Filed under: After the bell, Earnings reports, General Motors (GM), Toyota Motor Corp. (TM), Market matters, Palm Inc (PALM), Oil
Today’s weakness could be blamed on overseas weakness, or it could be blamed on the auto industry — GM and Toyota especially. But the general feeling after watching equities on the first day of a Christmas-shortened week was that sellers were merely taking out extra cash so they could buy better presents. The roll-over in oil from last week’s sub-$35 took us north of $42.00 for February NYMEX crude, but that quickly came back under $40 again.
Below are today’s unofficial closing bell levels:
DJIA: 8,519.69 -59.42 -0.69%
NASDAQ: 1,532.35 -31.97 -2.04%
S&P 500: 871.63 -16.25 -1.83%
Top Analyst Upgrades
Top Analyst Downgrades
Dollar Tree Inc. (NASDAQ: DLTR) was cut to Sell by Goldman Sachs, but even worse, it was added to the CONVICTION SELL LIST. After shares ran so high this year, they were down over 4% at $41.80 right before the close.
Continue reading Closing Bell: Stocks end lower; DLTR, GM, TM, PALM
Closing Bell: Stocks end lower; DLTR, GM, TM, PALM originally appeared on BloggingStocks on Mon, 22 Dec 2008 16:14:00 EST. Please see our terms for use of feeds.
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