CLOSING BELL

Dow 10359.31  -7.41, Nasdaq 2249.08  -0.76, S&P 1096.48  +1.31 

The market started off in the red today after some disappointing economic data but managed to fight their way back to the neural line after some good corporate news.

The economic data today was mixed the jobless claims came in better than expected but continuing claims jumped unexpectedly.

The PPI came in better than expected falling -0.5% showing inflation is still not a concern.

While the Empire Manufacturing Index and Philly Fed Index disappointed.

BP (BP) 38.92 +2.74, +7.57% shares spiked after the company announced that their latest attempt to stop the gulf oil leak was working and not oil was spilling into the gulf. The news caused the energy sector stocks to rally.

Goldman Sachs (GS) 145.22 +6.16, +4.43%  announced that they agreed to pay $550 million, the largest fine ever for a bank to settle claims it misled investors in collateralized debt obligations linked to subprime mortgages.  Some had expected the fine to be closer to $1 billion.

Google (GOOG) reported EPS of $6.45 missing estimates by -$0.07 on revenues of $5.1 billion which beat estimates.

Advancing Sectors: Utilities +0.6%, Health Care +0.4%, Consumer Discretionary +0.3%, Consumer Staples +0.2%, Tech +0.1%, Telecom +0.1%
Declining Sectors: Financials -0.1%, Materials -0.1%, Industrials -0.1%
Unchanged: Energy