After Research in Motion and Oracle both reported much stronger than expected earnings after the bell yesterday, it is no surprise that tech stocks led the markets higher today.  The NASDAQ finished up almost 1.5% while the Dow rose just .2%.  After their earnings reports, RIMM and ORCL rose 10.3% and 6.4% respectively to lead the Nasdaq higher.  In addition to this strong showing from technology stocks, financials also rebounded after being hit by TARP payback announcements this week.  Citigroup shares rose more than 6% today after closing at their lowest level since July of this year.  Shares of bank stock Wells Fargo rose 2.7% on the day after being hit by their own TARP payback plan.

FISCAL FRENZY PORTFOLIO CHALLENGE UPDATE

It is not too late to sign up for the Fiscal Frenzy portfolio challenge with a chance to win a $20 giftcard.  After this trading week, the number one portfolio is currently Fiscal Frenzy’s own portfolio with a gain of 3.75% since the game started on December first of this year.  Currently our biggest gainers include Research in Motion and Nvidia while our biggest loser is Citigroup.  Since the game started, the Dow is down .15% meaning our portfolio is beating the markets by almost 4%.  To join the game simply click on the link below and type in the game password (case sensitive) “FiscalFrenzy”.  Thank you all for playing and we would like to remind our readers we will not draw the portfolio winner until February 1st so there is still plenty of time to join.

http://vse.marketwatch.com/Game/GameOverview.aspx?id=FFChallenge