Technology and energy stocks helped push the broader market higher. A more than 3% jump in oil prices boosted energy sector. The major indexes added to their advance after the afternoon release of minutes from the Federal Reserve’s April meeting, which showed the central bank’s members divided on whether to hike interest rates this year. Dell jumped +5.35% after th co. posted upbeat earnings and solid guidance. Also gains came from RIM, Intel, Texas Instruments and Apple. H-P slid for a second straight day. Implied volatility dropped to the 15 level on light trading volumes.
Thursday, May 19, 2011
Extended gains
Technology and energy stocks helped push the broader market higher. A more than 3% jump in oil prices boosted energy sector. The major indexes added to their advance after the afternoon release of minutes from the Federal Reserve’s April meeting, which showed the central bank’s members divided on whether to hike interest rates this year. Dell jumped +5.35% after th co. posted upbeat earnings and solid guidance. Also gains came from RIM, Intel, Texas Instruments and Apple. H-P slid for a second straight day. Implied volatility dropped to the 15 level on light trading volumes.
