Closing bell: up on bad news (C, AAPL)

Filed under: After the bell, Apple Inc (AAPL), Citigroup Inc. (C), S and P 500, DJIA, NASDAQ

The market should have focused on the downward revision of Q3 GDP to 2.2%. When the benefits of "cash for clunkers" is taken out, the economy barely grew at all.

Stocks ended up being driven by good housing sales figures which were up 7.4% for November and equities were up for a third consecutive day. The market's movement between now and the end of the year will probably be driven by retail sales numbers, but there were few of those today.

The unofficial closing numbers:

Dow 10,464.93 +50.79 (0.49%)
S&P 500 1,118.02 +3.97 (0.36%)
Nasdaq 2,252.67 +15.01 (0.67%)

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Closing bell: up on bad news (C, AAPL) originally appeared on BloggingStocks on Tue, 22 Dec 2009 16:40:00 EST. Please see our terms for use of feeds.

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