| DOW | 9180.69 | | 189.73 | +2.11% | | NASDAQ | 1698.52 | | 41.31 | +2.49% | S&P | 954.09 | | 24.00 | +2.58% | | | | | | Bob Pisani, CNBC "On-Air Stocks" Editor The Dow has traded in a "tight" 290-point range today. Sound familiar? Well, that's what happened yesterday, too… until the last hour of trading when the markets' volatility reappeared, especially in the last few minutes of the trading day.
Just before midday, the markets hit the lows of the day, but since then, they have gradually climbed back up and are now re-approaching the morning's highs. The advance has been fairly broad-based as advancers are leading decliners 4 to 1 at the NYSE. Utilities, energy, and tech stocks have regained the momentum that they lost this morning and are leading the markets' move up this afternoon.
What have been volatile today are the commodities and commodity stocks. Commodities, which started the day modestly higher, turned south as the dollar strengthened throughout the morning. At their settlement today, metals we were weak as copper finished down 9%, aluminum ended down 4%, and gold finished down 2%...read more
| | | Three Reasons Why Stocks Have Become So Volatile Bear markets are noted for their volatility—but more than 300 points in six minutes? It's not as crazy as it sounds. Some analysts see several important factors contributing to the type of moves that the market witnessed at the close of trading on Wednesday, when the Dow Jones Industrials plummeted from a 250-point gain to a 72-point loss before most people had even realized what happened...read more | | | | Risk Appetite Coming Back Asian share markets rallied and the euro surged on Thursday on initial signs that investors are rediscovering an appetite for risk in response to global efforts to prevent the financial crisis from leading to a deep recession. Hours after the Federal Reserve met market expectations by slashing its main policy rate to 1 percent, Taiwan and Hong Kong took up the rate-cutting baton and speculation persisted that Japan would follow suit on Friday...read more | | | | Dow Jumps Nearly 200 in Another Photo Finish U.S. stocks had another wild swing in the final 15 minutes of trading that pumped up the Dow from a gain of about 50 points to nearly 200 points as traders shrugged off this morning's GDP report that showed the economy is shrinking....read more | | | | 2. Ackman Plays Insight on his plan for Target and other investments, with William Ackman, Pershing Square Capital Management managing partner and Larry Lindsey, The Lindsey Group CEO | | | | 3.Black and Blue Gold Tumbling oil prices take its toll on BP Capital, with Boone Pickens, BP Capital CEO and Larry Lindsey, The Lindsey Group CEO | | | | 4.Slim On the Sidelines Talking with one of the two richest men in the world, with billionaire Carlos Slim and CNBC's Michelle Caruso-Cabrera. | | | | CNBC.com BLOG OF THE DAY | | | | (c) 2008 CNBC, Inc. All Rights Reserved | | |
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