Filed under: Cisco Systems (CSCO), eBay (EBAY), Research in Motion (RIMM), Garmin Ltd (GRMN)

While the markets were up at the end of the trading day, there would be no other way to describe the day besides boring. The good news is that boring days are needed after periods of major volatility.

Today’s news could have easily been dominated by a rise in weekly jobless claims hitting a high not seen since September 2005, with a reading of 407,000. The market was only looking for 365,000 to 375,000. But taking the center stage were Ben Bernanke, Jamie Dimon, and Alan Schwartz all defending the bailout and buyout Bear Stearns Companies (NYSE: BSC) in front of Congressional hearings for a second day. Below are the unofficial closing prices for today’s US exchange levels

• DJIA 12,626.03 (+20.20; +0.16%)
• S&P500 1,369.30 (+1.77; +0.13%)
• NASDAQ 2,363.30 (+1.90; +0.08%)
• 10YR-TBond 3.591% (+0.008)
• 52-week lows

Continue reading Closing Bell: Stocks survive Bernanke testimony & weak jobs

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This entry was posted on Thursday, April 3rd, 2008 at 9:16 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.