What a day to end the week! Amid a flurry of Cabinet appointments, the market rallied to close the week up an average of 6.01%. Here are a few of the day’s winners and losers.
Winners:
Prologis (PLD)
The bleeding has stopped, at least momentarily. With news of an all-star team being assembled in Washington, the stock made a last-minute rally. That’s good news for a company that was setting new 52-week lows daily. The stock closed at $3.04 an increase of 76 cents, or 33%.
Gap Inc. (GPS)
Retailers on the whole saw gains in the market. Gap can thank its better-than-expected third-quarter earnings for its nearly 30% jump. The company pulled in $246 million last quarter, which helped the stock bounce off its lows of the year. It finished trading at $12.10, a gain of $2.59 a share.
Lincoln National Corp. (LNC)
The financial sector took a big jump with reports of Tim Geithner being tapped as Treasury Secretary. The stock made a strong push during the final minutes of trading to finish up $1.32, or 26%, to end the week trading at $6.39.
Newmont Mining Corp (NEM)
As crude prices fell, gold rose, and Newmont made a 25% surge to end the week. The mining giant gained $5.79 a share to finish trading at $28.79.
Sprint Nextel Corp. (S)
The global communications giant rebounded after setting a 52-week low yesterday, rising 34 cents -- 25% -- on Friday to close out the week at $1.71.
Losers:
Developers Diversified Realty Corp. (DDR)
It still does not pay to be in real estate. The investment company’s stock set another 52-week low, but a last-minute rally helped it close at $2.75, losing just 75 cents on the day.
Citigroup Inc. (C)
There seems to be little the company can do to halt the landslide. The stock set another low today as shares tumbled another 20%. Though CEO Vikram Pandit tried to boost morale this morning, not even his kind words could stop the stock from closing down 94 cents at $3.77.
Autodesk Inc. (ADSK)
Despite a rise in third-quarter profit, the software designer turned around and lowered fourth-quarter guidance, driving the stock down 14.57%. The stock followed a trend and set a new 52-week low today, closing $2.45, or 15%, lower at $14.37.
Hartford Financial Services Group Inc. (HIG)
This stock, which has been struggling lately, dropped another 11%. Since becoming a thrift, shares have dropped nearly 60%. Shares finished trading on the week at $4.95, a loss of 62%.
KeyCorp (KEY)
After lowering its dividend, the stock dropped considerably but managed to finish the day down only 9.23%. The stock's performance marked another new 52-week low, closing 64 cents lower at $6.27.
Markets are battered again
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