Red Roadmaster Stock Talk
July 15th, 2009 (Live Trading News)Â Tuesday the buyers came in early and stayed all session long as US indexes all posted 3% + gains on the day.
 Re-cap of the US Stock Market Action for July 15, 2009 and Stock Talk.
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US Stocks charged North on Wednesday sending the major indexes up 3% +
The DJIA posted its biggest one day gainer since March 23, 2009 closing + 257 pts and + 5.8% in three days.
Yesterday’s economic data reassured investors when the US Federal Reserve announced that industrial companies cut production less in June than they had in prior months, with output at the nation’s factories, mines and utilities slipping just 0.4% last month after sliding 1.2% in May.
The DJIA climbed 256.72 pts, or 3.1% to close at 8,616.21, it is now down only 163 pts off of the June 12 recent high, the S&P 500 rose 26.84, or 3% to close at 932.68, and the technology heavy NAS gained 63.17, or 3.5%, ended the day at 1,862.90. The leading NAS has advanced for six straight days gaining 6.7% on the run. The Russell 2000 tallied up + 18.22, or 3.7%, to close the session at 514.74.
The 10-year T-note lost more than 1 pt, pushing its yield up to 3.62% from 3.47% late Tuesday.
The US$ fell, and prices for Gold and other commodities rose. Light, sweet Crude rose US$2.02 to settle at US$61.54bbl on the New York Merc.
Breadth and Volume: Nine stocks rose for every one that fell on the NYSE on good volume of 5.5B/shrs vs. 4.2B/shrs on Tuesday.
Stocks also posted good gains overseas: Britain’s FTSE 100 jumped 2.6%, Germany’s DAX index rose 3.1%, France’s CAC-40 gained 2.9%, and Hong Kong’s Hang Seng index gained 2.1%.
Stocks to Watch Today.
Applied Materials Inc. (AMAT), Ford Motor Company (F), Las Vegas Sands Corp. (LVS), Oracle Corp. (ORCL), Qualcomm (QCOM), and Texas Instruments (TXN).
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