News Headline Summary

US EQUITY WRAP

US equity markets finished modestly higher after a ceasefire was declared in the conflict between Israel and Gaza and optimism regarding the fiscal cliff following positive comments from US politicians that they will work to find common ground. However the markets advance was moderated by the lack of a resolution to the hole in Greek finances to 2016. Low volumes also halted the move to the upside as investors prepare for the Thanksgiving holiday tomorrow. Markets derived little direction from mixed economic data with US Jobless data coming in line with estimates, US Leading Indicators above expectations and the University of Michigan Confidence worse than expected. Elsewhere Salesforce rose 8% after their earnings report showed a boost in revenue forecast but Deere fell 3.79% after missing earnings estimates. Finally, the DJIA finished up 0.38%% at 12837.28, the S&P 500 finished up 0.23% at 1391.03 and the Nasdaq 100 finished up 0.22% at 2600.48.

21 Nov 2012 - 23:03 - - Source: RANsquawk

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