Stocks suffer worst weekly loss in 5 months

The major averages see small gains but fall for the week as sparring begins between the White House and House Speaker Boehner on fixing the fiscal cliff. Apple rallies after three big losses. Disney sags. Kayak jumps after merger with Priceline.com.

By Charley Blaine Nov 9, 2012 2:26PM
Charley BlaineUpdated: 7:38 p.m. ET

After two nasty days of declines, the stock market struggled to finish ahead today. It succeeded with very small gains, but the major averages still had their worst weekly performance in five months.

If you want to thank someone for at least halting the losses this week, thank consumers, who are more confident about the economy. Thank Apple (AAPL), which rallied today after three straight declines.

Thank Priceline.com (PCLN), which is buying Kayak Software (KYAK), operator of the Kayak travel site, for some $1.8 billion. Kayak shares were up $8.63 to $39.67.

The wild card for the market today has been Washington and the fiscal cliff -- the mixture of government spending cuts and tax hikes set to take effect Jan. 1. Remarks today by President Barack Obama and House Speaker John Boehner suggested there remain big differences in approach. Big enough, in fact, the Dow Jones industrials ($INDU) briefly fell into the red after Obama said a solution to the fiscal cliff had to be balanced -- some tax increases and spending cuts. Boehner opposes any tax increases.

The Dow ultimately finished with a 4-point gain to 12,815. The blue chips had been up as many as 79 points and down as many as 26 after Obama's remarks. The Standard & Poor's 500 Index ($INX) gained 2 points to 1,380, and the Nasdaq Composite Index ($COMPX) gained 9 points to 2,905.

Article continues below.
The Nasdaq-100 Index ($NDX) rose 12 points to 2,584. Apple, which represents about 17% of the market capitalization of the index, rose $9.31 to $547.06. The shares had been as high as $554.88 after falling more than 8% in the past three days.
The Dow's gain would have been more than 20 points higher if Walt Disney (DIS) were flat today. But the entertainment giant's fiscal-fourth-quarter earnings and outlook disappointed Wall Street, and the shares were down $2.98 to $47.06.
Despite today's gains, the Dow and the S&P 500 suffered their third straight weekly losses and fourth in the last five. The Nasdaq had its fifth weekly loss in a row and seventh in the last eight weeks.

The Dow fell 2.1% for the week, while the S&P 500 was off 2.4%, their worst weekly performances since the end of May. The Nasdaq's 2.6% loss was its worst since the week of Oct. 8.

Those losses were modest compared with the 3.2% loss suffered by Japan's Nikkei 225 Index ($JP:N225) or the 2.7% decline for Germany's Dax Index ($DE:DAX).

But the week still left the Dow S&P 500 and Nasdaq below their 200-day moving averages, a bearish sign for markets. But the market is oversold by other measures, with a bounceback rally at the very least due in the near future.

The big risks, of course, are the fiscal cliff and what happens in Europe.

Markets for the week



11/9/2012

11/2/2012

% chg.

YTD chg.
Dow Industrials

12,815.39

13,093.16

-2.12%

4.89%
S&P 500

1,379.85

1,414.20

-2.43%

9.72%
Nasdaq 

2,904.87

2,982.13

-2.59%

11.50%
Russell 2000

795.02

814.37

-2.38%

7.30%
Crude oil 

$86.07

$84.86

1.43%

-12.91%
(per barrel)

0.00

0.00

0.00%

0.00%
U.S. Dollar Index 

81.91

80.68

1.52%

1.72%
10-yr. Treasury

1.61%

1.73%

-6.55%

-13.79%
Gold

$1,730.90

1,675.20

3.32%

10.47%

Consumers are feeling better
The Thomson Reuters/University of Michigan’s preliminary index of consumer sentiment for November increased to 84.9 from 82.6 the prior month. Economists had expected a reading of around 83.

The gains were due to lower gasoline prices and an improvement in both housing and labor markets, according to Capital Research, an economic consulting firm.

Capital Research economist Amna Asaf was skeptical the gains in the index would translate into more consumer spendiing. The fiscal cliff will get lots of news play and may weigh on markets.

Energy prices -- New York close



Fri.     Thur.

Month chg.

