Stocks Rise After Bernanke Speech

S&P leads major indices gaining 0.3%. Crude oil futures trade higher by 1.1% to $60.97.

The VIX (CBOE Volatility Index) closed last Tuesday at 9.90, its lowest level since December of 1993.  For more information on how to use the VIX,click here.

Stocks on the Move

YouTube Says Its Video Entertainment Service Will Be Available On Mobile Devices In Early December (full story).  GOOG shares close higher by 1%, while VOD and VZ shares move higher by 0.4%.

Barclays
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Sees FY06 Results In Line With Market Consensus (full story).  BCS shares fall by 0.7%.

Jackson Hewitt
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Q2 Net Loss Widens On Fall In Revenues (full story).  JTX shares fall by 1.5%.

SL Green Realty
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Upgraded by UBS from Neutral to Buy.  SLG shares rise by over 2%.

Quiksilver Resources
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Upgraded by Goldman Sachs from Neutral to Buy.  KWK shares jump by 5.25%.

New York Times
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Downgraded by Citigroup from Hold to Sell.  NYT shares drop nearly 3%.

For more stories as they happen, go to our Breaking News section.

Market Snapshot

Dow

+14.66

12,136.37

NASDAQ

+6.69

2,412.61

S&P 500

+4.82 1,386.72

NYSE

NASDAQ

Volume

2,603,806,000

1,928,720,000

Advances

2089

1542

Declines

1170

1531

Up Volume

1473

939

Down Volume

854

856

New Highs

135

71

New Lows

24

51

Strongest/Weakest Sectors

Strongest Sectors

Weakest Sectors

Deutsche Bank Energy Index (DXE)

S&P Retail Index (RLX)
Amex Natural Gas Index (XNG) Nasdaq Transportation Index (TRANX)
PHLX Oil Services Sector Index (OSX) Morgan Stanley Healthcare Providers Index (RXH)

Economic News

Durable goods orders fell a larger than expected 8.3% in October (consensus -5.0%)

Consumer Confidence 102.9 vs 106.0 consensus

Existing Home Sales 6.24 mln vs 6.14 mln consensus

Darren Wong
darrenw@tradingmarkets.com

Use our most popular trading tool to find out how your stocks will move in the next 5 days.


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