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Current DateTime: 03:46:49 01 Dec 2009
LinksList Documentid: 23371764
    • Dubai Stocks Could Fall a Further 30%: Charts

        The Dubai stock markets were roiled this week following news that the country needs a deadline extension to its debts totaling $60 billion. The good news is that the benchmark DFM index will likely find support at 1,900, according to analysis of its past trading patterns. The downside, however, is that the index could easily fall to 1,300, if the emirate's debt problems are not contained.

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Current DateTime: 03:46:50 01 Dec 2009
LinksList Documentid: 30111251
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Nov.28
1:59 PM ET

The markets closed out a negative and volatile month with a very positive Thanksgiving week.  The S&P 500 led the way up over 12% for the week, followed by the NASDAQ up almost 11% and the Dow up almost 10% during the same period.
**The Dow and S&P have had the best five-day gain since 1933 with the Dow up over 17% and the S&P up over 19% in the last five trading sessions.

Top constituent performers:
-JPMorgan
[JPM  Loading...      ()   ] rebounded this week, and had the most positive impact on the Dow & the S&P 500, up over 39%, erasing last week's losses.
-Johnson & Johnson [JNJ  Loading...      ()   ] had the least positive impact on the Dow, up only 0.39% for the week.
  *All 30 Dow components were positive for the week
  *21 out of 30 Dow components were negative for the month of November, led by Citi down almost 40% even though it was up almost 120% for the week
-Campbell Soup [CPB  Loading...      ()   ] had the most negative impact on the S&P 500, down almost 12% for the week.
-Google [GOOG  Loading...      ()   ]  had the most positive impact on the NASDAQ 100, up almost 12% for the week
-Oracle [ORCL  Loading...      ()   ] had the most negative impact on the NASDAQ 100, down almost 2% for the week.


All the S&P 500 sectors were positive for the week led by Financials up over 31%. Utilities brought up the rear, up only about 5% for the week.
  *For the month of November, the majority of sectors were negative, led by Financials down almost 19% for the month
Financials were helped by Citigroup [C  Loading...      ()   ] up almost 120% for the week, however for the month, Citi is still down over 40%
Utilities were dragged down by Entergy [ETR  Loading...      ()   ] down almost 1% for the week


Crude Oil for January delivery settled at $54.43 per barrel as traders closely watch the OPEC meeting on Saturday in Cairo. Oil closes up over 9% for the week, but is still down over 20% in the month of November. Year-to-date Oil is down over 43%.
The AAA current national average for regular gas is $1.835 per gallon down 40.73% from a year ago when the average was $3.096 per gallon.


The dollar index was poised for its fifth monthly gain, up about 1% in November; however, it was down nearly 2% this week.

© 2009 CNBC.com

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