Closing Bell (3/16/2012)
March 16, 2012 by Douglas A. McIntyreThe DJIA, NASDAQ, and S&P 500 each ended higher by 2% for the week.
At the end of today, the DJIA slipped .15% to 13,233. The NASDAQ fell .04% to 3,055. The S&P 500 was higher by .11% to 1,404
General sentiment remained strong on encouraging signs of a pick up in the economy. Gas prices continued to rise, however. Oil was also up with WTI higher by $1.95 to $107.06
Bank of America (NYSE: BAC) rose 6% to $9.79 after tentatives movement on the heels of the Fed stress tests. Other bank shares traded within a narrow range with Citigroup (NYSE: C) and JP Morgan (NYSE: JPM) up or down little more than 1% throughout the day
Among smartphone companies, Research In Motion (NASDAQ: RIMM) rose 7% on rumors of a Samsung investment. Apple (NASDAQ: AAPL) was flat at $585.57 on the day of the launch of the iPad–probably because how many were sold is only a guess
Douglas A. McIntyre
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.