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
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Market Overview (11/20/2009 04:04 PM ET)| Trading Volume(mil): | | NYSE: 1,128 | | NASDAQ: 1,992 |
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Key Indicators
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
Securities In Bulletin
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