Late Rally Lifts Dow, S&P 500

• December 13, 2007
• Ashton Dorkins

An afternoon surge took the Dow and S&P 500 into positive territory, but left the Nasdaq slightly lower. Earlier in the day, positive retail sales and jobless claims data, was offset by the largest jump in producer prices in 34 years.

Shares of Lehman Brothers
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PowerRating) declined after the company reported fourth quarter earnings above analyst estimates (read more).

Costco Wholesale
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Dow Chemical
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Biogen Idec
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Ciena
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Washington Mutual
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Market Snapshot

Dow 44.06 13517.96 NASDAQ -2.65 2668.49 S&P 500 1.82 1488.41   NYSE NASDAQ Volume 1,462,793,690 2,135,577,197 Up Volume 529,582,330 888,606,246 Down Volume 921,840,460 1,218,841,613 Advances 1067 1210 Declines 2098 1737 New Highs 26 29 New Lows 162 169

Strongest/Weakest Industry Groups

Strongest Industries % Change Weakest Industries % Change Chemicals – Major Diversified +3.06% Money Center Banks -6.76% Diversified Utilities +1.43% Silver -5.07% Agricultural Chemicals +1.27% Toy & Hobby Stores -3.10%

Economic News

Retail Sales (Nov): Actual 1.2%, Consensus 0.6% Initial Claims (12/08): Actual 333K, Consensus 335K Business Inventories (Oct): Actual 0.1%, Consensus 0.3% PPI (Nov): Actual 3.2%, Consensus 1.5%