Email| Dow | 11003.15 | +63.20 | (0.58%) |
| Nasdaq | 2484.41 | +23.90 | (0.97%) |
| SP 500 | 1153.05 | +9.01 | (0.79%) |
| 10-yr Note | -30/32 | 2.00% | |
| NYSE | Adv 2240 | Dec 630 | Vol 275 mln |
| Nasdaq | Adv 1500 | Dec 800 | Vol 700 mln |
| Strong: computer and electronics retail; home improvement retail; hypermarkets and super centers; tobacco; health care facilities; semiconductors |
| Weak: wireless telecom; diversified financial services; investment banks and brokerages; regional banks; mortgage lenders and thrifts; life and health insurance; building products |
 |
Financials falter
Job gains for September exceed expectations; prior months see substantial upward revisions Moody's downgrades multiple UK banks and financial institutions Fitch downgrades Italy and Spain |
[BRIEFING.COM] The S&P 500 is back near its best level of the day, but it is having a relatively difficult time making much of a move beyond the 1150 line.
The dollar has dropped into negative territory after it had been bid higher in response to statements this morning from the European Central Bank and Bank of England. The sterling pound has since slashed its loss in half so that it trades 0.5% lower on the day at $1.539. Meanwhile, the euro has rallied from a morning loss to a 0.5% gain at $1.342. Germany's Chancellor, Angela Merkel, was recently reported to have stated that the dollar may give way to a multipolar system in time. This concept isn't necessarily anything new, though.
