Closing Bell: Slight Climb Throughout the Day (GE)

Filed under: General Electric (GE), S and P 500, DJIA, NASDAQ

Trading for the day started slowly. As is true most summer Fridays, there was not much news and few earnings announcements. Those who had to work on Wall Street spent the morning waiting for stress test data on European banks. The data was due at noon and there were no surprises. Seven smaller financial firms out of 91 did not make the cut. None of the firms was considered strategically important.



The S&P did move about 1,100, a sign that the movement up in the market has been steady enough to move above a psychological hurdle. But, the move was on so little volume that early Monday will be a better barometer of the market's sentiment.



The numbers:



Dow 10,424.62 +102.32 (0.99%)

S&P 500 1,102.66 +8.99 (0.82%)

Nasdaq 2,269.47 +23.58 (1.05%)

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Closing Bell: Slight Climb Throughout the Day (GE) originally appeared on BloggingStocks on Fri, 23 Jul 2010 17:00:00 EST. Please see our terms for use of feeds.

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