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Markets Rally in Last Hour, Still Close Red
Posted by Blain Reinkensmeyer
November 8, 2007 at 5:29 pm
Earlier today the market as a whole was bleeding substantially lead by the Technology sector. The NASDAQ was down over 3% during the day but in the last hour all major indices rallied to take back some of the losses.
The DOW finished down .25% to 13,266.29, the S&P 500 finished down only .06% to 1,474.77, and the NASDAQ concluded the day down 1.92% to 2,696.
Losers
- Sothebys (BID, -28.42%
- Hansen Natural (HANS), -23.24%
- Bankrate (RATE), -14.80%
- Baidu.com (BIDU), -9.40%
- Sina Corporations (SINA), -8.61%
- EMC Corp (EMC), -7.06%
- Research in Motion (RIMM), -6.43%
- Apple (AAPL), -5.82%
- Google (GOOG), -5.33%
Winners
On the positive side though First Solar (FSLR), a leader in this market posted stellar earnings and after hours yesterday surged to new highs. The stock today closed up over 57 points to $224.43, up 34.29% on the day.
Also today Vonage (VG) closed up 13.70% with its high on the day today being $2.70. The VOIP provider settled its lawsuit with AT&T today for $39 million.
Lastly, the the Proshares Ultrashort QQQQ (QID) closed up 6.89% today. The QID is an exchange traded fund / ETF that trades at the double the inverse of the NASDAQ 100.
[...] Solar (FSLR) reported stellar earnings after the bell yesterday and surged in after hours trading. The stock today closed up 34.29% to [...]
yeah today was a crazy day.. hope to see come green soon
I took a pretty big hit today. I’m going to be on the sidelines until things look more promising. There are too many red flags in the market right now I believe.
Holy post schedule batman. How many posts do you plan on writing a day Blain?
No idea man, right now just going with the flow. LOVE writing and a day like today offers a ton of content possibilities
!