Stocks in the U.S. kicked off the week with a bang Monday. The Dow added 1%, the S&P 500 climbed 1.1%, and the Nasdaq jumped 1.8%.
On CNBC's "Fast Money" TV show, the traders observed that bullish action in Merrill Lynch (MER Quote) and Apple (AAPL Quote) helped lead large-cap technology and financials higher. A relief from surging oil prices also helped drive the rally in stocks today, they said.
Guy Adami said that the large-cap technology story is real. He said Microsoft (MSFT Quote), Cisco (CSCO Quote) and Intel (INTC Quote) behaved appropriately in today's market.
Jeff Macke said that investors should respect today's price action. He pointed out that there were many reasons to sell stocks today, but buyers came out and brought the market higher. He said the shorts who hate this market are on the wrong side of the trade. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
77.05
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UP
30.69
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UP
4.98
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UP
6.87
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DOWN
0.38
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10 Yr
3.28%
SPDR Gold
116.62
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+0.29%
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+0.45%
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+0.32%
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-1.15%
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