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MARKETS SNAPSHOT FOR 01/12/11

Friday, 02 December 2011 | 00:00
DJ30 PointChange: -25.65 Level: 12020.03 NASDAQ PointChange: +5.86 Level: 2626.20 NQ100 PercentChange: +0.6 R2K PercentChange: -0.9 SP400 PercentChange: -0.6 SP500 PointChange: -2.38 Level: 1244.58 NASDAQ-Adv:927 Dec: 1599 NYSE-Adv:1203 Dec: 1812 [BRIEFING.COM] The major equity averages finished mixed as market participants opted to take a break from the action after stocks had rallied more than 7% during the course of the three previous sessions. Today's headlines weren't enough to motivate a follow-up effort.

The ISM Manufacturing Index improved in November to 52.7 from 50.8 in the prior month. Moreover, it exceeded the expected reading of 51.0. In contrast, China's PMI Manufacturing figure decreased to 49.0 in November from 50.4 in October. The eurozone's reading for November stayed at 46.4.

Domestic construction spending increased by 0.8% in October, besting the 0.3% increase that had been broadly expected.

Weekly initial jobless claims increased from an upwardly revised 396,000 to 402,000 in the face of calls for a total of 390,000 initial claims.

Retailers and auto makers came into closer focus today. Retailers offered up their latest same-store sales results, which proved relatively uninspiring. However, Aeropostale (ARO 16.19, +0.68) fought off a weak start that was owed to the apparel retailer's disappointing forecast. Even Guess? (GES 29.61, +1.49) scored a strong gain after traders dismissed its downside forecast.

Auto makers had a mixed session amid monthly U.S. sales numbers. General Motors (GM 20.96, -0.33) posted a 7% year-over-year increase in U.S. sales for November, while Ford (F 10.59, -0.01) offered up a 13% increase from the prior year. Toyota Motor (TM 65.72, -0.19) had an increase of little more than 2%.

Advancing Sectors: Tech +0.6%, Health Care +0.1%
Unchanged: Consumer Discretionary
Declining Sectors: Utilities -0.2%, Industrials -0.2%, Consumer Staples -0.3%, Telecom -0.4%, Materials -0.6%, Energy -0.7%, Financials -1.0%

Source: Briefing

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