ByWILL SWARTS
Market Wrap-Up
Bullish investors bought stocks Wednesday, putting the S&P 500 back over the 700 level and reversing five straight down trading sessions. The rally was sparked overnight by revelations China may soon announce another stimulus plan to kickstart the world s third-largest economy. Traders also got fresh details on a new White House mortgage rescue plan. For a complete rundown on Wednesday s trading session see our market story.
Winners
Oil prices rallied as well, closing at $45.17 a barrel. The United States Oil fund (USO)
Losers
Ongoing worries about the unstable financial sector left the Regional Bank HOLDRS (RKH)
Thursday s Notebook
Earnings and Conference Calls
21st Century Holding, Alliance HealthCare Services, AmBev, Analogic, B&G Foods, Depomed, DexCom, Home Inns & Hotels Management, Intrepid Potash, McCormick & Schmick s Seafood Restaurants, Pinnacle Airlines, Threshold Pharmaceuticals, Urban Outfitters, Wind River Systems, Yankee Candle
Economic Data
8:30 a.m. Initial Jobless Claims
8:30 a.m. 4Q Productivity, revised
8:30 a.m. 4Q Unit Labor Cost, revised
10:00 a.m. Jan. Factory Orders
10:00 a.m. DJ-BTMU Business Barometer
10:30 a.m. EIA Natural Gas Inventories
A look at how the industry's most popular ETFs did on Wednesday:
| Symbol | Net Assets | Price | 52 Week High | 52 Week Low | Volume |
|---|---|---|---|---|---|
| SPY | 83,820 | 71.73 | 142.85 | 70.05 | 453,936,562 |
| EFA | 27,157 | 34.01 | 78.53 | 32.81 | 52,315,108 |
| EEM | 17,990 | 21.64 | 51.72 | 19.12 | 102,821,421 |
| GLD | NA | 88.99 | 99.81 | 70.14 | 19,203,629 |
| IVV | 14,596 | 71.95 | 143.08 | 70.18 | 6,949,876 |
| QQQQ | 11,572 | 27.33 | 50.58 | 25.51 | 164,466,053 |
| IWF | 9,085 | 32.01 | 60.06 | 31.12 | 5,684,027 |
| SHY | 7,259 | 83.93 | 85 | 82.11 | 2,098,552 |
| VTI | NA | 35.56 | 71.09 | 34.75 | 6,849,078 |
| IWD | 7,111 | 36.07 | 78.53 | 35.46 | 3,550,654 |
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