Closing Bell: Major Win in Deficit Cuts (SBUX, AXP, SPWRA, TBT, F, HD)

Filed under: Starbucks (SBUX), Ford Motor (F), Home Depot (HD), American Express (AXP)

The deficit commission's pledge to bring the deficit down to a managed level and the hope that the Euro-Zone won't implode gave markets a steady boost today. Add in higher ISM data and higher jobs data than expected, along with predictions of solid retail numbers, and we had a huge rally. A gain of more than 200 points qualifies as a huge day.



Here were today's unofficial closing bells:



Dow Jones 11,255.78 +249.76 (2.27%)

S&P 500 1,206.07 +19.47 (1.64%)

Nasdaq 2,549.43 +51.20 (2.05%)



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Closing Bell: Major Win in Deficit Cuts (SBUX, AXP, SPWRA, TBT, F, HD) originally appeared on BloggingStocks on Wed, 01 Dec 2010 16:30:00 EST. Please see our terms for use of feeds.

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