Skip navigation

Trader Talk

TRADER TALK VIDEO GALLERY

» More

Current DateTime: 02:20:58 25 Nov 2009
LinksList Documentid: 30483322
Expiration DateTime: 11/25/2009 2:21:22 AM

TRADER TALK RSS FEED

» Help

Current DateTime: 02:20:58 25 Nov 2009
LinksList Documentid: 30456179
powered by digg
Financials Took It On The Chin
Published: Wednesday, 17 Jun 2009 | 4:46 PM ET
Text Size
By: Bob Pisani
Reporter

Financials had everything thrown at it: the President's Financial Regulatory Reform proposal was unveiled, all 80 pages of it, and Standard and Poors lowered their ratings and outlook on 22 banks this morning.

The good news was that many (at least 10) announced they were repaying the TARP money the government lent them, altogether nearly $70 billion is being returned to the Treasury.

Many commodity stocks were again weak after a large German fertilizer firm said demand for potash remained weak.

Energy commodities were down midday after inventory data showed a build in gasoline stocks, but oil rebounded.

Techs again outperformed, led by Qualcomm [QCOM  Loading...      ()   ] , Texas Instruments[TXN  Loading...      ()   ] , and Intel [INTC  Loading...      ()   ] .

One interesting point: volume remains somewhat subdued, despite a Quadruple Witching Expiration on Friday (quarterly expiration of single stock options and futures, and stock index options and futures). With the VIX [VIX  Loading...      ()   ] low, options activity seems very subdued.

_____________________________

_____________________________


Questions?  Comments? 

© 2009 CNBC, Inc. All Rights Reserved
Add This share icon
Text Size
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:26:08 25 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:04:04 25 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 02:05:47 25 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:01:48 25 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters