Research In Motion Skyrockets on a Boring Day
It was another quiet day today as the S&P 500 (INDEXSP:.INX) traded in a tight 4.5 point range with no major swings throughout the day until market close. Economic data in the morning showed the import price index falling 1.5% annually inline with economist expectations and inline with the prior month. More troubling was the trade balance data which showed the US's trade balance widening to -$48.7 billion from last month's -$42.2 billion much wider than the -$41.3 billion consensus. Overseas in Japan the stimulus efforts continued. New Prime Minister Shinzo Abe announced a new $116 billion fiscal stimulus ...
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