Friday, December 18, 2009

CLOSING BELL

Dow
10328.89
+20.63
(+0.20%)
Nasdaq
2211.69
+31.64
(+1.43%)
SP 500
1102.47
+6.39
(+0.58%)
10-yr Note
-17/32
3.54%
NYSE
Adv 1774
Dec 1242
Vol 3.16 bln
Nasdaq
Adv 1663
Dec 1094
Vol 2.86 bln





All three indices posted gains today led by the tech and financial sectors.


Research In Motion (RIMM) 69.99, +6.53 and Oracle (ORCL) 24.34, +1.46 and both announced yesterday after the market closed earnings results that exceeded analysts' expectations for the latest quarter.


Accenture (ACN) 41.37, -0.29 and Nike (NKE) 64.42, +1.17also reported earnings the beat estimates 
yesterday after the close.


Both tech stocks and financial stocks led the market today with respective gains of 1.6% and 1.4%. The two sectors were the best two performing sectors and combine to make up nearly 35% of the total weight in the S&P 500.    


Stocks came under pressure midday today as the dollar rallied against other currancies.  The rally could not 
be sustained and the dollar closed today unchanged.


Trading volume on the NYSE hit its highest level of the year by trading over 3 billion shares, but that was largely the result of this year's last quadruple witching options expiration. The S&P 500 is also due to be rebalanced. 


Advancing Sectors: Tech (+1.6%), Financials (+1.4%), Consumer Discretionary (+0.5%), Utilities (+0.5%), Energy (+0.3%), Health Care (+0.3%), Telecom (+0.2%), Materials (+0.1%)


Declining Sectors: Consumer Staples (-0.3%), Industrials (-0.2%)

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