Wall Street Grand provides one of the premier in-depth newsletters featuring hot penny stock pics, penny stock analysis, and other useful information.

1. Explosive penny stock list for those looking for huge
gains! Join our FREE newsletter and find out why
our members are consistently receiving penny stock
picks that make BIG profits!
"Wall Street Grand Releases a Brand New Must See
Documentary 'The Dollar Bubble'"
The most informative & comprehensive documentary
ever produced on the federal reserves destructive
monetary policies...
100% FREE - Enter Your E-Mail Submit Recent WSG Performance: GUL
Wall Street Grand Market Blog Get Quote
Breaking Stock Market News and Coverage of the Global Economy
Sign-Up Today Stock Profiles Market BLOG
« Bush’s Tax Cuts Are Likely To Be Extended
Wells Fargo 1st Bank To Kill Subprime Lending »
DJIA Reclaims 10k While S&P Reclaims 1040
Steady buying gave the S&P a gain of more than 3%, its best single-
session percentage advance in more than a month, and put the DJIA back above 10,000. The climb came without any clear catalyst.
A positive mood permeated trade for the entire session, even though there weren’t any major company announcements or economic releases to drive buyers to action.
The lack of headlines initially kept a cap on trading volume, but the stock market’s upward momentum only made momentary pauses during its ascent, such that stocks
finished at session highs.
The advancement made for the stock market’s second straight gain — stocks haven’t booked back-to-back gains in over two weeks. More than 95% of the names in the
S&P finished the latest round of trade in higher ground. Of the stock market’s major sectors, financials made the most impressive move with a 4.4% surge.
Airline stocks ascended to a 5.7 gain, as measured by the Amex Airline Index. US Airways (LCC ) was a top performer. The company’s only announcement was that its
load factor for June hit 86.9%, which is in step with the 86.8% June load factor that was reported by AMR Corp (AMR)
The Volatility Index (VIX) fell for its fourth straight session. A 9% drop today has it down approximately 22% over the past four sessions.
Trading volume was underwhelming in the early going, but it picked up as the session wore on. In the end, volume on the NYSE totaled just about 1.34 billion shares,
which is between its 50-day moving average of 1.51 billion and its 200-day moving average of 1.24 billion.
We have reached a low for the market for the year at 1011. Where do you think we’re heading now? Here’s a chart.
Tags: 10000, DJIA, S&P 1040, S&P bottom
This entry was posted on Wednesday, July 7th, 2010 at 6:49 pm and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently
closed.
Comments are closed.
Home I Member Sign-Up I Featured Stock Profiles I Investor Multimedia I Stock Alert Archive I Wall Street News I Investment Services I Contact
Copyright 2009- 2010 Wall Street Grand LLC. All Rights Reserved. Privacy Policy I Disclosure I Links I Online Brokers I Site Map