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
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