Thu, Mar 5, 2015, 3:43 PM EST - U.S. Markets close in 17 mins.

Recent

% | $
Quotes you view appear here for quick access.

BB&T Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • scarbrobill scarbrobill Feb 22, 2008 5:36 PM Flag

    Last hour of the day

    Looks like somebody got a little inside info to make the pps spike the last hour.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Good grief billie, do you live on conspiracy? "Stocks End Higher in Late-Trading Rally
      By TIM PARADIS,Associated Press
      Posted: 2008-02-22 16:41:42
      NEW YORK (AP) - Wall Street staged a dramatic turnaround Friday, shooting higher in the last half-hour of trading amid word that a bailout plan for troubled bond insurer Ambac Financial could be announced next week.

      CNBC reported shortly before the closing bell that a plan to help shore up the finances of Ambac Financial Group Inc. could be announced on Monday or Tuesday. Ambac shares jumped on the report and finished up $1.48, or 16 percent, at $10.71.

      The market's turnaround came after nearly two days selling. The Dow Jones industrial average had been down more than 100 points, but by the close, showed a 225-point reversal from its lows of the session.

      "There's probably some validity to the rumors," said Jim Herrick, manager of equity trading at Baird & Co., referring to traders' speculation about Ambac. "With the overall financial crunch we've experienced, this brings new confidence in the sector."

 
BBT
37.92+0.11(+0.29%)3:43 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.