The markets are down once again, falling for the third day in a row. The SPDR S&P 500 ETF (NYSEARCA:SPY) is trading at $139.28, -1.15 (-0.82%). This recent rally has been a monster, blasting the SPY from $120.00 in December to the recent 52 week high of $141.83. The move has seen little to no down days and has even pushed the retail investor into full on bullish mode.
The markets are seeing some selling on worries stemming from China and Europe. China lowered its growth rate to 7.5%. This is bearish for the entire globe as most advanced economies rely on China. In addition, European issues have started to bubble up again. Things with Greece are getting messy and Spain has said they will not meet the spending cuts required by the bailout of 2011.
International Business Machines with a Slight Rise - NYSE:IBM
International Business Machines Corp. (NYSE:IBM) is an information technology (IT) company. International Business Machines Corp achieved its new price of $199.23 where it was opened at $193.87 up 3.74 points or +1.93% by closing at $197.61. IBM transacted shares during the day were over 8.03 million shares however it has an average volume of 4.70 million shares.
The markets are floating higher as International Business Machines Corp. (NYSE:IBM) leads the charge. The stock is hitting new all time highs at $198.86, +4.99 (+2.57%). This is accounting for about 20 points in the Dow Jones Industrial Average on the day. It is the biggest component and is making up a majority of the Dow move today.
International Business Machines Stock in movement - NYSE:IBM
International Business Machines Corp. (NYSE:IBM) is an information technology (IT) company. International Business Machines Corp achieved its new price of $194.74 where it was opened at $193.03 up 0.48 points or +0.25% by closing at $193.87. IBM transacted shares during the day were over 3.27 million shares however it has an average volume of 4.76 million shares.
(Z, IBM, CSV, ROK) Stock under Consideration by PennyOmega.com
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Quest Diagnostics Incorporated (NYSE: DGX) provides diagnostic testing, information, and services in the United States and internationally. Quest Diagnostics offers patients and physicians the access to diagnostic testing services through its network of laboratories and patient service centers; and interpretive consultation services.