Filed under: General Electric (GE), Ford Motor (F), International Business Machines (IBM), Barclays plc ADS (BCS)

When you have a trading day like today and it comes after a week like this week, it is hard to determine if you are happier that the rally came on at the end of the day or if you are happier that the closing bell came to end the week. The markets closed down today but today felt like a win when you consider the 400 point move higher off of late day lows in the last hour. There are hopes of a coordinated G7 announcement this week along with some fresh hopes that the Treasury will make new banking injections and help in the LIBOR woes. The bond traders left at 2:00 PM early for Columbus Day, and the bond market is closed Monday.

Here are the unofficial closing bell levels, and remember that the exchange takes much longer to find actual close levels right now:
DJIA 8,477.40 -101.79 -1.19%
NASDAQ 1,649.51 +4.39 +0.27%
S&P500 901.24 -8.68 -0.95%
10YR T-NOTE 3.861% +0.027%
Top Analyst Upgrades

Barclays plc (NYSE: BCS) fell on reports that the financial bank giant is considering raising capital as part of the government’s bailout package in the UK. Shares were down 9% at $14.66 in the final minutes before the close.

Continue reading Closing Bell: Spelling relief, when a loss is a win

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This entry was posted on Saturday, October 11th, 2008 at 1:00 am 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.