Daily Wrap
DJIA -26.81 (-0.18%) to 15,091.68; S&P 500 +0.07 (+0.00%) to 1,633.77; NASDAQ +1.07 (+0.04%) to 2,982.09 Today was more active than the change on the day and even the Daily chart might show as early trading started with a small gap down and then a strong move lower until 10am EST when the S&P 500 finally bottomed and then rallied roughly 10 points to noon est where it spend the remainder of the day consolidating closing a few points off the day’s highs. In company news Monsanto (MON) received a positive Supreme Court ruling that essentially stated that Farmers cannot use MON’s seeds to create new…
Daily Wrap
DJIA +111.90 (+0.77%) to 14,559.65; S&P 500 +12.08 (+0.78%) to 1,563.77; NASDAQ +17.18 (+0.53%) to 3,252.48 Today started with a gap higher that consolidated and then continued until the end of the day. We also saw a fair amount of economic data and the results were mixed with better home prices and durable goods but worse consumer confidence and new home sales. Despite the amount of data, today’s move seemed more about a bias of the market to go higher than it was anything that was announced. Goldman Sachs (GS) announced that it amended its warrant agreement with Berkshire Hathaway (BRK.A) which allows…