US Stocks Finish Mixed - Dow Jones Up 14.21pts
October 28th, 2009 by Cale McCulloch
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 9882.17 | 14.21 | 0.1% |
| NASDAQ | 2116.09 | -25.76 | -1.2% |
| S P 500 | 1063.41 | -3.54 | -0.3% |
| FTSE 100 | 5200.97 | 9.23 | 0.2% |
| Nikkei 225 | 10212.46 | -150.16 | -1.4% |
| ASX 200 | 4,754 | -76.8 | -1.6% |
| COMEX Gold - Dec 09 | 1035.4 | -7.4 | -0.7% |
| COMEX Silver - Sep 09 | 16.54 | -0.555 | -3.2% |
| COMEX Copper - Sep 09 | 299.9 | -1.2 | -0.4% |
| WTI Spot | 79.55 | 0.87 | 1.1% |
| AUD-USD | 0.9166 | 0.001 | 0.1% |
| Aluminium | 1981 | 7 | 0.4% |
| Copper | 6563 | -112.5 | -1.7% |
| Lead | 2305 | -71 | -3.0% |
| Nickel | 18900 | -250 | -1.3% |
| Tin | 15510 | 10 | 0.1% |
| Zinc | 2320 | -11 | -0.5% |
U.S stocks finished the overnight session mixed with strong gains from energy stocks lifting the Dow Jones but a surprise drop in consumer confidence and sell off in technology and bank shares dragging the NASDAQ and S&P 500 lower. The Dow Jones Industrial Average rose 14.21 points or .14% to 9882.17.
Australian stocks are set to open fairly flat on Wednesday, with weaker-than-expected consumer confidence data in the United States seen pressuring companies with big U.S. earnings such as Westfield Group (WDC) . Look for the XJO to find support around 4700-4750 for a move back towards recent highs over the next couple of trading sessions.
Company News
Top lender National Australia Bank Ltd ( NAB) reported an 8 percent rise in its second-half earnings, slightly better than expected. However full year net profit fell 43%, as rising bad debt and one- time tax and legal charge offset higher revenues. Furthermore the bank declared a final dividend of 73 cents a shares, down from 97 cents last year.
Investors will also keep an eye on third-quarter inflation data due at 11:30 am, a key factor in the Reserve Bank of Australia's interest rate decision due next week.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
Disclaimer
The material in “Market Fox” (newsletter) is of a general nature only and neither purports nor is intended to be regarded as advice. No consideration has been given or will be given to your investment objectives, financial situation or needs. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk. Not all risks can be or will be explained in the newsletter. Previous results are no indication of future results. Actual results achieved in the market can vary considerably. The Directors and Representatives of Freeman Fox Ltd and their associates may hold securities in the companies presented.
The research made available in this newsletter is for your private use only and it is protected by applicable copyright laws and other applicable intellectual property right laws. You may not reproduce, distribute, disseminate, broadcast, sell, publish, circulate or give for free, any of the materials made available to you in this newsletter without first seeking the prior written consent of Freeman Fox Ltd.
Freeman Fox Ltd is not required to update any of the content made available in this newsletter, including but not limited to any research commentary, forecasts, recommendations or other analysis in this newsletter. Therefore, for the avoidance of any doubt, material made available in this newsletter may not be accurate after the date of publication or the date on which it is displayed in the newsletter.
To the extent permitted by law, Freeman Fox Ltd and their respective directors, officers, employees, contractors and agents disclaim all responsibility to you for any loss, liability, claim, expense (including but not limited to legal costs and resultant defence or settlement costs) or damage whatsoever, whether direct, consequential, special, incidental, punitive or indirect (including but not limited to loss of profits, trading losses and damages that result from delay, loss or inconvenience) arising out of or in connection with the content of the newsletter and/or any omissions from the content whether in contract, tort (including negligence), statute or otherwise and even if Freeman Fox Ltd has been advised of the possibility of such damage or loss.
If you require assistance in relation to your personal investment situation, contact an authorised representative of Freeman Fox Ltd.