8/20/08 - Dow Up 68.88 Due to Good Earnings from Hewlett-Packard

The Dow closed today at 11417.43 up 68.88 while the S&P 500 gained 7.85 to close at 174.54. NASDAQ closed at 2389.08 up 4.72. The 10 Year Treasury Note was up .08 resulting in a lower yield of 3.80. Oil was up to $114.98 per barrel. There is still concern that Fannie Mae (FNM 4.47 down 1.54) and Freddie Mac (FRE 3.23 down .94) will need a bailout from Uncle Sam. Hewlett-Packard reported earnings for the quarter of .83 (HPQ 46.20 up 2.51). Volume continues to be light. That's it from Buckhead.