Wall Street was on auto-pilot before tomorrow's Thanksgiving
holiday and Friday's shortened session, although all three indices
managed to hold onto modest gains that included a fresh 13-year
high for the Nasdaq. Volume was roughly one-third third its
average, but strong earnings from Hewlett-Packard (
) and upbeat data on consumer sentiment and regional manufacturing
activity provided early gains that largely held. However, with the
markets closed Thursday, and Friday the last trading day of the
month, month-end window dressing contributed to the slight drift
off the highs, leaving stocks on the plus side but off their best
levels of the day.
Today's economic calendar included everything from October
durable goods orders (-2.0%) to leading indicators (+0.2%). But it
was the data from the Midwest that generated the most interest. The
Chicago Fed reported that their national activity index tumbled to
-0.18 from a positive 0.18 the month prior. But fortunately, this
was overshadowed by better than expected Chicago PMI and
Reuters/Univ of Michigan consumer sentiment index, the latter
improving to 75.1 from October's 72.0.
Here's where the markets stand at the close:
Dow Jones Industrial Index was up 24 points, or 0.2%, to
S&P 500 was up 4 points, or 0.3%, at 1,807.23
Nasdaq Composite Index was up 27 points, or 0.7%, at
FTSE 100 was up 0.20%
Nikkei 225 was down 0.42%
Hang Seng Index was up 0.53%
Shanghai China Composite Index was up 0.82%
PZN, JP Morgan upgraded the stock to Overweight rating from
Neutral and raised its price target $2.
CRDS, The company filed a suit against Dell Inc (
) and other rivals alleging they are infringing on three of the
company's patented technologies..
BIOS, Drugstore CVS (
) announced it was buying the Coram division of privately held
Apria Healthcare, a competitor of BioScrip.
TLYS, Downgraded by analysts at SunTrust Robinson Humphrey to a
Neutral rating from a Buy.
BLOX The company reported as expected Q1 revenue and beats EPS,
but revised Q2 and FY 2014 guidance lower
BRLI, The company expects Q4 EPS of $0.40, below estimates for
FY EPS at $1.65, missing forecasts for $1.79.