Stocks fell after Bernanke said that the central bank may not be as willing to move on further stimulus as previously thought. JPMorgan was the best performer, rising roughly 2%, after reporting quarterly income and revenue that topped estimates. Also, jobless claims fell 22,000 to 405,000 in the latest week, better than 410,000 expected. June PPI fell 0.4%, after rising 0.2% in May, better than 0.2% fall expected. June retail sales rose 0.1%, while were expected to have fallen 0.2%. Tech stocks retreated, led by decline in Netflix and Nvidia. Google jumped 11% in aftermarket trading following the company's much better-than-expected quarterly earning. Implied volatility inched lower on heavy volumes.
Friday, July 15, 2011
Dropped after comments from the Fed
Stocks fell after Bernanke said that the central bank may not be as willing to move on further stimulus as previously thought. JPMorgan was the best performer, rising roughly 2%, after reporting quarterly income and revenue that topped estimates. Also, jobless claims fell 22,000 to 405,000 in the latest week, better than 410,000 expected. June PPI fell 0.4%, after rising 0.2% in May, better than 0.2% fall expected. June retail sales rose 0.1%, while were expected to have fallen 0.2%. Tech stocks retreated, led by decline in Netflix and Nvidia. Google jumped 11% in aftermarket trading following the company's much better-than-expected quarterly earning. Implied volatility inched lower on heavy volumes.
