Stocks Rally, Citigroup Receives Cash Injection

Stocks are rallying on Tuesday, boosted by the news of large investments from the Middle East.

The Abu Dhabi Investment Authority invested $7.5 billion in Citigroup
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(read more).

Meanwhile, Dubai International Capital said it made a “substantial” investment in Sony
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.

Staples
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reported Q3 earnings above estimates, generating praise from analysts (read more).

Activision
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raised its Q3 and full-year outlook on strong holiday sales (read more).

Jackson Hewitt
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reported a wider Q2 loss than a year ago on declining revenue (read more).

Crude oil dropped more than $2 per barrel, to $94.90, after Saudi Arabia increased production.

Market Snapshot

Dow

188.26 12931.70

NASDAQ

31.10 2572.09

S&P 500

13.92 1421.14

  NYSE NASDAQ

Volume

685,796,100 1,018,851,633

Up Volume

441,756,500 777,446,499

Down Volume

236,685,090 229,858,875

Advances

1969 1570

Declines

1236 1252

New Highs

16 15

New Lows

272 186

Strongest/Weakest Industry Groups

Strongest Industries

% Change

Weakest Industries

% Change
Pollution & Treatment Controls
+5.88%
Diagnostic Substances
-9.66%
Foreign Money Center Banks
+5.02%
Recreational Goods, Other
-4.12%
Technical & System Software
+3.92%
Jewelry Stores
-3.77%


Economic
News

Consumer Confidence (Nov): Actual 87.3, Consensus 91.5

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