Filed under: Goldman Sachs Group (GS), Southwest Airlines (LUV), QUALCOMM Inc (QCOM), Palm Inc (PALM)

Today needed a strong jobs number to keep traders interested and to keep traders and investors from taking profits. A 10% unemployment reading and a loss of 85,000 non-farm payrolls for December was not enough. The drop in the dollar earlier today (based on the FOMC being able to keep a zero-rate) may have been the only thing that kept more profit taking by stock trading from coming. Here were today’s unofficial closing bell levels:

Dow 10,617.06 +10.20 (0.10%)
S&P 500 1,144.93 +3.24 (0.28%)
Nasdaq 2,317.17 +17.12 (0.74%)

Top Analyst Upgrades/Downgrades

Continue reading Closing Bell: Jobs Giveth & Taketh Away (CYCC, QCOM, GS, LUV, PALM, GENZ)

Closing Bell: Jobs Giveth & Taketh Away (CYCC, QCOM, GS, LUV, PALM, GENZ) originally appeared on BloggingStocks on Fri, 08 Jan 2010 16:00:00 EST. Please see our terms for use of feeds.

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