Stocks Slip After Month-End Runup

• December 3, 2007
• TradingMarkets Editors

Stocks declined on Monday, after last week’s strong performance. Earlier today, the November ISM’s Manufacturing Index continued to decline, although it remained above 50, indicating economic expansion.

VeriFone Holdings
(
PAY |
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PowerRating) shares plunged after the company announced it will have to restate its quarterly results for 2007.

Financial stocks are under pressure, with Fannie Mae, Freddie Mac, MBIA, and Countrywide Financial all retreated, while E*Trade Financial
(
ETFC |
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PowerRating) fell more than 10% after the stock was downgraded to “sell” by Banc Of America.

In Europe, two of Germany’s largest banks announced $15 billion bailouts for troubled SIVs.

Activision
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ACTI |
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PowerRating) is among today’s best performers after Vivendi announced plans to merge the company with its Blizzard gaming unit. ACTI shares gained more than 12%.

Market Snapshot

Dow -57.15 13314.57 NASDAQ -25.83 2637.13 S&P 500 -8.72 1472.42   NYSE NASDAQ Volume 1,331,137,720 1,993,445,148 Up Volume 449,931,960 665,577,467 Down Volume 869,924,860 1,303,393,666 Advances 1349 990 Declines 1921 1990 New Highs 98 104 New Lows 275 330

Strongest/Weakest Industry Groups

Strongest Industries % Change Weakest Industries % Change Non-metallic Mineral Mining +2.70% Business Equipment -5.19% Foreign Money Center Banks +2.65% Gaming Activities -4.66% Agricultural Chemicals +2.30% Mortgage Investment -4.50%

Economic News

ISM Manufacturing Index (Nov): Actual 50.8, Consensus 50.5