Closing Bell 08.01.07

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Stocks jumped in the last minutes today, trading up after continued credit market concerns drove prices down most of the session. Like the rest of the week, trading was characterized by heavy volume and high volatility.
By four, all S&P sectors were up and the Dow had a triple-digit gain. It closed up 113.47 or .86% to 13325.46. The Nasdaq was down 10.61 or .42% to 2535.66; and the S&P 500 traded up 5.14 or .35% to 1460.41. The Pharmaceutical company Merck traded up 1.41% with news that British can’t sue them for health problems caused by Vioxx.
Expect more of the same credit induced vicissitudes.
Market intelligence everyday at FT Alphaville.

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