Monday, March 21, 2011

Unable to hold gains

Stocks rose for a second day Friday, but cooled as trading progressed, as uncertainty over world events in Libya and Japan that hung over the day’s market action. Among tech stocks, Cisco gained almost 1% after the co. said it would pay a dividend of $0.06 a share. Implied volatility inched lower Friday.
This week investors will focus their attention on the crises in Libya and Japan. Also bigger moves in markets expected today following news AT&T to buy T-Mobile from Deutsche Telekom for about $39 billion in cash and stock.