MARKET ROUNDUP (Source Bloomberg)
S&P 500 Erases Earlier Loss as Housing Report Tempers HP; as an increase in housing starts tempered a tumble in Hewlett- Packard Co. (HPQ) shares. The S&P 500 (SPX) rose 0.1 percent to 1,387.82 at 4 p.m. New York time, after falling 0.7 percent earlier. It had rallied 2.5 percent over the previous two days. The Dow Jones Industrial Average slid 7.45 points, or 0.1 percent, to 12,788.51. Volume for exchange-listed stocks in the U.S. was 5.6 billion shares, or 7.8 percent below the three-month daily average.
European Stocks Gain Amid Speculation of Greek Aid Deal; amid speculation the region’s finance ministers will agree on a Greek financing deal and optimism Israelis and Palestinians will sign up to a cease-fire in Gaza. France’s CAC 40 and Germany’s DAX climbed 0.7 percent, while the U.K.’s FTSE 100 Index increased 0.2 percent.
Oil Falls on Signs Gaza Cease-Fire Imminent; as Hamas said a draft accord for a cease-fire that would end fighting between Israel and Palestinian groups in the Gaza Strip is almost ready. Crude oil for January delivery declined $2.53 to settle at $86.75 a barrel on the New York Mercantile Exchange. It was the biggest decrease since Nov. 7. The contract surged to $89.28 yesterday, the highest settlement since Oct. 19. Prices have dropped 12 percent this year.
S&P 500 Erases Earlier Loss as Housing Report Tempers HP; as an increase in housing starts tempered a tumble in Hewlett- Packard Co. (HPQ) shares. The S&P 500 (SPX) rose 0.1 percent to 1,387.82 at 4 p.m. New York time, after falling 0.7 percent earlier. It had rallied 2.5 percent over the previous two days. The Dow Jones Industrial Average slid 7.45 points, or 0.1 percent, to 12,788.51. Volume for exchange-listed stocks in the U.S. was 5.6 billion shares, or 7.8 percent below the three-month daily average.
European Stocks Gain Amid Speculation of Greek Aid Deal; amid speculation the region’s finance ministers will agree on a Greek financing deal and optimism Israelis and Palestinians will sign up to a cease-fire in Gaza. France’s CAC 40 and Germany’s DAX climbed 0.7 percent, while the U.K.’s FTSE 100 Index increased 0.2 percent.
Oil Falls on Signs Gaza Cease-Fire Imminent; as Hamas said a draft accord for a cease-fire that would end fighting between Israel and Palestinian groups in the Gaza Strip is almost ready. Crude oil for January delivery declined $2.53 to settle at $86.75 a barrel on the New York Mercantile Exchange. It was the biggest decrease since Nov. 7. The contract surged to $89.28 yesterday, the highest settlement since Oct. 19. Prices have dropped 12 percent this year.
Source:Jupiter Securities Research, 21 November 2012
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