YTD chg.
Crude oil (-CL)

$86.07

$85.09

-0.20%

-12.91%
(per barrel)











Heating oil (-HO)

$3.0055

$2.9554

-1.85%

3.13%
(per gallon)











Natural gas (-NG)

$3.5030

$3.6080

-5.12%

17.20%
(per mil. BTU)











Unleaded gasoline (-RB)

$2.6992

$2.6073

2.62%

1.57%
(per gallon)











Brent crude 

$109.40

$107.25

3.52%

1.88%
(per barrel)











Retail gasoline

$3.4560

$3.4640

-1.85%

5.49%
(per gallon; AAA)












A busy week ahead
The fiscal cliff will dominate headlines next week as will changes in China's leadership and events in Europe.

But the week will feature reports on producer and consumer price inflation on Wednesday and Thursday and important reports on manufacturing in New York and the mid-Atlantic states, also on Thursday.

Plus, the Federal Reserve releases minutes of its October meeting on Wednesday.

It's a big week for earnings, including:
  • Monday: D.R. Horton (DHI) and Jacobs Engineering (JEC).
  • Tuesday: Home Depot (HD), Cisco Systems (CSCO), Michael Kors (KORS) and Saks (SKS).
  • Wednesday: Abercrombie & Fitch (ANF) and Staples (SPLS).
  • Thursday: Wal-Mart Stores (WMT), Ross Stores (ROST), Viacom (VIA) and Gap (GPS).
  • Friday: Ann (ANN), Foot Locker (FL) and J.M. Smucker (SJM)
J.C. Penney's terrible year continues

The bad news for J.C. Penney (JCP) keeps getting worse. The struggling department-store chain reported today a wider third-quarter loss than Wall Street expected on a nearly 27% sales drop. 


Shares fell $1.05 to $20.64 and are off 52% from their 2012 high, reached on Feb. 9.


Today's was the third consecutive quarter losses and sales declines as customers continue to show that they're unhappy with Penney's decision this year to ditch hundreds of coupons and annual sales in favor of everyday low pricing.


The poor results underscore the challenges facing Penney CEO Ron Johnson, the former Apple executive brought in a year ago to turn the company around. Since then Johnson, who masterminded Apple's popular retail stores, has been working to change everything at Penney's, from its stores to its merchandise.


The problem is it will takes years to get it all changed, and the big question is whether its board of directors will wait long enough for the changes to work. 


Late today, Standard & Poor's cut the company's credit ratiing to B- from B+. That's deeper into junk territory.

A broad rally fades
At one point, all of the 10 sectors in the S&P 500 rose today. That list dropped to six at the close. The leaders were technology, health care and industrial stocks. The laggards were utility, consumer discretionary, materials and energy shares.

Boeing (BA), Caterpillar (CAT) and IBM (IBM) contributed nearly 30 points to the Dow by themselves. Twenty of the 30 Dow stocks were higher.

Meanwhile, 271 S&P 500 stocks were higher, along with 52 Nasdaq-100 stocks.

International Game Technology (IGT), medical-device maker Covidien (COV) and Cliffs Natural Resources (CLF) were the S&P 500 leaders. Disney, J.C. Penney and Microchip Technology (MCHP) were the laggards.

Research In Motion (RIMM) was the Nasdaq-100 leader, followed by Sirius XM Radio (SIRI). The laggards were Microchip Technology and Nvidia (NVDA). 

Separately, Groupon (GRPN) was down $1.16 to $2.76. The online deals service posted third-quarter results that showed slowing revenue growth and a decline of its core business.

But Zipcar (ZIP) was up 96 cents to $7. The car-sharing company posted strong third-quarter results and is still on track to report its first annual profit in 2012.

Oil and gold rise
Crude oil (-CL) in New York settled up 98 cents to $86.07 a barrel. Brent crude in London, the bigger determinant in gasoline prices, had risen $1.99 to $109.24 a barrel.

The national average retail price of gasoline was at $3.456 a gallon, down from Thursday's $3.464.

Gold (-GC) had settled up $4.90 to $1,732.70 an ounce. For the week, gold was up 3.3%, its third-largest weekly gain of the year after the weeks of Jan. 23 and May 28.

Short hits from the markets -- New York close



Fri.

Thur.

Month chg.

