U.S. markets partially recovered with the IWM & SPY up .75% and the DIA and QQQQ up .5% on the final trading day of January.
Breadth improved to 21 stocks up for every 9 down on the NYSE. 132 new 50-day new highs.
Energy is the top sector performer for January. XLE up 2.87%, OIH up 2.33% to both close at 52-week highs. Individual performers include CVI, HOC, & IMO up 4.5%, DVN up 4.1%, EOG up 3.7%., and PWE up 2.7%.
Coal back in the news as MEE offered a 10% premium by ANR in cash and stock for a buyout. MEE up 9.1%, ANR down 7.3%. Other materials movers include PCX up 3.73% & WLT up 3%.
After the market closed, at 4:30pm EST, Baidu reported good earnings and improved guidance. In the regular session up 1.75 to 108, its showing up another 8.88 to 116.88.
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