OPTIONSMART MORNING UPDATE: Spiked to 1-year highs
September 17th, 2009 at 8:51 am|
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OPTIONSMART MORNING UPDATE: Spiked to 1-year highs |
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1. OUTLOOK: A rise in industrial production and an uptick in commodity prices fueled the advance. After the close, Oracle reported weaker quarterly revenue that missed forecasts and lost 3%. The software giant quarterly earnings were in line with forecasts. Adobe fell around 6% after the company said late Tuesday it was buying e-commerce firm Omniture. The market sentiment remains bullish. It's hard for investors to sit on the sidelines. On the Nasdaq, advancers topped decliners by two to one.
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