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Stocks ended the day on the downside with more deals and earnings news driving the momentum on Wall Street today. All three major indexes closed down fractionally. The Dow Jones Industrial Average traded in a narrow range of about 40 points. More from Mary Thompson, CNBC’s “Eye on the Floor.”
Both the Dow Jones Industrial Average and the S&P 500 ended the day higher – with the Dow setting another record, closing up 30 points and the S&P up 3 – all this despite worrisome economic data coming in the form of a rise in wholesale prices and a decline in housing permits. The NASDAQ couldn’t keep up, falling 6 points on continued weakness in the technology sector.
Stocks closed mostly higher as investors shrugged off the latest inflation news and energy shares rallied on strength in crude prices.
The bulls caught their breath today after a run-up last week. All major indexes ended the day in the red. The Dow Jones Industrial Average closed slightly lower today by 4 points, even as two of its biggest components – General Electric and Citigroup – surged with both stocks hitting highs (Citigroup closed at an all-time high, GE at a 52-week high). The Nasdaq and S&P 500 also faced selling pressure, closing down 22 and 5 points, respectively.
U.S. stocks moved higher after the November CPI report took investors by surprise – showing that consumer prices were unchanged for the month (an increase was expected). CNBC’s Mary Thompson had her “Eye on the Floor” of the NYSE on the last day of the trading week...
U.S. stocks surged Thursday, driving the Dow industrials to a record close on strong earnings from brokerages and other companies and an improving outlook for the U.S. economy.
The bulls made a run on Wall Street today with the Dow Jones Industrial Average making a 100-point push to set a new record close - ending the day above 12,400 for the first time. CNBC’s Melissa Lee had her “Eye on the Floor” during a busy trading day.
Stocks closed slightly higher after giving back big gains from an early session surge.
Chief executives at some of the nation’s top companies expect slow but steady growth in the first half of 2007, according to the Business Roundtable’s fourth quarter 2006 survey.
A strong November payrolls report and weakness in consumer sentiment caused stocks to see-saw through much of the day. Analysts believe this volatility likely will continue.
Stocks fell after trading in a narrow range all day while investors waited for Friday’s jobs report, the last key economic indicator before next week's Federal Reserve meeting.
The major market indexes took a breather today – all closing modestly lower - in spite of a strong ADP report showing an extra 158,000 jobs added in the private sector in November. Mary Thompson sorted out the market activity – she’s CNBC’s “Eye on the Floor.” Investors are now looking to the jobs report to create some movement in the markets. That’s due out Friday.