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- What The Street Thinks of The Jobless Report
- Friday It's All About Jobs, Jobs, Jobs
- October Retail Sales—The Good, Bad and Ugly?
- When Good News = Good News
- Retail And Jobs Lift Mood
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It was hairy for a while.
After four days of declines in financials, we looked to be making it five down days in a row, but financials turned around in the middle of the day.
Remember, they have a tendency to sell off going into earnings season in the past year, and with good reason.
While stocks traded in a narrow range all day, there was a brief rally late in the day, partly on word that Senate Majority Leader Reid believes he has the necessary votes to approve the additional $350 billion of the TARP plan.
While financials have underperformed since the beginning of the year, energy stocks have outperformed (though most are still down); energy stocks were again market leaders today.
One weak spot: auto parts suppliers. Standard and Poors is continuing to lower its credit ratings on auto-parts suppliers, today lowering ratings on TRW [TRW
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], Lear [LEA
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], Dana [DAN
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] and Tenneco [TEN
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].
They had already lowered ratings on other suppliers like American Axle [AXL
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] on Monday.
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Questions? Comments?
- Wall Street Fears Dodd Bill
- Have Loan Losses Peaked for European Banks?
- Dow Industrials at New Highs—But Other Indices Lag
- Risk Trade Is Back On
- HMOs Up Despite Looming House Vote
- What The Street Thinks of The Jobless Report
- Friday It's All About Jobs, Jobs, Jobs
- October Retail Sales—The Good, Bad and Ugly?
- When Good News = Good News
- Retail And Jobs Lift Mood
Data is a real-time snapshot *Data is delayed at least 15 minutes