Stocks Mixed; Financials Rise on Possible Government Help

  • November 30, 2007
  • Ashton Dorkins

Stocks are mixed on Friday, with the Dow and S&P 500 higher, while the Nasdaq is lower. Once again, financial stocks are leading the advance, after the Bush administration put together a plan aimed at saving the sub-prime home loan market.

In today’s economic news, Construction Spending, Persoanl Income and Personal Spending all fell more than expected.

Tiffany & Co.
(
TIF |
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Chart |
News |
PowerRating) reported third quarter profit more than tripled and raised its full-year outlook (read more).

Dell
(
DELL |
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Chart |
News |
PowerRating) reported a 27% rise in Q3 profit on an 8.5% revenue increase.

J Crew
(
JCG |
Quote |
Chart |
News |
PowerRating)

Royal Bank Of Canada reported Q4 profit increased by 5% (read more).

Crude oil dropped below $90 per barrel, falling to the lowest price since late October.

Market Snapshot

Dow

 61.29 13373.02

NASDAQ

 -2.69 2665.44

S&P 500

 9.83 1479.55

  NYSE NASDAQ

Volume

 727,841,490 1,227,012,216

Up Volume

 545,050,820 602,203,733

Down Volume

 178,282,570 595,447,250

Advances

 2322 1709

Declines

 895 1147

New Highs

 66 50

New Lows

 38 54

Strongest/Weakest Industry Groups

Strongest Industries
% Change

Weakest Industries
% Change
Mortgage Investment
+10.19%
 Personal Computers
-4.60%
Residential Construction
+8.10%
 Silver
-3.31%
Surety & Title Insurance
+7.84%
 Diversified Communication Services
-2.47%


Economic
News

Personal Income (Oct): Actual 0.2%, Consensus 0.4%

Personal Spending (Oct): Actual 0.2%, Consensus 0.3%

Construction Spending (Oct): Actual -0.8%, Consensus -0.2%