Day Traders Diary
11/24/10U.S. stocks opened higher on Wednesday after economic reports cast a more optimistic light on the jobs front and consumer spending. The Dow Jones Industrial Average rose 94 points to 11,131. The S&P 500 Index climbed 10 points to 1,191. The Nasdaq Composite added 30 points to 2,525. Finally an up day following a miserable days. Very little news the day before Thanksgiving. Guess is jumping 7% following earnings last night. Tiffanys is jumping 4% after beating estimates. Deere is modestly higher following earnings. The commodities are bouncing back. Noble Corp is higher on an upgrade. Jacobs Engineering is higher on an upgrade. The techs are bouncing back. IBM, Research in Motion, Apple, and Google look good. Oracle is higher after winning a lawsuit against SAP. SAP is modestly lower. I wonder if they'll pay. After the first half an hour the Dow rose 100 points with the Nasdaq up 33 points. Most stocks are in the green. The financials are higher, but not by much. Through the morning the averages improved rising 130 points. Through the afternoon the averages remained strong closing near the highs of the day. The Dow Jones Industrial Average finished up 150 points to end at 11,187, led by gains in Boeing up 2.9%. The S&P 500 index gained 17 points, or 1.5%, to 1,198, led by a 2% gain in industrials and consumer discretionary shares. The Nasdaq Composite rose 48 points, or 1.9%, to end at 2,543.
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