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Dow 11,787 S&P500 1,293 Nasdaq 2,755 Gold 1,360
The Dow has climbed the wall of worry for seven consecutive weeks, reaching its highest level since June 2008.
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Now, for the 15 reasons markets moved this week:
- Europe is pressing Portugal to accept more financial assistance. The EU debt mess is the crisis that keeps on giving.
- Merger Monday was overshadowed by the wait for earnings season. Playboy turned monogamous, Duke Energy powered up, and DuPont satisfied its hunger.Don’t Miss: M&A Madness! These Companies are Gobbling Up Growth >>
- Gold (NYSE:GLD) ended a prolonged pullback. Gold has been hit lately as QE2 heads lost some steam. Don’t Miss: Why Rising Rates are Super-Bullish for Gold and Silver >>
Here are Monday’s Top 10 Moving Stocks:
- Duke Energy (NYSE:DUK), Progress Energy (NYSE:PGN), Playboy (NYSE:PLA), DuPont (NYSE:DD), Alcoa (NYSE:AA), Strayer Education (NASDAQ:STRA), Apollo Group, Inc. (NASDAQ:APOL), LDK Solar (NYSE:LDK), DeVry Inc. (NYSE:DV), and Audiovox Corporation (NASDAQ:VOXX).
- Earnings are starting on the right side of the bed. Alcoa (NYSE:AA) gave a very bullish outlook for aluminum markets, Tiffany & Co. (NYSE:TIF) said sales were 11% higher than last year, and Sears Holdings (NASDAQ:SHLD) crushed expectations. So, Why is Alcoa Selling Off After Earnings?
- Verizon’s (NYSE:VZ) iPhone is getting the tech crowd excited. Apple (NASDAQ:AAPL) seems to make people bullish — especially when they have 93 million more prospective customers.
- Oil (NYSE:USO) gushed higher after the Trans Alaska pipeline remained off.Supply is down, prices are up. Don’t Miss: What Bubble? Commodities Have More Upside in 2011 >>
Here are Tuesday’s Top 10 Moving Stocks:
- Verizon (NYSE:VZ), AT&T (NYSE:T), Stryker Corporation (NYSE:SYK), Lennar Corporation (NYSE:LEN), Apple (NASDAQ:AAPL), Alcoa (NYSE:AA), SUPERVALU INC. (NYSE:SVU), Goldman Sachs Group, Inc. (NYSE:GS), Sanofi-Aventis SA (NYSE:SNY), and H.B. Fuller Company (NYSE:FUL). Now See What’s Moving These Shares >>
- Portugal caught a nice bid for bonds and EU crisis concerns eased. Long term interest rates eased, but short term rates actually increased. Is the EU Debt Crisis Over? >>
- Risk was back on with more focus on a recovery. Financials (NYSE:XLF) did well as investors liked the “modest recovery” talk in the Federal Reserve’s Beige Book.
- Gold (NYSE:GLD) rebounded and ended back in the green. We’ve noticed that Gold is finding support amidst more expectations for economic strengthening and less crisis. Don’t Miss: Why Do Mainstream Haters Deny Gold its Fundamentals? >>
Here are Wednesday’s Top 10 Moving Stocks:
- Zale Corporation (NYSE:ZLC), LeapFrog Enterprises (NYSE:LF), ITT Corporation (NYSE:ITT), Strategic Diagnostics Inc. (NASDAQ:SDIX):, Telestone Technologies Corporation (NASDAQ:TSTC):, Majesco Entertainment Co. (NASDAQ:COOL), Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), Spirit AeroSystems Holdings, Inc. (NYSE:SPR), Advanced Micro Devices, Inc. (NYSE:AMD), and H.B. Fuller Company (NYSE:FUL). Now See What’s Moving These Shares >>
- US Macro Economic data disappointed. Initial Jobless Claims hopped 35,000 to 445,000 — the largest increase since July — and the Producer Price Index (NYSE:PPI) came in at an inflated 1.1%. Check Out: NEW RECORD: Foreclosures Top 1 Million. What If Banks Didn’t Halt? >>
- Dow giant Merck clawed the index down. Merck & Co. (NYSE:MRK) closed down 6.6% after ending testing on a stroke drug.
- Oil (NYSE:USO) took a breather. After rocketing to $91, traders rested on the weak macro data. Don’t Miss: Can Oil Reach $150 by Late 2012? >>
Here are Thursday’s Top 10 Moving Stocks:
- Target (NYSE:TGT), Infosys Technologies (NASDAQ:INFY), AIG (NYSE:AIG), MSCI Inc. (NYSE:MSCI):, Marathon Oil Corporation (NYSE:MRO):, Intel (NASDAQ:INTC), Merck (NYSE:MRK), TTM Technologies (NASDAQ:TTMI), ITT Corporation (NYSE:ITT), and Williams-Sonoma (NYSE:WSM). Now See 14 Stocks Benefiting and Losing from World Agricultural Supply and Demand Estimates >>
- Financial Dow heavyweight component JP Morgan’s (NYSE:JPM) shares were up over 1% today. Banks have long been a concern and worry on investors minds. JP Morgan’s latest quarterly report alleviated minds and displayed leadership among stocks today. Here’s Why JPMorgan Shares are Up After Earnings>>
- Are creeping signs of inflation actually good for the stock market? Investors seemed to brush off rising food and gas prices with another push into equities. The bandwagon game could be back as bonds just cannot perform as strong as stocks as an inflation hedge.
- Goldman Sachs (NYSE:GS) shares rose 2% today. Lots of buzz is swirling around Goldman’s CEO Lloyd Blankfein swinging for the Groupon IPO. More big name IPOs stroke more confidence to the stock market. Don’t Miss: Why is Goldman Sachs More Confident About the Recovery?
Here are Friday’s Top Moving Stocks:
- Novellus Systems (NASDAQ:NVLS), Cymer Inc (NASDAQ:CYMI), Molycorp, Inc (NYSE:MCP), Merck (NYSE:MRK), American International Group (NYSE:AIG), Sealy Corp. (NYSE:ZZ), FedEx (NYSE:FDX), M&T Bank Corp (NYSE:MTB), KLA-Tencor Corp. (NASDAQ:KLAC), Monsanto (NYSE:MON), Target (NYSE:TGT), Marathon Oil (NYSE:MRO), Dominion Resources (NYSE:D), Micron Technology (NASDAQ:MU), Cisco (NASDAQ:CSCO). Now See What’s Moving These Shares >>
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