Closing Bell: Little Action On Less Care (RIMM, ORCL, JNJ, STU, C, & ARNA)

Filed under: After the Bell, Major Movement, Citigroup Inc. (C), Johnson and Johnson (JNJ), Research in Motion (RIMM), Oracle Corp (ORCL), S and P 500, DJIA, NASDAQ

It really wasn't a very good news day for stocks, but the market was flat anyway. The University of Michigan consumer index hit a one year low, which was not expected. It dropped to 66.6 in September from 68.9 last month. Consensus estimates were for the number to be 70.



Consumer inflation literally dropped to zero, once food and energy were factored out. There has not been much talk about deflation recently, but when price pressure dissipates, the specter appears.



Today's closing bell numbers:



Dow Jones 10,607.85 +13.02 (0.12%)

S&P 500 1,125.59 +0.93 (0.08%)

Nasdaq 2,315.61 +12.36 (0.54%)

Continue reading Closing Bell: Little Action On Less Care (RIMM, ORCL, JNJ, STU, C, & ARNA)

Closing Bell: Little Action On Less Care (RIMM, ORCL, JNJ, STU, C, & ARNA) originally appeared on BloggingStocks on Fri, 17 Sep 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















Research in Motion - University of Michigan - Oracle Corporation - Johnson & Johnson - Dow Jones Industrial Average

Full story at http://www.pheedcontent.com/click.phdo?i=2e524758d4c6fbbf8837579012031810