Stiff selling on heavy volume came as the greenback spiked against foreign currencies. After the market close Thursday, Oracle reported a profit of 39 cents a share versus 34 cents a year ago. The software company's results beat analyst expectations of 36 cents per share. Smartphone maker Palm reported a wider-than-expected loss of 37 cents per share in its second fiscal quarter. Palm's rival, Blackberry maker Research in Motion, earned $1.10 per share, up from 69 cents a year ago. RIM shares were up about 11% in after-hours trading. QQQQ implied volatility inched higher in thin trading session.
Friday, December 18, 2009
Plunged on global jitters
Stiff selling on heavy volume came as the greenback spiked against foreign currencies. After the market close Thursday, Oracle reported a profit of 39 cents a share versus 34 cents a year ago. The software company's results beat analyst expectations of 36 cents per share. Smartphone maker Palm reported a wider-than-expected loss of 37 cents per share in its second fiscal quarter. Palm's rival, Blackberry maker Research in Motion, earned $1.10 per share, up from 69 cents a year ago. RIM shares were up about 11% in after-hours trading. QQQQ implied volatility inched higher in thin trading session.
