The Bulls See Bad Housing Data and Smile
Today's financial recap and tomorrow's financial outlook.
The Nasdaq (INDEXNASDAQ:.IXIC) outperformed by a decent margin courtesy of Microsoft (NASDAQ:MSFT), shares of which surged after the company announced that CEO Steve Ballmer would retire within 12 months.
Additionally, emerging market stocks and bonds both rallied, partially reversing their recent negative action.
On the negative side, retailers were down big as earnings from the likes of Aeropostale (NYSE:ARO), Foot Locker (NYSE:FL), and Hibbett Sports (NASDAQ:HIBB) disappointed.
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