Market Close for Monday, December 20, 2010

After the close…

We have ADBE +4.5% and JBL +4.2% following their earnings reports and guidance.

Stocks closed mixed with exception, as the Nasdaq hit its best level in three years, and the S&P 500 crossed 1250 for the first time since September 22, 2008.

After the close notable stocks reporting earnings included ABDE, JBL, DRI and PAYX.

Futures are mixed after hours with the S&P 500 futures down -0.31 from fair value of 1241.81 and Nasdaq 100 futures up +1.39 points from fair value of 2221.39.

Nine of the ten sectors were in positive territory, led by energy (+0.7%), consumer discretionary (+0.6%) and telecom (+0.5%).

Tomorrow morning before the open there are no economic reports scheduled to be released.

Also tomorrow before the open, stocks expected to report earnings include KMX, CCL, CMC, and CAG.

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