Stocks ended slightly higher, as nervous investors focus on oil prices. Higher oil prices could curb economic growth in 2011. Yahoo was a big winner, with the stock jumping 3%. Apple rose only 0.8% after Steve Jobs made a surprise appearance on stage to debut the iPad 2. The implied volatility drifts higher as economic fears surfaced. We expect even more volatility today.
Thursday, March 3, 2011
Lacking catalysts
Stocks ended slightly higher, as nervous investors focus on oil prices. Higher oil prices could curb economic growth in 2011. Yahoo was a big winner, with the stock jumping 3%. Apple rose only 0.8% after Steve Jobs made a surprise appearance on stage to debut the iPad 2. The implied volatility drifts higher as economic fears surfaced. We expect even more volatility today.
