Dow Jones Open 11/13/08 - Stock Market

Today, 11/13/08, the Stock Market and Dow Jones are opening higher on the day after Intel ( INTC ) warned that revenue and profit margins would not meet the street expectation. The Nikkei got crush last night, down over 400 points but buyers are stepping into our stock markets today. You would think we would be down big on this this news but Intel and the Stock Markets are actually trading higher.

The Dow Jones at 10:45am Est time is down 16 points at 8266. The Dow Jones hit a low of 8221 today, November 13th, 2008, just 50 points off the low right before the Obama rally. 8175 is a level worth watching. So far every attempt to go at or below 8200 has failed and we rallied.

The Nasdaq is 1489 down 10 points, after hitting a fresh 52 week low of 1478. It is just amazing to see the sellers sell in panic, Apple ( AAPL ), Google ( GOOG ), Amazon.com ( AMZN ), and Research in Motion ( RIMM ). Someone is losing a ton of money by selling this low. These stocks are down 25-50% in one week!

The S&P 500 is up 1 to 853 after hitting a low today of 847.40, 8 points off the 52 week low.

Today's Biggest Gainers 11/13/08

The biggest gainer is a drug stock AMAG Pharmaceuticals ( AMAG ) The company announces ferumoxytol resubmission designated complete, Class 1 response by the FDA. . AMAG is seeking marketing approval for ferumoxytol for the treatment of iron deficiency anemia in patients with all stages of chronic kidney disease, including those on dialysis and those not on dialysis. The stock is up 65% today to $30.11

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