Stocks closed higher as investors cheered The European Central Bank, the U.S. Federal Reserve and three other major central banks agreement to step in to boost dollar liquidity for banks in Europe. Also, initial claims for jobless benefits came in higher than expected and economic activity data worsened, showing weaker-than-expected figures and CPI rose at an annual rate of 3.8% in August, the highest annual increase since 2008. Yahoo led strong gains for the tech sector after a buyout report. Also, top gainers included eBay, Google, Oracle, Dell, Cisco and NetApp. In the evening trade Research In Motion tumbled after disappointing earnings, while Texas Instruments gained after the company announced a dividend hike. Implied volatility inched lower on huge trading volumes.
Friday, September 16, 2011
Surged on European aid plan
Stocks closed higher as investors cheered The European Central Bank, the U.S. Federal Reserve and three other major central banks agreement to step in to boost dollar liquidity for banks in Europe. Also, initial claims for jobless benefits came in higher than expected and economic activity data worsened, showing weaker-than-expected figures and CPI rose at an annual rate of 3.8% in August, the highest annual increase since 2008. Yahoo led strong gains for the tech sector after a buyout report. Also, top gainers included eBay, Google, Oracle, Dell, Cisco and NetApp. In the evening trade Research In Motion tumbled after disappointing earnings, while Texas Instruments gained after the company announced a dividend hike. Implied volatility inched lower on huge trading volumes.
