Monday, September 20, 2010

MIDDAY LUNCH

Dow 10707.90  +100.05,  Nasdaq 2339.08  +23.47,  S&P 1136.66  +11.07 

Strong broad based gains remain in the market, but stocks are trading off their session highs.

Today’s, gains could be considered a surprise since it comes ahead of the FOMC rate decision, which is due to be release tomorrow.  Most economists expect interest rates to remain the same, with the most important piece of information being the Feds policy statement.

All ten sectors are in positive territory today with Energy +1.48% and Services +1.32% leading the market.

Shares of Dolby Labs (DLB) 58.54 +2.62, +4.72% are higher today after Avondale raised their rating to Market Outperform.

No comments: