All three major U.S. indices have pared earlier gains, as this morning's rally begins to fizzle in afternoon trading.
Economic Reports:
Dell Inc. reports 3rd-qtr earnings of $0.37/share, approximately $0.06 better than analysts were expecting - Full story.
Gap Inc. reports 3rd-qtr earnings of $0.35/share, up from $0.30/share in the same qtr last year - Full story.
AnnTaylor Stores Corp. reports 3rd-qtr earnings were at a break-even level, down from $0.67/diluted share in the prior year period - Full story.
Foot Locker, Inc. reports 3rd-qtr net income of $0.16/share, up from a net loss of $0.22/share in the year ago period - Full story.
Hibbett Sports, Inc. reports 3rd-qtr earnings of $0.26/diluted share, slightly up from $0.25/share in the same period last year - Full story.
The J. M. Smucker Co. reports fiscal 2nd-qtr net income of $0.94/share, up from $0.87/share in the year ago qtr - Full story.
Fannie Mae and Freddie Mac announce that they will suspend foreclosure activities on about 16,000 U.S. households over the holidays - Full story.
The Bank of New York Mellon Corp. will cut approximately 4% of its workforce, or about 1,800 jobs, to help combat the weak global economy - Full story.
Major world indices have posted mixed results for Friday. London's FTSE was down 2.43%, Frankfurt's DAX
closed down 2.20%, and Paris' CAC
finished down 3.33%. Japan's Nikkei was up 2.70%, Hong Kong's Hang
Seng closed up 2.93%, and
Sydney's All Ordinaries Index finished up 1.63%.
Economic Calendar:
Mon: Existing Home Sales;
Tues: Chain Deflator (Prel), GDP (Prel), and Consumer Confidence;
Wed: Durable Orders, Initial Jobless Claims, Personal Income, Personal Spending, Chicago PMI, Michigan Sentiment (Rev), and New Home Sales;
Thurs: Market Closed for Holiday;
Fri: No Reports Today.
Aaron Jacobs - News Editor
aaron.jacobs@mworld.com
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| | Market Overview (11/21/2008 03:44 PM ET) | | Trading Volume(mil): | | NYSE: 1756 | | NASDAQ: 2681 |
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| | Key Indicators | | | World Markets: | | Amsterdam EOE | 222.9 | -4.9 | Fri 12:07 | | Brazil Bovespa | 31,213.8 | -2,190.8 | Fri 15:11 | | Frankfurt DAX | 4,127.4 | -92.8 | Fri 11:45 | | FTSE™ 100 | 3,777.3 | -97.7 | Fri 11:29 | | Hang Seng | 12,659.2 | +360.6 | Fri 03:21 | | Madrid General | 854.2 | -2.2 | Fri 11:39 | | Mexican IPC | 18,175.2 | -15.5 | Fri 15:34 | | Milan Stock Exchange | 14,513.0 | -455.0 | Fri 11:48 | | Nikkei Dow | 7,910.8 | +207.8 | Fri 01:38 | | Paris CAC 40 | 2,881.3 | -99.2 | Fri 12:11 | | Seoul Composite | 1,003.7 | +55.0 | Fri 02:25 | | Shanghai Composite | 1,969.4 | -14.4 | Fri 02:00 | | Stockholm General | 176.5 | -5.2 | Fri 11:45 | | Straits Times | 1,662.1 | +48.1 | Fri 04:10 | | Swiss Zurich | 5,135.6 | -170.6 | Fri 11:30 | | Sydney All Ord | 3,386.9 | +54.3 | Fri 01:39 | | Toronto Exchg | 8,014.0 | +290.0 | Fri 15:40 |
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