News Headline Summary

US EQUITY WRAP

US equity markets managed to finish the day in the green, but nevertheless down considerably on the week as US fiscal cliff concerns dominate proceedings. The expectation beating Michigan confidence reading supported equities with technology stocks outperforming. This was led by Apple rebounding of multi-month lows which have were brought on by supply concerns. Elsewhere, JC Penny were heavily weighed by a disastrous earnings report and opened the day lower 9% but slowly clawed this back to finish down 5%. Finally, the DJIA finished up 0.03% at 12815.24 the S&P 500 finished up 0.17% at 1379.85 and the NASDAQ 100 finished up 0.45% at 2584.10.

09 Nov 2012 - 21:11 - Equities - Source: RANsquawk

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