YTD chg.
Treasury yields











13-week Treasury bill

0.0900%

0.090%

-18.18%

800.00%
5-year Treasury note 

0.639%

0.643%

-10.63%

-23.01%
10-year Treasury note

1.613%

1.632%

-4.33%

-13.79%
30-year Treasury bond

2.752%

2.769%

-3.47%

-4.74%
Currencies











U.S. Dollar Index

81.098

80.886

1.39%

0.72%
British pound

1.5901

1.5985

-1.46%

2.34%
(in U.S. $)

 








U.S. $ in pounds

£0.629

£0.626

1.48%

-2.28%
Euro in dollars

$1.27

$1.27

-1.89%

-1.86%
(in U.S. $)

 








U.S. $ in euros

€ 0.786

€ 0.784

1.93%

1.89%
U.S. $ in yen 

79.62

79.48

-0.23%

3.26%
U.S. $ in Chinese

6.26

6.24

0.51%

-0.96%
yuan











Canada dollar

$0.999

$1.000

-0.11%

1.85%
(in U.S. $)

 








U.S. dollar 

$1.002

$1.000

0.19%

-1.81%
(in Canadian $)

 








Commodities

 

 

 

 
Gold (-GC)

$1,730.90

$1,726.000

0.69%

10.47%
(per troy ounce)

 








Copper (-HG)

$3.446

$3.470

-2.05%

0.28%
(per pound)

 








Silver (-SI)

$32.5990

$32.240

0.88%

16.78%
(per troy ounce)

 








Wheat (-ZW)

$8.8650

$9.025

2.54%

35.81%
(per bushel)

 








Corn (-ZC)

$7.3875

$7.413

-2.25%

14.27%
(per bushel)

 








Cotton 

$0.6958

$0.693

-0.70%

-24.11%
(per pound)

 








Coffee

$1.4990

$1.514

-3.07%

-34.73%
(per pound)

 








Crude oil (-CL)

$86.07

$85.090

-0.20%

-12.91%
(per barrel)










 

530Comments
Nov 12, 2012 12:34AM
avatar
I'm sure many of those figures, test case regulations, with no solid basis of acceptance are just blow that hits the internet and low key media outlets....And floats arounds like turds in the punchbowls.
Nov 12, 2012 12:23AM
avatar

Let's see the tax cuts to the wealthy have not encouraged investment or spending; Or what has seemed to happen in previous Recessions?...Pretty much same with Corporations ??

 

Hoarding,hiding and evading on much they have.. Don't want that lower 50% getting any of it, even if it's in hard earned wages..

So you are left with taxing them to jump start the economy....They come out of the woodwork with investments and spending FOR the write-offs....And slowly the cycle starts to clear itself; Demand is slow at first, but picks up steam, with livable wage earners spending to make their lives better.

 

The ones that threaten the American way of life are better off gone...We definitely need them, but not "to be our Masters"...And I hope their kind disappears, as I'm sure they will.

The only accomplishment of their's, the last 3-5 years is buying up the Competition.

Which eventually only serves the purpose of inflationary increases. In the not so distant future. 

 

Nov 12, 2012 12:16AM
avatar

The next 4 years will be slightly different from the last 4 because the Republicans blew it last summer.

All the President has to do now is make damn sure that the Republicans are on the record against tax increases and then he can let the Bush tax cuts expire and spending cuts occur on Jan 1 2013 with the peace offering of reinstating tax cuts for the middle class if the spending cuts are renegotiated. The Republicans can't hold out for reinstating all the tax cuts or they'll being shooting themselves in the butt

Next the President can offer to modify Medicare and Social Security eligibility by increasing age by 1 year over the next 12 years for people under 55 years of age. Finally, we'll be out of Middel East wars by 2014 and hell will freeze over or 2016 will occur before we get into another one.

Get ready to pay increased taxes on capital gains and dividends and be out of the market by 2014 when the Republicans take over and interest rates start to go way up.

 

Long live Mitt the Cockroach, Paul the Apostle and Karl the Joker.

.

 

Nov 11, 2012 8:03PM
avatar

CNS news? Penny Starr?

Is this some kind of a joke?

Kinda scraping the bottom of the barrel, eh Brutus?

 

http ://www.rightwingwatch.org/category/organizations/cnsnewscom
 
"Starr is employed by the Media Research Center, a group that should not be confused with, well, a media research center. Nestled in a small business park in Old Town Alexandria, the organization was founded by conservative talking head Brent Bozell in 1987.

