The positive tone helped stocks extend the prior session's advance but broad-based gains faded into the close. The question is whether recovery jitters have been fully discounted by the market. Qualcomm said that it was hiking its dividend by 12% and initiating a new stock buyback program. Investors welcomed the news, propelling the stock up 6.7%. The QQQQQ implied volatiltity little changed.
Wednesday, March 3, 2010
Lost some steam
The positive tone helped stocks extend the prior session's advance but broad-based gains faded into the close. The question is whether recovery jitters have been fully discounted by the market. Qualcomm said that it was hiking its dividend by 12% and initiating a new stock buyback program. Investors welcomed the news, propelling the stock up 6.7%. The QQQQQ implied volatiltity little changed.
