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Market Wrap-Up for Oct.26 (MSFT, RSH, BAC, STT, AU, more)

By Dividend.com Staff
October 26th, 2009

market-wrap-up-for-oct-26-msft-rsh-bac-stt-au-more

It was an odd day of action for the markets with a big spike after the first hour, followed by an even bigger drop as we got closer to midday. Some of the reasons for the drop have varied, from a stronger dollar to inflation in China.

We had some bright spots that stuck out on the upside. Radio Shack (RSH) was an earnings winner and the stock rallied. Positive Wall Street commentary alsp helped boost shares of Bucyrus International (BUCY) and Microsoft (MSFT).

Leading the action lower were names like Monsanto (MON), U.S. Bancorp (USB), State Street (STT), AngloGold (AU), Bank of America (BAC) and Agrium (AGU). Gold (GLD), Oil (USO), and Treasuries (TLT) were losers as well. We are monitoring our “Best Dividend Stocks” list for possible changes and will keep all our subscribers posted of any moves we make.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.