Stocks rallied through the morning as the stronger-than-expected GDP report seemed to soothe some of the market's recent worries. Better-than-expected readings on consumer sentiment and manufacturing also gave stocks an initial pop. The stock selloff was fairly broad based, although technology led the way. Intel, Microsoft, IBM, Apple and Hewlett-Packard were among the big decliners. However, QQQQ implied volatility (market fears) remained low.
Saturday, January 30, 2010
Showed weakness amid strong earnings
Stocks rallied through the morning as the stronger-than-expected GDP report seemed to soothe some of the market's recent worries. Better-than-expected readings on consumer sentiment and manufacturing also gave stocks an initial pop. The stock selloff was fairly broad based, although technology led the way. Intel, Microsoft, IBM, Apple and Hewlett-Packard were among the big decliners. However, QQQQ implied volatility (market fears) remained low.
