9:53 PM
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4:15 pm : Equities started the day in the black following the release of November nonfarm payrolls, which revealed an addition of 146,000 jobs.
However, the optimism was short-lived and stocks surrendered their early gains after the preliminary reading of the December Michigan Sentiment fell short of estimates. The remainder of the session was relatively quiet as the S&P 500 traded near its unchanged line, the Nasdaq hovered near its lows, while the Dow spent the day climbing back to its highs. As a result, the benchmark S&P 500 index finished higher by 0.3%.
This morning, House Speaker Boehner and Minority Leader Pelosi both spoke before the media in Washington, but their message remained the same. During his remarks, Speaker Boehner said that no progress has been made in negotiations and the White House "has wasted another week." Meanwhile, Representative Pelosi reiterated that Democrats stand ready to extend Bush-era tax cuts for all but top 2% of earners.
Financials have outperformed after Wednesday's announcement from Citigroup (C 37.64, +0.62) indicated the company will dismiss more than 11,000 employees. Citigroup advanced 1.7% today and most majors saw comparable gains. However,Goldman Sachs (GS 116.57, -0.63) and Wells Fargo (WFC 33.23, +0.09) missed out on the sector-wide rally. Earlier, the Commodity Futures Trading Commission ordered Goldman Sachs to pay a $1.5 million civil monetary penalty to settle charges stemming from failure to diligently supervise its employees in late 2007.
Although domestic financials advanced, their European counterparts were relatively weaker. Spain's Banco Santander (SAN 7.59, -0.05)
source: http://finance.yahoo.com
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However, the optimism was short-lived and stocks surrendered their early gains after the preliminary reading of the December Michigan Sentiment fell short of estimates. The remainder of the session was relatively quiet as the S&P 500 traded near its unchanged line, the Nasdaq hovered near its lows, while the Dow spent the day climbing back to its highs. As a result, the benchmark S&P 500 index finished higher by 0.3%.
This morning, House Speaker Boehner and Minority Leader Pelosi both spoke before the media in Washington, but their message remained the same. During his remarks, Speaker Boehner said that no progress has been made in negotiations and the White House "has wasted another week." Meanwhile, Representative Pelosi reiterated that Democrats stand ready to extend Bush-era tax cuts for all but top 2% of earners.
Financials have outperformed after Wednesday's announcement from Citigroup (C 37.64, +0.62) indicated the company will dismiss more than 11,000 employees. Citigroup advanced 1.7% today and most majors saw comparable gains. However,Goldman Sachs (GS 116.57, -0.63) and Wells Fargo (WFC 33.23, +0.09) missed out on the sector-wide rally. Earlier, the Commodity Futures Trading Commission ordered Goldman Sachs to pay a $1.5 million civil monetary penalty to settle charges stemming from failure to diligently supervise its employees in late 2007.
Although domestic financials advanced, their European counterparts were relatively weaker. Spain's Banco Santander (SAN 7.59, -0.05)
source: http://finance.yahoo.com
please give me comments thanks
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