The market had an upward bias today as investors scoured through
the numerous earnings releases looking for names that shined and
those that didn't.
Some of today's big earnings winners included Harley Davidson (
) and Halliburton (
) . As for earnings losers, we saw IBM Corp (
) , State Street Corporation (
) and Northern Trust (
) push lower.
Outside of the earnings focus there was a fairly wide range of
names that trended higher in today's action. They included Apache
) , Illinois Tool Works (
) , Microchip Technology (
) , and Stanley Black & Decker (
) . Volume finished at 5.32 Billion shares on the NYSE and 2.05
Billion shares traded on the NASDAQ.
If you noticed, we had quite a turn around in yesterday
afternoon's trading session. Two factors well likely behind the
rather surprising lift. First, talk of a weak SEC case against
Goldman Sachs (
) got some buyers interested, but also there was talk of traders
covering short positions ahead of today's big earnings names. We do
have Apple (
) reporting after the bell today, and you can bet the name will be
a market-mover in tomorrow's session. We'd love to hear Steve Jobs
announce that Apple will start using some of the huge cash hoard to
start paying a dividend, but we are not holding our breath.
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, as well as a detailed explanation of
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