fell by 190,000 to 5,423,000.
The Department of Energy’s weekly oil inventories data did show gains after recent drops. This was in crude, gasoline, and refining capacity, with distillates as the only loser. The data on Personal Income & Spending for September were +0.2% on income and +0.7% on spending, versus Dow Jones estimates of +0.1% and +0.6%, respectively.
Here were today’s unofficial closing bell levels:
Dow 10,464.40 +30.69 (0.29%)
S&P 500 1,110.63 +4.98 (0.45%)
Nasdaq 2,176.05 +6.87 (0.32%)
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Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT) originally appeared on BloggingStocks on Wed, 25 Nov 2009 16:10:00 EST. Please see our terms for use of feeds.
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