Tuesday, July 14, 2009

Market wrap - 4:30PM

Slow day at the office today. After opening around 900, the S&P dropped to the 896 around 10.46, then rose sharply higher to hit 905 at 11.56. The index stayed positive the rest of the day and closed at 905.84. Low volume, not much action after that 1 hour and 10 minute move. Dow 8,359.49 +27.81 (0.33%) S&P 500 905.84 +4.79 (0.53%) Nasdaq 1,799.73 +6.52 (0.36%) Gold 923 +0 +0.03% Oil 59.30 -0.17 -0.29% Today by sector: Today's heatmap:
Intel's earnings report came out around 4:15 and trading was halted. Not sure about that. CNBC reporting, and showing a chart, of Intel trading higher after hours. My software was telling me trading was halted. Not sure what the deal is. UPDATE: Trading just resumed at 4:30 according to MY software, and Maria just came on and said Intel has resumed trading. I'll give them the benefit of the doubt this time. She gave the earning numbers which appeared to be better than expected, so she ASSUMED they should trade higher. Or, the person in her ear didn't tell her trading has stopped. With the incessant cheerleading and pumping from CNBC, this was a hard thing to say. YUM Brands also reported, and is trading lower after hours. SPY shares up

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