Thursday, December 29, 2011

Stock Market Bullets December 29, 2011


Stock market highlights for the day:
  • Concern over Europe again! Sovereign debt crisis fear.
  • Last trading day of the year tomorrow
  • 10 year Italian bond yields at dangerous levels (7%)
  • Pending sales of existing US homes at 1.5 yr high
  • Factory activity grows in US midwest
  • Banks and commodity sectors gain
  • Initial claims for jobless benefits more than expected
  • December payrolls report coming next week
  • Amazon falls and affects Nasdaq index.

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