Friday, April 09, 2010

MIDDAY LUNCH

Dow 10976.09  +49.12, Nasdaq 2445.52  +8.71, S&P 1191.49  +5.05 

The dollar’s drop, down -0.6% against a basket of foreign currencies has helped stocks move to session highs.

Despite a lower dollar, the CRB Commodity Index has only managed to gain +0.2%. Natural gas prices are sharply higher at $4.07 per MMBtu,up +4.3% and crude oil is trading lower at 84.93 -0.46.

On the global front the possibility of Greece defaulting on their debt has kept the Dow Jones from reaching the 1,100 mark.

Some of the stocks followed that are posting nice gains today include; CVS Caremark (CVS)  37.01 +0.54, +1.48%, Walt Disney (DIS) 36.67 +1.00, +2.80%, Harley Davidson (HOG) 32.88 +1.05, +3.30%, Nike (NKE) 74.83 +0.84, +1.14%

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