It took over 2 months, but the S&P 500 finally achieved a new high for the year and its highest close in almost 3 years.
There were a number of companies that reported earnings today. Here's how the current group fared:
Illinois Tool Works (ITW 57.73, +3.32), 3M (MMM 95.94, +1.82), Humana (HUM 76.69, +4.01), UPS (UPS 74.30, +0.66), Ford (F 15.66, +0.12), Delta Air Lines (DAL 9.99, +0.99), US Airways (LCC 8.80, +0.52), IBM (IBM 168.49, +0.82), Coca-Cola (KO 66.93, -0.81),
Updated 04-27-2011 at 06:07 AM by coolhand
Dull day... waiting - Just a quick update today after yesterday's uneventful, low volume trading. The Dow slipped 26-points... Market Commentary for 4/26/11 Current Daily Market Commentary
There was little news to drive the markets today and volume was quite anemic to boot. As a result the major averages drifted around in mostly negative territory, but did close mixed as the Nasdaq managed to post some modest gains in spite of the negative finish for the S&P and DOW.
One data point of note today was March new home sales, which rose to an annualized rate of 300,000 units from a rate of 270,000 units the prior month. Economists had been looking for a number closer to
H&S and curve balls - We saw more upside action on Thursday, following up on Wednesday's big rally. The Dow was up 52-points on the day as the pre-holiday positive seasonality held up... Market Commentary for 4/25/11 Current Daily Market Commentary
After last week's bullish ramp up in the Tracker charts, I was anticipating some profit taking last week would drop those bullish levels a bit. And they did. Let's take a look.
Last week total G fund holdings for the Top 50 were sitting at 21.12%. For this week, total G fund holdings bumped up to 21.7%, which was less than a 1% increase. The S fund allocation fell 4.38%, but the I fund is up 2.28% going into this
Updated 04-24-2011 at 05:20 PM by coolhand