Stocks Surge as Good News Flows from Middle East

• November 27, 2007
• Ashton Dorkins

Stocks surged 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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Meanwhile, Dubai International Capital said it made a “substantial” investment in Sony
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Staples
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Activision
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Jackson Hewitt
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Crude oil dropped more than $3 per barrel, closing at $94.34, after Saudi Arabia increased production.

Market Snapshot

Dow 215.00 12958.44 NASDAQ 39.81 2580.80 S&P 500 21.01 1428.23   NYSE NASDAQ Volume 1,653,409,350 2,193,653,143 Up Volume 1,237,684,470 1,736,463,177 Down Volume 399,242,180 433,128,907 Advances 2211 1673 Declines 1078 1309 New Highs 20 19 New Lows 350 262

Strongest/Weakest Industry Groups

Strongest Industries % Change Weakest Industries % Change Pollution & Treatment Controls +7.22% Diagnostic Substances -9.58% Foreign Money Center Banks +6.10% Jewelry Stores -4.03% Technical & System Software +4.24% Recreational Goods, Other -2.63%

Economic News

Consumer Confidence (Nov): Actual 87.3, Consensus 91.5