Market Close News – Gamestop (NYSE:GME), Bank of America (NYSE:BAC), Ford (NYSE:F), Kraft (NYSE:KFT)

It was an overall positive day for the market.  The Dow Industrial Average rose 45 points, and the NASDAQ was up 10 points.  The S&P has a powerful day, climbing to a year high of 1,150.24.  This is the highest the S&P 500 has been since October of 2008.  Overall the Dow is up 0.4%, the S&P 1.0%, and the NASDAQ 1.8% for the last five weeks.  –MSN

Gamestop (NYSE:GME) had a strong day due to takeover rumors.  The video game retailer, which has carved out a healthy niche due to a popular used-game trade in policy, was up 5.85% on the day.  It’s predicted that the game company will have an estimated $3.45 billion in revenue for the year.

For the third time in a month, Greece is in the midst of a general strike.  Transportation and public service workers announced a 24-hour walk-out in protest of recent cutbacks by the government.  Riot police clashed with anarchists following a 30,000 person-strong demonstration through the city of Athens early today, grinding the capital city to a halt.  A dozen people were arrested and two riot police injured in the clashes.

Bank of America (NYSE:BAC) was up today in a generally strong day for banking.  Citi CEO predicted big profits for his company, upwards of $20 billion, which evidently reflected positively on most major banks in the US.  Sen. Dodds says he’s close to a bipartisan financial reform bill, aimed to prevent taxpayer-based bailouts in the future like the ones received by Citi, B.of.A, and others.

After good sales figures for the month of February, and projected even higher sales for March, Ford Motor Company (NYSE:F) is close to breaking it’s 52-week high.  The now-largest automaker in the US was up today 0.7 percent, and is only 10 cents below its resistance level of 13.01.  Kraft Foods (NYSE:KFT), one of the largest food companies in the world, announced today it was replacing it’s 2,500 strong United States based sales vehicle fleet with the US automakers vehicles.  2010 has indeed been a good year for the Detriot-based companies investors.

That’s all for the day!  See you tomorrow, faithful readers!