Stocks celebrated Friday the 13th by trading flat, with the
(INDEXSP:.INX) finishing -0.01% lower at 1775.32
Tech was relatively weak today but
) rallied once again, finishing up 6.6% at $59.00, as the company
reversed a controversial new policy that limited users' ability to
block each other. Twitter is now 31% above its first-day close of
$44.90 back on November 7.
Video game retailer
) was another solid performer, rising 3.7% after market research
firm NPD reported November gaming industry growth of 7%, with
strong demand for the new
) Xbox One and
) PlayStation 4 consoles.
Construction materials company Texas Industries (
) shot up 13.6% to $66.47, after media reports indicated the
company may put itself up for sale.
And software maker
) powered 12.8% to $60.89, following its fourth-quarter earnings
report, which showed skyrocketing demand for the company's Creative
Cloud software suite.
The action in the
(INDEXRUSSELL:RUT) was impressive relative to the other major
indices, outperforming with a 0.3% gain.
Energy stocks were weak, as crude oil and natural gas prices sold
(INSY) was a notable decliner today. The stock dropped 15.6% after
the company disclosed that it received a subpoena from the
Department of Health and Human Services related to its sales and
marketing of its Subsys drug.
In economics, November PPI rose 0.7%, which was slightly below the
0.8% consensus. Excluding food and energy, PPI rose 1.3%, which was
also below expectations by 0.1%.
Tomorrow's Financial Outlook
We'll kick off Monday with some fresh data at 8:30 a.m. EST -- Q3
productivity and unit labor costs, as well as the December Empire
Manufacturing report. At 9:00 a.m., October net long-term TIC Flows
will be released, followed by November Industrial Production and
Capacity Utilization at November at 9:15 a.m.
There are no major earnings reports scheduled for Monday. Traders
are likely to be looking forward to the Fed meeting on Wednesday,
which could provide some guidance into the future pace of QE. A
December 6 survey from Bloomberg News indicates that 34% of
economists believe the Fed will start tapering at the meeting.