The Media Research Center pursues conservative advocacy through a number of outlets whose ostensible goals are not activist in nature. One of those is CNSNews.com, home to the Cybercast News Service—formerly the Conservative News Service—a Web-based newsroom of about a dozen reporters, aggregators, and content producers"

Nov 11, 2012 7:59PM
avatar
 The Insane One said: Okiie Dokie 4Love, You and the other libtards that reside here believe freemarkets are bad and big government is good.  Welcome to Obama's America where crony capitalism has and will thrive. The govermnent  picks winners and losers and  the taxpayers fund it.

Again Untrue!  If you have digested any of my prior posts, you would be able to determine a few key points that I reiterate in order to try to educate the public. 

One:  Free markets are exemplified by the Gilded Age, or the Roaring Twenties or the last 30 years under Republican Regimes, during which the governmental role was diminished.  Legislation, if written, was ignored.  Regulations, if entered, were dismissed.  Enforcement , if at all, was pre-determined to be held at a "Lax" level, i.e.  SEC being preoccupied with porn instead of Madoff, et al.   Do you agree with this position?

Two:  I have never advocated for BIG GOV.  Quite contrary, like you Lib(tard)arians,  I am of the opinion -founded on empirical evidence and tons of history- that larger governments are indeed capable of terminating our essential freedoms and subjugating humans beneath the wheel of corporate enterprise.  Likewise, I perceive (where apparently you cannot) the flaws inherent to a government too small and weak to dominate against the corporate empires.

Government just large enough to retain power over the private sector coming to dominate our lives is what I want.  Government that is neither too large and overbearing nor too little to be an effective arbiter of our needs and liberties,  but that is "right sized" is what I want.   Government that does not function merely as a rubber stamp for business agendas and activities is what I want.  Dont You?  You should. 

Three:  Crony capitalism is favored by both sides, but the Republicans have made it over into
"high art" or even a "perfect science".  All my experience and academic investigation into political history has shown that the Dems (while also picking losers and winners) have seen fit to entertain the reality that more than just the upper crust have to benefit from the system.   Where your side savors victory of the bourgeoisie making profits at the expense of labor, the more enlightened approach of the Dems have factored in the 'rising tides' theory and forced it into practice to the benefit of the many.  Is this a "bad thing" ?

I understand your (and Brutus') convictions and fears very well.  However, as I told Brutus (over and over) what we have is what we have.  Wholesale deconstruction of the federal apparatus is not about to happen, but piecemeal approaches to reform can be afforded where possible, and would exemplify the more 'conservative' option, rather than 'tearing down the machine' altogether.  It makes for the more sensible solution.

In a nutshell, if people were completely stupid, then we should have a government which dictates everything for us to say, do, buy and etc.  But they are not.  We have been blessed with innate qualities such as reason and intuition, both of which can be honed by education and experience.   We ARE the Government.  We can alter that which is 'wrong' (does not function) and fashion better capability from it.  It is not a simple matter (no matter how fervent your desires) that a government should be downsized to a few molecules, but the larger question will always remain:  What kind of government operates best to eliminate (insofar as it practicable) the inequities between individuals with regard to opportunity, and between individuals and the
corporate aggregates who truly threaten freedom ?
Nov 11, 2012 7:47PM
avatar
Usefule Idiot quote:  Mixing terms like "Free Thinking" and "Fiscally conservative" with the term "democrat", is just too contradictory! Trillion dollar deficits and credit rating downgrades are not fiscally conservative, unless you are redefining words along with your rewrites of history!
==================================
Not for a Moderate it is NOT......It's never been a problem for the Politicians and Americans that have moved this country FORWARD.....MODERATES.......The politicians and Americans that play between the 40 Yard lines.....Are you telling me you cannot be a Liberal on Social Issues and Fiscally Conservative........​That's most  American's !!!!!  Think about it........I am all for FREEDOM on Social issues....I don't think control of gay marriage, abortion, contraceptives, drugs is TRUE FREEDOM........but I do want to see a Government that don't WASTE money........I do want to see the 78% of Americans that receive some form of Welfare who are either Elderly, Handicapped or  Kids, get healthcare, food and quality of life......I do want to limit FreeLoaders, but they truly are the minority......Besides the 78% of Americans\'s that depend on some form of Welfare, most of the other Americans are the WORKING POOR !!!!  , who WORK, for MINIMUM wage........when you get down to the Nitty Gritty, Freeloaders are the not the REAL problems.......I want to live in a country that provides suport for the people I described ABOVE,   Do you not???????????  EXTREMISM ON THE RIGHT AND LEFT DOES A DISSERVICE TO THIS COUNTRY....
Nov 11, 2012 7:28PM
avatar
Brutus, Also...check out the Mirhaydari article on the accompanying pages.  Some illuminating tidbits there, too.   AM is more on the side of 'conservatives' than I am comfortable with, but he does make some sense ...

