bstocksdev

Today's inflation report was the main reason for the rally as it looks like prices nominally are not getting much worse. But as I noted, that's true if you don't go to the gas station or grocery store. Home foreclosures rose yet again, and that may be something to get used to. Oil prices were down down $1.86 to $123.94 per barrel in after-hours trading. Here are the unofficial closing index levels:

• DJIA 12,890.64 (+58.46; +0.46%)
• S&P500 1,407.87 (+4.83; +0.34%)
• NASDAQ 2,495.66 (+0.54; +0.02%)
• 10YR-TBond 3.938% (+0.029)
• 52-WEEK LOWS
• 10 ANALYST CALLS

China Architectural Engineering, Inc. (AMEX: RCH) saw another massive rise today based upon the Chinese earthquake. Shares were up 40% at $8.38 at the end of the day. Architecture, engineering, China, earthquake... what more did traders need to hear?

Deere & Co. (NYSE: DE) saw a sharp drop in shares after reporting earnings, and it pulled down other ag-stocks. The company said it was being impacted by tight part supplies and rising materials costs, and that sent shares tumbling 10% to $81.10 in the final minutes today.

Fushi Copperweld, Inc. (NASDAQ: FSIN) rose a sharp 14% to $21.90 late in the day after it blew past revenue targets with a 155% gain in revenues.

Jack in the Box Inc. (NYSE: JBX) must be more economically sensitive than other fast-food restaurants out there. Its shares were down over 10% at $$25.00 late in the day after its earnings report.

Macy's Inc. (NYSE: M) saw a 4% rise late in the day to $25.07 after the company's earnings came in better than the reduced estimates; the company also reaffirmed its prior sales forecasts for 2008.

Whole Foods Markets (NASDAQ: WFMI) saw shares pounced after the company's earnings and guidance failed to impress investors. In fact, the results were very unimpressive. Shares were down over 12% at $29.40 late in the day.