Market Close for Thursday 08/26/10

After the close…

The following notable companies reported earnings: ARUN, BEBE, IRF, MCRS,
DLLR, SLH, NZ, NOVL and OVTI. JCG is down -7%.

Today technical resistance and a lack of leadership led stocks to roll
over even with a better-than-expected weekly jobless claims report.
However, near-term support helped keep the averages from closing at their
session lows.

Also today HPQ raised its PAR proposal to $27 per share in cash. After
hours, PAR is trading 6.8% higher.

Futures are trading lower after hours: S&P 500 futures -1.98 points from
fair value of 1045.68 and Nasdaq 100 futures -1.15 points from fair value
of 1766.65.

All ten sectors were in negative territory, led by tech (-1.1%), energy
(-1.0%) and financials (-0.9%).

Tomorrow morning before the open we have the following reports: GDP –
second estimate (Consensus 1.4%) and GDP Deflator — second estimate
(Consensus 1.8%).

Also tomorrow before the open FRO and TIF are expected to report earnings.

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