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US markets finished above today’s lows but ultimately closed slightly down. Pressure in the Technology sector moderated recent optimism and turned investors to a more cautious mindset. In addition, continued strength in the dollar has caused equity prices to slide. Investors appear to be cautious going into next week when a flurry of economic data will be released.


No Economic Reports Today


Nike raises qtrly dividend to $0.27/share - Full story.

MediaTek and Qualcomm enter into circuit products patent arrangement - Full story.

Dell Inc. reports 3rd-qtr earnings of $0.17/share, down from $0.37/share in the same period last year - Full story.

ADC, Inc. reports fiscal 4th-qtr loss of $0.20/share - Full story.

Gap, Inc. reports 3rd-qtr net income of $0.44/ share, up from $0.35/share in the year ago qtr - Full story.

Intuit reports fiscal 1st-qtr loss widened to $0.21/share, from $0.16/share in the prior year period - Full story.

J.M. Smucker Co. reports a sharp increase in fiscal 2nd-qtr profit to $1.18/share, up from $0.94/share in the prior year period - Full story.

DR Horton Inc reports a smaller fiscal 4th-qtr net loss of $0.73/diluted share, up from a loss of $2.53/share in the prior year period - Full story.

The EU has extended the deadline for Oracle Corp. take over of Sun Microsystems Inc. to January 27 - Full story.

President Jean-Claude Trichet says the ECB will gradually withdraw emergency cash to ensure it doesn’t fuel inflation.


Major Asian stocks fell for fourth straight day after Merrill Lynch cut its outlook on the global semiconductor industry. London's FTSE closed down 0.31%, Frankfurt's DAX finished down 0.68%, and Paris' CAC closed lower by 0.82%. Japan's Nikkei was down 0.54%, Hong Kong's Hang Seng closed down 0.83%, and Sydney's All Ordinaries Index finished lower by 1.28%.

Economic Calendar:

Mon: Existing Home Sales;
Tues: GDP (Prel), Chain Deflator (Prel), Case-Shiller Index, and Consumer Confidence;
Wed: Personal Income, Personal Spending, Initial Jobless Claims, Durable Orders, Michigan Sentiment (Rev), and New Home Sales;
Thurs: Market Closed for Thanksgiving Holiday;
Fri: No Reports Today.

Alex Spane - News Editor
Macro*World Research
alex.spane@mworld.com

 Market Overview (11/20/2009 04:04 PM ET)
         
Dow
10318
S&P 500
1091
NYSE
7084
AMEX
1782
NASDAQ
2146


-14.3


-3.5


-33.2


-23.3


-10.8
Trading Volume(mil): NYSE: 1,128  NASDAQ: 1,992



 Key Indicators
+0.005

  +9.30

   
U.S. 3mo
T-Bills
0.010%
Crude
Oil
76.72
Gold
1151.20
LIBOR
0.24%
$/Euro
1.486
 

-0.74
 

0.00


-0.006
Fri Fri Fri Fri Fri



 World Markets
Amsterdam EOE 310.0 -3.3 Fri 12:08
Brazil Bovespa 66,327.3 -188.4 Thu 15:17
Frankfurt DAX 5,663.2 -39.0 Fri 11:45
FTSE™ 100 5,251.4 -16.3 Fri 11:35
Hang Seng 22,455.8 -187.3 Fri 03:01
Madrid General 1,224.0 -13.4 Fri 11:37
Mexican IPC 30,666.5 -151.2 Fri 16:05
Milan Stock Exchange 22,511.7 -311.5 Fri 11:30
Nikkei Dow 9,497.7 -51.8 Fri 02:00
Paris CAC 40 3,729.4 -30.9 Fri 12:13
Seoul Composite 1,620.6 +0.1 Fri 04:03
Shanghai Composite 3,308.3 -12.3 Fri 02:00
Stockholm General 297.4 +0.3 Fri 12:40
Straits Times 2,761.5 +2.8 Fri 04:10
Swiss Zurich 6,277.5 -9.4 Fri 11:31
Sydney All Ord 4,706.7 -61.1 Fri 00:47
Toronto Exchg 11,579.3 -21.0 Fri 17:05

 U.S. Treasury Rates
U.S. - 5yr T-Notes2.17%+0.01 Fri 14:59
U.S. - 10yr T-Notes3.36%+0.01 Fri 14:59
U.S. - 30yr T-Notes4.30%+0.01 Fri 14:59

 Securities In Bulletin
ADC Telecommunications 5.91 -0.73 Fri close
Dell Inc 14.29 -1.58 Fri close
DR Horton Inc 10.37 -1.88 Fri close
Gap Inc 21.95 +0.09 Fri close
Intuit 29.66 -0.61 Fri close
J.M. Smucker Co. 56.35 +2.87 Fri close
Nike Inc 63.92 +0.36 Fri close
Oracle 22.34 -0.05 Fri close
Qualcomm Inc. 45.10 +0.01 Fri close
Sun Microsystems 8.61 +0.01 Fri close


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