EmailStock Market Update
Market Snapshot
| Dow | 12962.65 | -2.95 | (-0.02%) |
| Nasdaq | 2985.60 | -16.60 | (-0.55%) |
| SP 500 | 1405.67 | -3.79 | (-0.27%) |
| 10-yr Note | +4/32 | 1.612 | |
| NYSE | Adv 1210 | Dec 1657 | Vol 182.1 mln |
| Nasdaq | Adv 930 | Dec 1395 | Vol 589.5 mln |
Industry Watch
| Strong: Energy, Financials, Telecoms |
| Weak: Materials, Technology |
Moving the Market
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Weekly MBA Mortgage Index: +4.5% current, -0.9% prior November ADP Employment: +118K actual, +125K Briefing.com consensus Third quarter productivity: +2.9% actual, +2.7% Briefing.com consensus, +1.9% prior Unit labor costs: -1.9% actual, -0.8% Briefing.com consensus, -0.1% prior October factory orders: +0.8% actual, -0.1% Briefing.com consensus, -4.8% prior November ISM Services: 54.7 actual, 53.7 Briefing.com consensus, 54.2 prior |
Discretionary Stocks Trailing Broader Market
04-Dec-12 11:35 ET
Dow -2.95
at 12962.65,
Nasdaq -16.60
at 2985.60,
S&P -3.79
at 1405.67
[BRIEFING.COM] The S&P 500 has marked a fresh session low and the index is now off by 0.3%.
The consumer discretionary sector is seeing the biggest weakness as weak guidance from Darden Restaurants (DRI 47.24, -5.18) weighs on the space.
Additionally, high-end retailers are trading lower. Coach (COH 56.95, -1.25), Ralph Lauren (RL 154.79, -2.67), and Movado Group (MOV 33.04, -0.68) are all down near 2.0%.
Elsewhere, auto parts store operators AutoZone (AZO 364.02, -13.99) and Pep Boys (PBY 9.35, -1.32) are seeing respective losses of 3.7% and 12.5% after reporting disappointing earnings.
Lastly, Chinese ADRs are under pressure after the Securities and Exchange Commission announced charges against the Chinese affiliates of Big 4 accounting firms. The charges raise concern about the quality of financial statements of U.S.-listed Chinese stocks. Casino operators Asia Entertainment (AERL 3.10, -0.27) and Melco Crown Entertainment (MPEL 14.29, -1.08) are both down near 7.5%.
The consumer discretionary sector is seeing the biggest weakness as weak guidance from Darden Restaurants (DRI 47.24, -5.18) weighs on the space.
Additionally, high-end retailers are trading lower. Coach (COH 56.95, -1.25), Ralph Lauren (RL 154.79, -2.67), and Movado Group (MOV 33.04, -0.68) are all down near 2.0%.
Elsewhere, auto parts store operators AutoZone (AZO 364.02, -13.99) and Pep Boys (PBY 9.35, -1.32) are seeing respective losses of 3.7% and 12.5% after reporting disappointing earnings.
Lastly, Chinese ADRs are under pressure after the Securities and Exchange Commission announced charges against the Chinese affiliates of Big 4 accounting firms. The charges raise concern about the quality of financial statements of U.S.-listed Chinese stocks. Casino operators Asia Entertainment (AERL 3.10, -0.27) and Melco Crown Entertainment (MPEL 14.29, -1.08) are both down near 7.5%.
