Friday, February 25, 2011

AIG (AIG), First Solar (FSLR), JC Penney (JCP) All Plunge

While the overall market looks better Friday than it has in several days, shares of AIG (AIG), First Solar (FSLR) and JC Penney (JCP) have all dropped over 5 percent on the day.

Stocks climbed Friday, breaking three consecutive sessions of losses, led by the tech and financial sectors and as oil prices stabilized at lower levels.

The major indices are poised to end the week with their worst weekly percentage decline since August. However, they continue to be in positive territory for the month and year.

The Dow Jones Industrial Average was up almost 60 points, after ending slightly lower in the previous session.

Intel (INTC) and Boeing (BA) led Dow components higher, while Wal-Mart (WMT) and Pfizer (PFE) fell.

The S&P 500 and the Nasdaq also advanced. The CBOE Volatility Index, widely considered the best gauge of fear in the market, sank almost 10 percent to trade below 20.

All key S&P 500 sectors were higher, led by financials, technology and materials.





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