Filed under: General Motors (GM), Morgan Stanley (MS)
Today had all the earmarks for a weird trading day as banks, bonds, Canadians, and Japanese weren’t a part of the market due to holidays. But stocks were open, and for once it’s a great thing they were open. The DJIA put on a massive rally after overseas markets reacted favorably to US and globally coordinated bailouts.
Below are the unofficial closing bells prices:
DJIA 9,390.08 +938.89 +11.11%
S&P500 1,003.70 +104.48 +11.62%
NASDAQ 1,844.25 +194.74 +11.81%
10YR T-Note 3.8610% (Closed Today)
52-Week Lows
Top Analyst Upgrades
General Motors Corp. (NYSE: GM) was up on talks that it is actually considering a mega-merger with Chrysler in a deal where Cerberus would keep some stake in the combined auto company and perhaps take over the rest of GMAC as part of the deal. Shares rose 33% to $6.52 on the day.
Continue reading Closing Bell: Hail to the bull! Market moves up!
Permalink | Email this | Comments
Entries (RSS)