Stocks closed mixed on Thursday after the Department of Labor announced unemployment claims fell to the lowest level since 2008 last week. Apple (AAPL) reported better than expected earnings, but light revenue numbers and iPhone sales dragged the stock and the overall NASDAQ into negative territory.
Among the high-volume stocks today Cisco Systems (CSCO), Pfizer (PFE) and Xerox (XRX) booked gains while Apple, Keycorp (KEY) and Nokia (NOK) all moved lower. The Chicago Board Options Exchange Volatility Index closed the day at 12.71 after opening at 12.73. The Put/Call Volume Ratio is at 0.88 while the Put/Call Open Interest ratio is also at 0.88.
Michael Fowlkes is a financial writer who has been with the Fresh Brewed Media family since 2004. Over the course of his tenure with Fresh Brewed Media, he has worn many hats, including portfolio manager, options analyst, and writer. Michael received his undergraduate degree from Virginia Tech in Accounting and got his start in finance working as a stock trader for six years at Chase Investment Counsel in Charlottesville, Va. His articles typically cover big-picture events and forecasting what impact they will have on the stock market. Follow Michael on Twitter @MFatMICenter.