MARKET ROUNDUP (Source Bloomberg) U.S. Stocks Fall as Google Results Pull Down Tech Shares; as Google Inc. pulled down technology shares after reporting thirdquarter profit and sales that missed estimates. The S&P 500 fell 0.2 percent to 1,457.34 at 4 p.m. in New York. The index gained as much as 0.2 percent earlier as a rise in jobless claims was offset by better-than-estimated data on leading indicators and Philadelphia manufacturing. The Dow Jones Industrial Average slid 8.06 points, or 0.1 percent, to 13,548.94 today. The Nasdaq- 100 Index tumbled 1.1 percent to 2,744.17. About 6.9 billion shares traded hands on U.S. exchanges, 14 percent above the threemonth average.
European Stocks Rise for a Fourth Day as EU Leaders Meet; as a measure of U.S. manufacturing beat estimates, while investors awaited the outcome of a two-day summit of the European Union's leaders. France's CAC 40 gained 0.2 percent and the U.K.'s FTSE 100 added 0.1 percent. Germany's DAX climbed 0.6 percent.
Oil Heads for Weekly Gain; TransCanada Shuts Keystone Pipeline- that transports oil from Canada to the midcontinent. Crude for November delivery was at $92.11 a barrel, up 1 cent, in electronic trading on the New York Mercantile Exchange at 9:09 a.m. in Tokyo. Prices are up 0.3 percent this week and down 6.8 percent this year. Futures prices in New York have changed less than 25 cents in each of the past five trading days, the longest streak of moves that small in more than a decade.
Source:Jupiter Securities Research, 19 October 2012
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....