Stocks closed out the week with a mixed performance on Friday, with the Dow and S&P 500 closing higher, while the Nasdaq closed lower. Once again, financial stocks lead the advance, after the Bush administration put together a plan aimed at saving the sub-prime home loan market.
In today's economic news, Construction Spending, Persoanl Income and Personal Spending all fell more than expected.
Tiffany & Co. (TIF | Quote | Chart | News | PowerRating) reported third quarter profit more than tripled and raised its full-year outlook (read more).
Dell (DELL | Quote | Chart | News | PowerRating) reported a 27% rise in Q3 profit on an 8.5% revenue increase.
J Crew (JCG | Quote | Chart | News | PowerRating)
Royal Bank Of Canada reported Q4 profit increased by 5% (read more).
Crude oil dropped below $90 per barrel, falling to the lowest price since late October.
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Market Snapshot |
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Volume |
1,925,892,600 |
2,544,480,769 |
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Up Volume |
1,424,384,650 |
1,043,467,821 |
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Down Volume |
487,637,950 |
1,476,608,442 |
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Strongest/Weakest Industry Groups |
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Economic
News |
Personal Income (Oct): Actual 0.2%, Consensus 0.4%
Personal Spending (Oct): Actual 0.2%, Consensus 0.3%
Construction Spending (Oct): Actual -0.8%, Consensus -0.2% |
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