Stocks rose, with the S&P 500 ending near a 10-month high, after better-than-expected economic reports, offsetting Hewlett-Packard’s disappointing outlook. The Federal Housing Finance Agency reporting U.S. home prices climbed 0.7% in December 2011. Weekly jobless claims came in unchanged from the week prior and slightly better than analysts' forecasts. Tech stocks ended higher, with Apple and MetroPCS Communications among the advancers. Apple rose 0.65% after the co. held its first annual shareholders’ meeting since the death of Steve Jobs last October. MetroPCS jumped 13.8% on upbeat earnings. Gains also came from Microsoft, Dell, IBM and Oracle. H-P extended pre-open losses, falling 6.5% on reaction to fiscal first-quarter results. Implied volatility inched lower on massive trading volumes.
Friday, February 24, 2012
Recovered on strong economic data
Stocks rose, with the S&P 500 ending near a 10-month high, after better-than-expected economic reports, offsetting Hewlett-Packard’s disappointing outlook. The Federal Housing Finance Agency reporting U.S. home prices climbed 0.7% in December 2011. Weekly jobless claims came in unchanged from the week prior and slightly better than analysts' forecasts. Tech stocks ended higher, with Apple and MetroPCS Communications among the advancers. Apple rose 0.65% after the co. held its first annual shareholders’ meeting since the death of Steve Jobs last October. MetroPCS jumped 13.8% on upbeat earnings. Gains also came from Microsoft, Dell, IBM and Oracle. H-P extended pre-open losses, falling 6.5% on reaction to fiscal first-quarter results. Implied volatility inched lower on massive trading volumes.
