Monday, October 24, 2011

Stocks close with gains across the board...

Another strong day for stocks, as it appears as though traders are not fearing the Euro contagion anymore.

Dow +104
Nas +61
S&P +15 to 1254

All groups move higher except a little weakness in Utilities.

Gold and Silver were up as well, as that trade seems to make no sense.  Someone is buying gold and silver no matter what happens with anything else.  It used to be a fear trade, now it goes up even on strong days.

Big Gainers:

Apple +12.90 to 405.77
Caterpillar +4.38 to 91.77
Wynn Resorts +7.25 to 127.65
CF Industries +5.74 to 159.14
Perrigo +3.85 to 101.01

After the close: Netflix misses on earnings (no secret) the stock is down 18 to 101 - more tomorrow.

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