Buyers showed strength and pushed stocks higher. Financial stocks also showed leadership in the late move. Investors ultimately shook off the day's jitters about China's trade rift with the U.S. Shares of Sprint rallied 11% on published reports that Deutsche Telekom, the owner of T-Mobile USA, is interesting in acquiring the U.S. based phone carrier. Oracle earnings call scheduled for Wednesday. As we said before, the stock price is subject to correction. It may cause weakness in the entire tech sector.
Tuesday, September 15, 2009
Finished in the green
Buyers showed strength and pushed stocks higher. Financial stocks also showed leadership in the late move. Investors ultimately shook off the day's jitters about China's trade rift with the U.S. Shares of Sprint rallied 11% on published reports that Deutsche Telekom, the owner of T-Mobile USA, is interesting in acquiring the U.S. based phone carrier. Oracle earnings call scheduled for Wednesday. As we said before, the stock price is subject to correction. It may cause weakness in the entire tech sector.
