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Market recap: Stocks sank in late trading, as weak financial stocks more than offset a rise in...

Market recap: Stocks sank in late trading, as weak financial stocks more than offset a rise in oil prices and energy stocks. Increasing speculation that the Fed will begin quantitative easing pressured banks and sent the dollar lower, which in turn boosted prices of gold - which closed at a record $1,310/ounce - and commodities. On the NYSE, advancers led decliners seven to six.
Comments (5)
  • Wall St. Cheat Sheet
    , contributor
    Comments (88) | Send Message
     
    And video games tanked. LOL.
    29 Sep 2010, 04:15 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    Good catch! Nintendo really got roughed up today, down 9%.

     

    Smartphones may actually replace hand-held gaming devices.

     

    The next console upgrade cycle is god knows how many years away.
    29 Sep 2010, 04:19 PM Reply Like
  • Tom Au, CFA
    , contributor
    Comments (6775) | Send Message
     
    Financial stocks (and institutions) are still the market's Achilles heel.
    29 Sep 2010, 04:22 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    recap: market stayed flat ahead of POMO tomorrow where massive ramping will take place, the dollar will debase more, retail investors will flee further, HFT will rule the post ramp and all media will cheer "recovery"
    29 Sep 2010, 04:46 PM Reply Like
  • Steve Reitmeister
    , contributor
    Comments (516) | Send Message
     
    Today the market pressed pause awaiting meatier data to chew on. On Thursday we get served with final Q2 GDP, Jobless Claims and a Bernanke speech. Follow that up on Friday with another triple header which includes Personal Income & Outlays, Consumer Sentiment, and ISM Manufacturing. Things will get more interesting when investors react to this info.
    29 Sep 2010, 05:15 PM Reply Like
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