Stocks rallied for a third straight day, as investors turned optimistic, following the ECB’s latest policy measures aimed at boosting liquidity in the European banking system. Meanwhile initial jobless claims data showed that 401,000 Americans filed for unemployment claims last week, which was below economists' expectations of 402,000 but above the previous week's revised figure of 395,000 claims. Tech stocks put in a broad gains, but Apple retreated after the death of Steve Jobs. Investors will keep a close watch on Apple, as they consider what his loss will mean for the company's long-term success. Analysts maintained bullish views on Apple, saying the company is in good shape with its current management team despite the significant contributions made by Jobs over the years.Also, Yahoo fell 1.7% after AllThingsD reported that Microsoft wasn’t interested in pursuing a bid for the co. Implied volatility inched lower on light volumes.
Friday, October 7, 2011
Rallied on Europe and jobless claims data
Stocks rallied for a third straight day, as investors turned optimistic, following the ECB’s latest policy measures aimed at boosting liquidity in the European banking system. Meanwhile initial jobless claims data showed that 401,000 Americans filed for unemployment claims last week, which was below economists' expectations of 402,000 but above the previous week's revised figure of 395,000 claims. Tech stocks put in a broad gains, but Apple retreated after the death of Steve Jobs. Investors will keep a close watch on Apple, as they consider what his loss will mean for the company's long-term success. Analysts maintained bullish views on Apple, saying the company is in good shape with its current management team despite the significant contributions made by Jobs over the years.Also, Yahoo fell 1.7% after AllThingsD reported that Microsoft wasn’t interested in pursuing a bid for the co. Implied volatility inched lower on light volumes.