Top Stock, entitled..."
Obama, GOP face off at the edge"


Great commentaries as well. 


Nov 11, 2012 7:24PM
avatar
and then...the "Dry powder" concept about the hoarded cash ...

:

One popular theory for why the economy is set to improve: Companies hoarded money during the financial crisis and now sit on record piles of cash. The Fed says nonfinancial companies hold about $1.7 trillion in cash and other liquid assets.


Companies have cut back spending on machinery, tools, software and other so-called capital goods, resulting in the slowest growth in "capital stock" in nearly 50 years, notes Michelle Meyer, the U.S. economist at Bank of America Merrill Lynch.


"The positive story is that once the fiscal cliff is resolved, even if it's a messy process, some of the uncertainty hanging over businesses will be removed," she says.


Pent-up demand from corporations could turn into spending in the spring and pick up through next year."


NOT IF, but WHEN....It is bound to occur.  Either organic growth in some sectors catalyzes other sectors, or tax policy threatens the cash hoard, or politicians finally get their act together under duress from public criticisms.   It is Bound to Happen. 


Nov 11, 2012 7:22PM
avatar
Fascinating also, from the same article...

Questions remain regarding the threat of taxation becoming burdensome on business.  The article responds....

" The traditional thinking is that a Democratic president equals higher taxes for businesses. But financial analysts at UBS aren't so sure. In a report before the election, they predicted that the corporate tax rate would drop under Obama or Romney.


And anyway, says Carol Pepper, CEO of the wealth management firm Pepper International in New York, companies aren't going to stop growing just because they're faced with higher taxes.


"That," she says, "is cutting off your nose to spite your face."


Also, for more than three years, companies in the S&P 500 have improved earnings every quarter compared with the year before, according to market research company S&P Capital IQ.

Often, their growth has defied expectations. At the beginning of October, analysts were predicting that third-quarter corporate profits would fall nearly 2 percent compared with a year ago.

With about 90 percent of the companies in the S&P 500 turning in results, they're expected to be up more than 2 percent. And higher earnings generally send a company's stock higher."


and then.........





Nov 11, 2012 7:19PM
avatar

Fears of the 'fiscal cliff'...from the MSN Money page.


But lawmakers almost certainly will work out a deal — perhaps messily, unsatisfyingly and with lots of theatrics, but a deal nonetheless. But what happens after that, and to the market in Obama's second term?


Home prices are rising again in many parts of the country. Job growth is much faster than it was last spring. Consumer confidence is up. So is retail spending. And so is the stock market, last week's jitters notwithstanding.


...and this....


Still, if companies managed to grow profits during a slow economic recovery, they should have no trouble doing it if the economy really picks up.


This is the key.  These are trying times, yet our economic engine is not bogging down nor is it stuck in neutral.  Even minute bits of growth are enough to encourage optimism.


Unless you are Brutus or Mirage Guy and have an agenda to destroy America.


(Ha ha..)

Nov 11, 2012 7:17PM
avatar
Conservatives say that tax cuts help grow the economy..... but we probably won't hear from any Republicans that we should lower the tax rate for middle class people and leave rates where they are now for the wealthy, even though there are more middle class people than there are wealthy people.



Nov 11, 2012 7:15PM
avatar
Yes, and I agree (realistically, we are ALL going to have to bite the bullet.  All Obama asks is for the those who can afford to bite it a little harder, to step up and do so.  Its only fair.  Or do you go along with Mirage Guy's interminable rant about 'taxing the poor'?  Its already "taxing" to Be the "Poor", so other than the humorous elements of his rants, what else is there?  To increase revenues we will have to necessarily go where the money is, in the coffers of Mega Corps and Uber Wealthys.

