| Index | Last | Change | % Chg |
| DJ Industrials | 14093.08 | 77.96 | 0.56% |
| Nasdaq Comp | 2805.68 | 33.48 | 1.21% |
| S&P 500 | 1561.8 | 7.39 | 0.48% |
| DJ Wilshire 5K | 15789.3 | 82.45 | 0.52% |
| Russell 2000 | 841.17 | 6.19 | 0.74% |
| Nasdaq 100 | 2177.99 | 37.07 | 1.73% |
| Issues | NYSE | Nasdaq | Amex |
| Advancing | 2,007 | 1,833 | 668 |
| Declining | 1,242 | 1,117 | 493 |
| Unchanged | 124 | 163 | 77 |
| Total | 3,373 | 3,113 | 1,238 |
| New 52 Wk High | 94 | 72 | 45 |
| New 52 Wk Low | 32 | 41 | 15 |
| Futures | Last | Change | |
| Crude Oil | 83.63 | -0.06 | |
| Natural Gas | 7.14 | 0.166 | |
| Gold, Dec. | 753.3 | -0.5 |
Weekly Change
| Index | 1W%Chg | PriorWk |
| DJ Industrials | 0.19% | 1.23% |
| Nasdaq Comp | 0.91% | 2.92% |
| S&P 500 | 0.27% | 2.02% |
| DJ Wilshire 5K | 0.42% | 2.35% |
| Russell 2000 | -0.44% | 4.90% |
| Nasdaq 100 | 1.32% | 2.80% |
From Briefing.com:
| Moving the Market |  | Sector Watch |
| Core PPI up 0.1% (consensus +0.2%); Retail sales up 0.6% (consensus +0.2%) GE reports in-line third quarter earnings Oracle confirms it has made a $6.7 billion offer for BEA Systems Crude oil hits an all-time intraday high of $84.05 | Strong: automobile manufacturers; photo products; home entertainment software; footwear; semi equip; fertilizer & agriculture chemicals; construction & engineering; education services; food retail; diversified metals & minerals; Internet retail Weak: steel; homebuilding; specialty stores; building products; industrial conglomerates; department stores; diversified REITs; residential REITs; electric components & equipment; apparel & accessories; regional banks |
| 16:25 ET | Dow +77.96 at 14093.08, Nasdaq +33.48 at 2805.68, S&P +7.39 at 1561.80 |
[BRIEFING.COM] The stock market didn't spend much time licking its wounds from Thursday's sudden stock price slashing. Instead it got right back on a winning track, aided by some reassuring economic data, M&A activity, and good earnings news. One of the top headlines of the day, and arguably the most influential catalyst for Friday's gains, was the news that Oracle (ORCL 22.44, -0.02) made a $6.7 billion, or $17 per share, all-cash offer to acquire BEA Systems (BEAS 18.82, +5.20). The strategic purpose of Oracle's bid is clear, as it comes just days after rival SAP (SAP 55.85, +1.04) made a bid to acquire Business Objects (BOBJ 58.76, -0.46). For participants, though, any takeover activity rates as good news since it reflects an improvement in market conditions from the trying days of mid-summer when the credit market locked up and stock prices were sliding. In response to the Oracle news, the tech sector (+1.1%) resumed its leadership position and carried the broader market higher along with the materials (+1.0%) and energy (+0.8%) sectors. The latter caught a nice bid as crude futures hit a record high of $84.05 during the session on geopolitical concerns that were rooted in chatter that Turkey may soon invade northern Iraq. |
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