| Index | Last | Chg | % Chg |
| DJ Industrials | 13339.85 | -178.11 | -1.32% |
| Nasdaq Comp | 2635.74 | -32.75 | -1.23% |
| S&P 500 | 1467.95 | -20.46 | -1.37% |
| DJ Wilshire 5K | 14792.75 | -207.72 | -1.38% |
| Russell 2000 | 753.93 | -15.53 | -2.02% |
| Nasdaq 100 | 2072.11 | -22.57 | -1.08% |
| Issues | NYSE | Nasdaq | Amex |
| Advancing | 698 | 778 | 346 |
| Declining | 2,556 | 2,207 | 861 |
| Unchanged | 97 | 127 | 96 |
| Total | 3,351 | 3,112 | 1,303 |
| New 52 Wk High | 45 | 24 | 12 |
| New 52 Wk Low | 193 | 196 | 56 |
| Total | 1,302,964,170 | 1,911,674,821 | 31,550,875 |
| Advancing | 180,297,570 | 559,945,256 | 7,312,500 |
| Declining | 1,110,213,100 | 1,324,886,600 | 22,722,175 |
| Unchanged | 12,453,500 | 26,842,965 | 1,516,200 |
| Futures | Last | Change |
| Crude Oil | 91.58 | -0.67 |
| Natural Gas, Mar | 7.142 | -0.195 |
| Gold, Feb | 799 | -5 |
WEEKLY CHANGE:
| DJ Industrials | -2.10% |
| Nasdaq Comp | -2.60% |
| S&P 500 | -2.44% |
| DJ Wilshire 5K | -2.65% |
| Russell 2000 | -4.02% |
| Nasdaq 100 | -2.72% |
From Briefing.com
| Moving the Market |  | Sector Watch |
| November CPI was higher than expected, raising inflation concerns Citigroup is consolidating $49 bln in SIV assets on its balance sheet to prevent fire-sale of assets, rating cut by Moody's Dollar rallies, commodities fall | Strong: agriculture products; oil & gas refineries; home entertainment software; consumer electronics Weak: real estate management & development; health care facilities; household appliances; aluminum; specialty REITs; paper products; homebuilding; construction materials; hotels; food distribution |
The stock market ended the week on a negative note as inflation concerns and further losses in the financial sector (-1.8%) weighed on sentiment. The major indices, in fact, barely saw the light of day. With the exception of a brief uptick into positive territory for the Nasdaq around 11:00 ET, there were minus signs next to the indices throughout the session. In a reflection of the negative bias, the indices closed near their lows for the day. Data presented in the Consumer Price Index was at the root of the market's weakness today as total CPI and core-CPI, which excludes food and energy, were higher than expected for November. Specifically, total CPI rose 0.8% (consensus 0.6%), the biggest increase since September 2005, while core-CPI rose 0.3% (consensus 0.2%), translating to a year-over-year increase of 2.3%. The inflation data fueled concerns that the Fed will be reluctant to cut interest rates much from current levels. That notion lent support to the dollar, which surged against a basket of other major currencies. The dollar index (DXY) jumped 1.1% to 77.436. Separately, Treasury prices fell on the day as the inflation angst deflated fixed income interest. The 10-year note dipped 7 ticks, lifting its yield to 4.23%. Weakness was seen across-the-board in the stock market with all 10 economic sectors suffering a loss. The materials sector (-1.99%), which got clipped in part by growth concerns and weakness in commodity prices that stemmed from the dollar's strength, suffered the biggest loss. The most influential laggard, though, remained the financial sector which suffered in the wake of a CNBC report that Merrill Lynch's (MER 56.84, -0.99) fourth quarter write-down could potentially be $4 billion to $6 billion more than expected. The sector was down early, yet that news simply compounded the selling interest. Citigroup (C 30.70, -0.31) was the story stock of the day in terms of the financial issues. After Thursday's close, the bank announced that it will be shifting $49 billion worth of assets from its SIVs onto its balance sheet. The news was generally regarded as a positive step, yet Citigroup's stock still languished with its peers as Moody's downgraded Citigroup's rating and investors remained skittish about the credit market turmoil. |
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