Closing Bell: QE2 Giveth and Taketh Away (BIIB, BAC, BRCM, PGI, REE, BWLD)

Filed under: Bank of America (BAC), Broadcom Corp'A' (BRCM)

Durable goods sounded good on the surface until the transportation component was removed and after a look at many sectors in business spending. The trend belief is now that quantitative easing (QE2) is going to be lower in dollars and be spread out over a longer period. This all leads to some give-back for stocks, and longer-term bond yields rose as well.

Here were today's unofficial closing bell levels:

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Closing Bell: QE2 Giveth and Taketh Away (BIIB, BAC, BRCM, PGI, REE, BWLD) originally appeared on BloggingStocks on Wed, 27 Oct 2010 16:20:00 EST. Please see our terms for use of feeds.

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