Red Roadmaster Stock Talk

Stocks to watch today Apple, Inc (APPL), Ford Motor Company (F), Intel Corporation (INTC), and Koss Corp (KOSS)

The DJIA added 91.75 pts, or 0.89% to close at 10,374.16, the S&P 500 rose 10.64 pts, or 0.97%, to close at 1,105.24, the NAS tallied up a + 22.46 pts, or 1.01%, to end the session at 2,235.90.

US Federal Reserve Chairman Ben Bernanke told Congress that interest rates will remain low; the catalyst that drove US stocks higher Wednesday. Despite Wednesday’s gains, the major indexes are still negative for the week after Tuesday’s decline, the largest in nearly 3 weeks.
The US SEC adopted a New Rule that restricts short selling in stocks that have fallen more than 10% on any given day, reining in players who bet on a stock’s decline/demise.
Crude Oil was strong on the day. It finished 1.3% higher at US$79.93 bbl, despite a larger than expected build-up in weekly Crude Oil inventories. US Treasuries had a lame session as a US$42B auction of 5-year T-Notes drew a yield of 2.395% and attracted a bid-to-cover ratio of 2.75 and an indirect bidder participation of 40.3%.
Advancing Sector(s): Financials (+1.7%), Consumer Discretionary (+1.3%), Tech (+1.1%), Industrials (+0.9%), Energy (+0.8%), Health Care (+0.8%), Consumer Staples (+0.7%), Telecom (+0.4%), Utilities (+0.1%)
Declining Sector(s): Materials (-0.1%)
Volume and Breadth: About 7.63B/shrs traded on the NYSE, the American Stock Exchange and NAS, again below last year’s estimated daily average of 9.65B/shrs. Advancers outnumbered decliners on the NYSE by 11 to 4, and on the NAS, more than 5 stocks rose for each 3 that fell.
Stocks to Watch Today
Apple, Inc (APPL), Ford Motor Company (F), Intel Corporation (INTC), and Koss Corp (KOSS)

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