Closing Bell: Record oil gain adds salt to bailout wounds; MS, MSFT higher; AAPL lower
Posted by: in Latest NewsFiled under: After the bell, Deals, Microsoft (MSFT), Apple Inc (AAPL), Market matters, Morgan Stanley (MS)
Covering the market close has led to two outcomes: being a financial stock specialist or being a Bedlam patient off the anti-psychotics. Monday was nothing short of another disappointment. Today’s markets were headed south after the $700 billion bailout plan received more add-ons (and criticism), but the tone of massively higher costs combined with a sudden $20.00 a barrel gain in oil led the markets further and further south. Interestingly enough, alternative energy stocks failed to follow oil higher at all. As the bailout received criticism, financial stocks tanked.
These are today’s unofficial closing bell levels:
DJIA 11,016.09 -372.35 -3.27%
NASDAQ 2,179.94 -93.96 -4.13%
S&P500 1,207.75 -47.33 -3.77%
10YR T-Bond 3.824% (+0.055%)
52-week lows
Top Analyst Upgrades & Downgrades
Apple Inc. (NASDAQ: AAPL) was a loser this day after Morgan Stanley cut its estimates for the high-flying tech stock. Shares were down almost 6% at $132.66 in today’s final minutes.
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