S & P 500 Index
The Standard & Poor's 500 Index rose in a three-day trading week, as the market reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888, and American voters prepared to choose a president. Equities retreated on the last day of the week as a better- than-forecast payrolls report failed to keep technology and commodity shares from slumping. Visa Inc. (V) and General Motors Co. (GM) climbed at least 3.6 percent as earnings beat projections. Macy's Inc. rallied 5.5 percent after raising its sales forecast. Apple Inc. (AAPL) sank 4.5 percent, capping a sixth weekly decline, the longest losing streak since October 2008. The S&P 500 rose 0.2 percent to 1,414.20 for the week. The Dow Jones Industrial Average slid 14.05 points, or 0.1 percent, to 13,093.16. The equity market was closed Oct. 29 and 30. You have the hurricane, the election, the employment report and the earnings numbers all impacting the market, David Sowerby, a fund manager at Boston-based Loomis Sayles & Co., said in a telephone interview. His firm oversees about $175 billion. Earnings continue to surprise on the upside. We've had a slight improvement in manufacturing. That's favorable for stocks. The S&P 500 gained as 71 percent of companies that released quarterly results have beaten analysts estimates, according to data compiled by Bloomberg. Reports showing better-than-forecast manufacturing data and a surge in consumer confidence gave benchmark indexes their biggest gains in seven weeks on Nov. 1. Hiring in the U.S. increased more than forecast in October as employers looked past slowing global growth and political gridlock at home.
The Standard & Poor's 500 Index rose in a three-day trading week, as the market reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888, and American voters prepared to choose a president. Equities retreated on the last day of the week as a better- than-forecast payrolls report failed to keep technology and commodity shares from slumping. Visa Inc. (V) and General Motors Co. (GM) climbed at least 3.6 percent as earnings beat projections. Macy's Inc. rallied 5.5 percent after raising its sales forecast. Apple Inc. (AAPL) sank 4.5 percent, capping a sixth weekly decline, the longest losing streak since October 2008. The S&P 500 rose 0.2 percent to 1,414.20 for the week. The Dow Jones Industrial Average slid 14.05 points, or 0.1 percent, to 13,093.16. The equity market was closed Oct. 29 and 30. You have the hurricane, the election, the employment report and the earnings numbers all impacting the market, David Sowerby, a fund manager at Boston-based Loomis Sayles & Co., said in a telephone interview. His firm oversees about $175 billion. Earnings continue to surprise on the upside. We've had a slight improvement in manufacturing. That's favorable for stocks. The S&P 500 gained as 71 percent of companies that released quarterly results have beaten analysts estimates, according to data compiled by Bloomberg. Reports showing better-than-forecast manufacturing data and a surge in consumer confidence gave benchmark indexes their biggest gains in seven weeks on Nov. 1. Hiring in the U.S. increased more than forecast in October as employers looked past slowing global growth and political gridlock at home.
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1397.00
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1422.75
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1388.00
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1440.00
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1466.00
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