3 big stories coming into the close today bear mentioning:
$BP announced a few minutes ago that they have seen at least some success (Maria Bartiromo chose her words very carefuly and so will I) with their latest attempt at capping the Deep Water Horizon well, and the ensuing integrity test. “No oil flow into the Gulf” is the exact quote, but obviously no one’s ready to dust off that “Mission Accomplished” banner just yet! Traded up 10% going into the close pulling Transocean ($RIG) and Diamond Offshore ($DO) with them.
Click here for BP’s Live shot of the well.
Goldman Sachs ($GS) is expected to settle with the SEC soon for $550 M. The alleviation of uncertainty surrounding their fraud case pulled shares up around 2% in after hours trading, and helped boost the financials and overall market to near even going into the close.
Google ($GOOG) reports earnings of $6.45 EPS missing the street’s estimated $6.51. Beat the street on the top line with Q2 revenue of $5.1B