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Tuesday, December 7, 2010

Closing Bell: Sideways Monday Goes Red (AAPL, BGP, BKS, CBRX, MCP, PFE, GLD, STP)

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Ben Bernanke's explanation and defense, or lack thereof to many, about his version of QE2, managed to dominate many key themes today. Gold was hitting fresh highs and European woes were discounted again. We are seeing the risk trade come in full force, although many of the sectors were soft. Late-day selling in the DJIA and S&P500 made for a close in the red, but this was close to red and black for most of the afternoon session after a fairly weak open.



Here are today's unofficial closing bell levels:



Dow Jones 11,362.19 -19.90 (-0.17%)

S&P 500 1,223.12 -1.59 (-0.13%)

Nasdaq 2,594.92 +3.46 (0.13%)



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Continue reading Closing Bell: Sideways Monday Goes Red (AAPL, BGP, BKS, CBRX, MCP, PFE, GLD, STP)

Closing Bell: Sideways Monday Goes Red (AAPL, BGP, BKS, CBRX, MCP, PFE, GLD, STP) originally appeared on BloggingStocks on Mon, 06 Dec 2010 16:00:00 EST. Please see our terms for use of feeds.

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