Now I am sure they appreciate your intense lobbying on their behalf, but I repeat - If you are not of the 1 or 2 percent, you have no business 'going there'.  Taxing larger businesses to fund the debt paydown would be a small start, and in concert with the economic justice of re-adjusting the tax rates of the middle class as well.    

So no...its a revenue AND its and expenditure problem, as Bush cut those rates to benefit the wealthy backers disproportionately, but left the rest of us to close the gap.  

Nov 11, 2012 7:05PM
avatar
It's a spending problem, stupid...

"The Congressional Budget Office on Wednesday that the federal budget deficit in fiscal 2012 (which ended on Sept. 30) topped a trillion dollars for the fourth straight year even though federal taxes paid by individuals increased by 4 percent during the year and federal income taxes paid by corporations increased by about 34 percent."

"When calculated as a share of GDP, the last four fiscal years have seen the four highest deficits since the end of World War II in fiscal 1946."


Nov 11, 2012 7:05PM
avatar
Ok, Brutus...Then can I ask a question....

165 discrete pieces of regulation.....or One Giant Oil spill or coal mine disaster?
Which do you prefer?  Bear in mind, it could be your sibling / offpspring working there,
just for the sake of throwing one's own dice into the game.

Nov 11, 2012 7:00PM
avatar
LOM - "Small doses of proper medication (socialism) are indeed the 'cure' for the cancer of predatory, unbridled capitalism."

We're way beyond "small doses".  This comes from article written 2 days ago by Penny Starr:

"(CNSNews.com) – It’s Friday morning, and so far today, the Obama administration has posted 165 new regulations and notifications on its r e g u l a t i o n s dot g o v website.

In the past 90 days, it has posted 6,125 regulations and notices – an average of 68 a day.

The website allows visitors to find and comment on proposed regulations and related documents published by the U.S. federal government."
Nov 11, 2012 6:00PM
avatar

Twit quote: "a Free Thinking,Socially Liberal, Fiscally conservative Democrat.."

 

Mixing terms like "Free Thinking" and "Fiscally conservative" with the term "democrat", is just too contradictory! Trillion dollar deficits and credit rating downgrades are not fiscally conservative, unless you are redefining words along with your rewrites of history!

Nov 11, 2012 5:52PM
avatar
Republicans say deal can be done on U.S. "fiscal cliff"
Alister Bull - Reuters, Nov 11, 2012
"(Republican Senator Lindsey) Graham also warned that no Republican will vote for higher tax rates, and that reform of entitlement programs - such as the Social Security retirement program, the Medicare health insurance program for the elderly and disabled, and the Medicaid health insurance program for the poor - must also be tackled."
--------------------------------------------------------------------------------
Remember who is promoting cuts to SS and Medicare. It's not the Dems my friends.
Nov 11, 2012 5:21PM
avatar
Useful Idiot quote:  Twit, sounds like you've indoctrinated your daughter to become one of the Borg. A government Borg. Let's all become perfect citizens of the obamanation. Resistance is futile.
================================
I couldn't be more proud that my daughter is a Free Thinking,Socially Liberal, Fiscally conservative Democrat....she don't mind spending money when need be, but Hates waste....who believes in Social Justice,, ...and Loves President Obama......, btw just like her Dad.....

I taught her to live her life thinking of this:     I Give,  You Give,   We Get.....      You just can't go wrong ...
Nov 11, 2012 5:00PM
avatar
heheh obama is gonna talk 'bout the 'growing' economy LMAO!!!!! oh man! it's great to laugh, beats the fckk outta crying hehe
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

RECENT QUOTES

WATCHLIST

Symbol
Last
Change
Shares
Quotes delayed at least 15 min
Sponsored by:

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] The stock market capped the trading week with losses across the major averages. The S&P 500 fell 0.5% to surrender its weekly gain, while the Dow Jones Industrial Average (-0.7%) and Russell 2000 (-0.9%) underperformed. The two indices posted respective losses of 0.8% and 0.6% for the week.

Equity indices were pressured from the get-go after several heavyweights disappointed the market with their earnings and/or guidance, which led to some broader profit-taking. After ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Sponsored by:

VIDEO ON MSN MONEY