"Weekly jobless claims were better than expected, but durable
goods orders weren't anything spectacular," mused Schaeffer's
Senior Equity Analyst Joe Bell, CMT. "Still, the data didn't do
much to sway the market either way, and the slow week continued, as
many participants prepared for the Thanksgiving holiday."
Dow Jones Industrial Average (DJI)
S&P 500 Index (SPX)
both finished in positive territory, and once again clinched
all-time closing highs.
Continue reading for more on today's market, including
Consumer sentiment climbed higher in November, weekly jobless
claims fell more than expected, and Microsoft Corporation (
) received a vote of confidence from the brokerage bunch.
Dow Jones Industrial Average (DJI - 16,097.33)
faltered during the afternoon hours, touching an intraday low of
16,057.34 around 1:30 p.m. ET. By the session's end, however, the
blue-chip bellwether was up 24.5 points, or 0.2%, to secure yet
another record closing high. Intel Corporation (
) led the Dow's 19 advancers with a gain of 1.1%, while The Walt
Disney Company (
) paced the 11 decliners with a loss of 0.6%.
S&P 500 Index (SPX - 1,807.23)
also drifted lower around midday, but powered north to end 4.5
points, or 0.3%, higher -- marking an all-time closing peak.
Nasdaq Composite (COMP - 4,044.75)
reached a new 13-year intraday peak of 4,045.81, and advanced 27
points, or 0.7%, on the day.
CBOE Volatility Index (VIX - 12.98)
plummeted to a session low of 12.44 shortly after the opening bell,
but managed to end with a modest gain of roughly 0.2 point, or
A Trader's Take
"The slow and steady uptrend continued," noted Bell. "Technology
and small-caps once again had a strong performance, similar to
yesterday's session. Momentum names that lagged for much of
November have definitely received some nice attention from buyers
during this holiday-shortened week."
3 Things to Know About Today's Market
- Hewlett-Packard Company (HPQ) reported a
fiscal fourth-quarter profit
of $1.41 billion, or 73 cents per share, versus a loss of $6.85
billion, or $3.49 per share, in the year-ago period. Excluding
items, earnings arrived at $1.01 per share, topping consensus
estimates by a penny. Meanwhile, revenue came in at $29.1
billion, besting analysts' projections for $27.8 billion in
- The final November reading of the Thomson Reuters/University
consumer sentiment index
arrived at 75.1, up from a reading of 73.2 in October.
Economists, on average, were expecting a final figure of 73.
- The Labor Department said
first-time jobless claims
fell by 10,000 last week to a seasonally adjusted 316,000 --
contrasting consensus projections for a rise to 330,000. In
addition, the four-week moving average of initial filings fell by
7,500 to 331,750.
(Reuters via CNBC)
5 Stocks We Were Watching Today
Microsoft Corporation (
scored a price-target hike after announcing plans to revamp its
Internet traffic encryption efforts.
- News of an employee layoff in Canada triggered some negative
price action for
Sears Holding Corp (SHLD)
Intel Corporation (
was slapped with negative analyst attention at RBC ahead of the
- Put volume ran rampant on
Fifth Third Bancorp (FITB)
, but not all of this activity was of the bearish variety.
Amazon.com, Inc. (AMZN)
added a holiday-inspired product page, while the stock reached a
new technical milestone.
For a look at today's options movers and commodities
activity, head to page 2.
Crude futures stumbled today, after the latest inventories
report revealed a 10th weekly increase in oil supplies. By the
closing bell, the January contract fell $1.38, or 1.5%, to end at
$92.30 per barrel -- the lowest settlement price for a most active
contract since late May.
Meanwhile, gold futures were pressured lower by a stronger
greenback, with February-dated gold declining $3.60, or 0.3%, to
finish at $1,237.90 per ounce -- marking the lowest closing price
since July 8, when comparing most-active contracts.
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