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Tuesday, January 17, 2012

Market news - Jan 17


Things you need to know about the trading day today:
  1. Citi misses earnings, Wells fargo beats.
  2. Carnival drops 15% in pre-markets, Jim Cramer says 2 quarters from now, no one will remember the Italian incident, so is this worth bottom fishing?
  3. Telsa recovered all its losses on Friday and then some! Up to $26 a share.
  4. Empire State Mfg Survey rose to 13.48, the highest level since April.
  5. China's GDP for the 4th quarter was at 8.9%, Shanghai markets up 4%. This is because the markets expects stimulas as a result of slowing GDP.
  6. Spanish debt yeilds dropped during an auction last night. 
  7. S & P crossed 1300 today.


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