Stocks Surge; Goldman Sachs, Wal-Mart Set the Tone

• November 13, 2007
• TradingMarkets Editors

Stocks surged on Wednesday, ending a four day slump, as positive news from Goldman Sachs, and higher profit at Wal-Mart, helped to raise investor sentiment. However, the market was deeply oversold, as our daily Market Bias indicators showed.

Goldman Sachs
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Meanwhile, Bank of America
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Wal-Mart
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Home Depot
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Adobe Systems
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Apple
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Market Snapshot

Dow 319.54 13307.09 NASDAQ 89.52 2673.65 S&P 500 41.87 1481.05   NYSE NASDAQ Volume 1,657,057,090 2,662,850,738 Up Volume 1,540,969,370 2,404,485,717 Down Volume 113,002,670 225,489,010 Advances 2703 2121 Declines 589 866 New Highs 21 38 New Lows 180 165

Strongest/Weakest Industry Groups

Strongest Industries % Change Weakest Industries % Change Recreational Goods, Other +12.60% Building Materials Wholesale -2.03% Personal Computers +9.20% Long-Term Care Facilities -0.64% Non-metallic Mineral Mining +8.02% Drugs – Generic -0.39%

Economic News

Treasury Budget (Oct): Actual -$55.6 Billion, Consensus -$59.0 Billion Pending Home Sales (Sep): Actual 0.2%, Consensus -2.5%