Tuesday, August 31, 2010

MIDDAY LUNCH

Dow 10059.71  +49.98, Nasdaq 2123.81  +3.84, S&P 1053.49  +4.57 

Financial are trading +1.1% higher today, led by bank stocks.  The KBW Bank index is up +1.4%.

Shares of Monsanto (MON) 52.06  -3.84, -6.89% are lower after the street was disappointed with the company’s guidance.

Saks (SKS) 8.08 +1.48, +22.42% are higher after a report that a private equity firm may offer to buy the company for $11.00 per share.

Good news for the housing market, today the Standard & Poor's/Case-Shiller 20-city home price index was released showing that home prices increased +1% in June from May and increase +4.2% from a year ago.

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