Closing Bell: An 'Almost' Great Day (TLB, C, MCP, IRE, NFLX, TBT, CSCO)

Filed under: Netflix, Inc. (NFLX), Citigroup Inc. (C)

The markets were reacting favorably all day after Ireland's expected budget approval and after a compromise was reached on taxes here in the United States. At least that was the case before the last hour. Two issues hit today. First was a concern when Nancy Pelosi and others voiced disappointment over an Obama-Republican compromise that extended the Bush-era tax cuts by another two years. Second was an expanded insider trading probe involving more hedge funds and other institutions. That literally took the close-to-triple-digit gains down to flat before the market bounced. A rise was seen in consumer credit when expectations were for a drop.



Here were today's unofficial closing bell levels:



Dow Jones 11,359.16 -3.03 (-0.03%)

S&P 500 1,223.75 +0.63 (0.05%)

Nasdaq 2,598.49 +3.57 (0.14%)



Top Analyst Calls

Continue reading Closing Bell: An 'Almost' Great Day (TLB, C, MCP, IRE, NFLX, TBT, CSCO)

Closing Bell: An 'Almost' Great Day (TLB, C, MCP, IRE, NFLX, TBT, CSCO) originally appeared on BloggingStocks on Tue, 07 Dec 2010 16:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=91df3e5d0c419edaca87ee29eb119f7e