US Stocks Mixed Overnight
November 11th, 2009 by Lawrence Grasso
Closing Data
| Current | Change | % | |
|---|---|---|---|
| Dow Jones | 10246.97 | 20.03 | 0.2% |
| NASDAQ | 2151.08 | -2.98 | -0.1% |
| S P 500 | 1093.01 | -0.07 | -0.0% |
| FTSE 100 | 5230.55 | -4.63 | -0.1% |
| Nikkei 225 | 9870.73 | 61.74 | 0.6% |
| ASX 200 | 4,734 | 58.6 | 1.3% |
| COMEX Gold - Dec 09 | 1102.5 | 1.1 | 0.1% |
| COMEX Silver - Sep 09 | 17.222 | -0.258 | -1.5% |
| COMEX Copper - Sep 09 | 296.15 | -0.6 | -0.2% |
| WTI Spot | 79.42 | 0.18 | 0.2% |
| AUD-USD | 0.9309 | 0.0012 | 0.1% |
| Aluminium | 1896 | 9 | 0.5% |
| Copper | 6565 | 33 | 0.5% |
| Lead | 2278 | -42 | -1.8% |
| Nickel | 17430 | -375 | -2.1% |
| Tin | 15050 | 75 | 0.5% |
| Zinc | 2188.5 | 20.5 | 0.9% |
Stocks on Wall street were mixed overnight as the broader market was weighed by weakness in Boeing and other Industrials, but a rally from Bank of America and American Express helped Dow finish up 20.03 points or .2% to 10246.97. U.S analyst’s expectations are that equities will remain volatile until the end of the year.
On the local front Australian stocks are set for a steady start on Wednesday, with investors looking for China to give some direction to the market after Wall Street ended flat. China, Australia's biggest trading partner, is due to issue a string of major economic data, including industrial production, around 12 today.
Australian resource stocks may struggle after oil and copper prices fell overnight. Look for a rather flat open on the majors with more direction in the afternoon. For clients thinking about selling calls over their holdings contact your broker today and ask about selling out to December as it is a short expiry (17 Dec) and this may be a better option. With the market pausing today this maybe a good opportunity to set the portfolio up for a Christmas rally.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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