Citigroup told investors that it earned a profit during the first two months of 2009. Financial stocks surged 15.6% this session, providing leadership to the broader market. The stock market's advance was further helped by short-covering. Texas Instruments narrowed sales outlook. These slight signs of improvement impressed the market. Intel, AMD, Oracle and Microsoft added up more than 8%. According to our estimates, the market has a 75% probability of closing higher today than it did yesterday.
Wednesday, March 11, 2009
Rebounded on Citigroup's update
Citigroup told investors that it earned a profit during the first two months of 2009. Financial stocks surged 15.6% this session, providing leadership to the broader market. The stock market's advance was further helped by short-covering. Texas Instruments narrowed sales outlook. These slight signs of improvement impressed the market. Intel, AMD, Oracle and Microsoft added up more than 8%. According to our estimates, the market has a 75% probability of closing higher today than it did yesterday.
