Closing Bell: The directionless big day (STEM, COP, BAC, SEED, CIEN)

Today's economic data failed to rally the markets as it appears that some buying exhaustion is once again entering the fray. The good news is that the Fed's Beige Book turned almost positive. We also saw oil prices weak after a large build up in crude inventories.

Unfortunately, stocks tend to follow oil and act inversely against the US Dollar now. Still, today was one of those days that traders were unsure where the markets were going to close until right at the end of the day after the last big imbalance orders were seen.

Here were today's unofficial closing bell levels:

Dow 10,444.14 -27.44 (-0.26%)
S&P 500 1,109.23 +0.37 (0.03%)
Nasdaq 2,185.03 +9.22 (0.42%)

Top Day Trader Stocks
Top 10 Analyst Calls

Continue reading Closing Bell: The directionless big day (STEM, COP, BAC, SEED, CIEN)

Closing Bell: The directionless big day (STEM, COP, BAC, SEED, CIEN) originally appeared on BloggingStocks on Wed, 02 Dec 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments