Stocks recovered from eraly losses after reports said Greece had reached an agreement on austerity measures with the EU and the IMF. Earlier disappointing initial claims came (429,000 vs. 413,000 expected). Also, after rising for two months in a row, new home sales fell 2.1% in May, as the housing market continues to struggle.Tech stocks mostly closed with gains. Yahoo fell 1% as the co.’s officials faced shareholders amid reports that the company could be looking to replace CEO after almost two-and-a-half years on the job. Electronic Arts gave up almost 3% following reports that it to acquire PopCap Games for more than $1 billion. After the market closes Oracle fell 6.2% as sales of hardware surprisingly declined during the quarter, despite strong earnings. Micron slid 12% after the its quarterly results fell short of expectations. Implied volatility little changed on huge volumes.
Friday, June 24, 2011
Boosted on Greek plan news
Stocks recovered from eraly losses after reports said Greece had reached an agreement on austerity measures with the EU and the IMF. Earlier disappointing initial claims came (429,000 vs. 413,000 expected). Also, after rising for two months in a row, new home sales fell 2.1% in May, as the housing market continues to struggle.Tech stocks mostly closed with gains. Yahoo fell 1% as the co.’s officials faced shareholders amid reports that the company could be looking to replace CEO after almost two-and-a-half years on the job. Electronic Arts gave up almost 3% following reports that it to acquire PopCap Games for more than $1 billion. After the market closes Oracle fell 6.2% as sales of hardware surprisingly declined during the quarter, despite strong earnings. Micron slid 12% after the its quarterly results fell short of expectations. Implied volatility little changed on huge volumes.
