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Market recap: Stocks bounced back after a five-day slide, bolstered by Alcoa's strong start to...

Market recap: Stocks bounced back after a five-day slide, bolstered by Alcoa's strong start to earnings season and a drop in Spanish and Italian borrowing rates. Financials, hit hard yesterday, led as all sectors finished higher; home builders rallied. Crude oil futures rose 1.7% to $102.70; yields on 10-year Treasurys jumped to 2.03%. NYSE gainers led losers nearly four to one.
Comments (3)
  • mogando
    , contributor
    Comments (313) | Send Message
     
    The way I'm seeing it :

     

    DJIA fell really far the 50 SMA, and today's slight increase was mostly attributed to Alcoa.

     

    S&P 500 fell through the 50 SMA on Tuesday and failed to reclaim it today even though it's a "risk-on" day across the board.

     

    Nasdaq bounced off the 50 sma .... for now.
    11 Apr 2012, 04:25 PM Reply Like
  • X-terminator
    , contributor
    Comments (89) | Send Message
     
    Its funny. Was always told that stock prices look out six months. Now its day to day! But how do you get around the world wide debt! Are we playing until it all comes down?
    11 Apr 2012, 08:44 PM Reply Like
  • srspa77
    , contributor
    Comments (326) | Send Message
     
    Honestly. Just buy Apple stock. Everyone and their grandma is getting an Iphone. This stock should be $1000+ I think it gets there by 2014.
    12 Apr 2012, 04:22 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
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