Friday, July 18, 2008

July Options Expire Today, Markets Mixed

Just before 1 pm ET the DJIA is -10, SPX -5, Nasdaq -37, RUT -6, SOX -5. The market has been down, up and down so far, a fairly typical wandering for options expiration Friday. GOOG is down just over 50 points, BIDU is -$9, AAPL is -$5 and RIMM is down just 20 cents. IBM is up almost $3 and C is up $1.64 and SLB is up $.32 or 4.53%. Oil is up 51 cents. Financial stocks are up slightly, XLF is up 32 cents, FNM is up another 2.29 or 20% with FRE is up 75 cents or 9% Friday's Mid Day Action Moving Up: SCHN, IBM, CLF, UAUA Moving Down: BIDU, DECK, PCLN, AAPL, MON, MTL, MA, AMZN, MOS, CF, CNX, BTU, ANR, V, DRYS, GRMN, POT, MEE, FWLT, ESRX, BRCM, NKE, EXPE, CELG, MER

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