Stocks Close Mixed; Financials Lead, Techs Lag

• November 30, 2007
• TradingMarkets Editors

Stocks closed out the week with a mixed performance on Friday, with the Dow and S&P 500 closing higher, while the Nasdaq closed lower. Once again, financial stocks lead 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.
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PowerRating) reported third quarter profit more than tripled and raised its full-year outlook (read more).

Dell
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PowerRating) reported a 27% rise in Q3 profit on an 8.5% revenue increase.

J Crew
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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 59.99 13371.72 NASDAQ -7.17 2660.96 S&P 500 11.42 1481.14   NYSE NASDAQ Volume 1,925,892,600 2,544,480,769 Up Volume 1,424,384,650 1,043,467,821 Down Volume 487,637,950 1,476,608,442 Advances 2332 1625 Declines 957 1351 New Highs 74 56 New Lows 61 89

Strongest/Weakest Industry Groups

Strongest Industries % Change Weakest Industries % Change Mortgage Investment +15.22% Personal Computers -4.38% Residential Construction +8.63% Jewelry Stores -4.02% Surety & Title Insurance +8.02% Silver -2.71%

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%