Thursday, November 1, 2012

S & P 500 Index Analysis 01-11-2012

S & P 500 Index

The S&P 500 rose less than 0.1 percent from Friday's close to 1,412.16 at 4 p.m. in New York, after falling as much as 0.4 percent. The gauge declined 2 percent in October after four straight months of gains. The Dow Jones Industrial Average lost 10.75 points, or 0.1 percent, to 13,096.46 today. Almost three stocks rose for every two that fell on U.S. exchanges, as volume was about 6.31 billion shares, or 5.7 percent above the three- month average. Today, traders are more heightened to a flash crash more than any day prior, Rick Fier, director of equity trading at Conifer Securities LLC in New York, said in a phone interview. His firm oversees $8 billion in assets. Nobody cares about if the market goes up or down. You just want to make sure the market is functioning properly. Most U.S. stocks rose, with the Standard & Poor's 500 Index reversing an earlier loss, as equity markets in the world's largest economy reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888. Home Depot Inc. (HD) and Lowe's Cos. added at least 2.2 percent amid speculation the home-improvement retailers would be helped by spending related to the storm. General Motors Co. rallied 9.5 percent after reporting third-quarter profit that surpassed analysts estimates. Apple Inc. (AAPL) dropped 1.4 percent after Chief Executive Officer Tim Cook embarked on a sweeping management overhaul at the world's most valuable company.


 
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