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Stocks closed on Thursday with gains as investors continue to tally reports of better than anticipated corporate third quarter earnings, a decline in jobless claims, and a continued anticipation that the Fed will roll out another round of asset purchases to assist with stimulating the economy. This influx of positive news and expectations temporarily heightened activity. Friday stocks are mixed as currency tensions emerge and new reports indicate that the Fed’s stimulus response may not be worthy of all the hype. A two day meeting started today in South Korea for G-20 ministers regarding finance and central banking. A formal announcement of discussions will be released next week. At mid day the market indices are mixed. NASDAQ is up 7.90 points to 2,467.59 . S&P 500 is up 0.55 points to 1,180.81. DJIA is in the red, down 20.89 points to 11,125.68. The dollar continues in the red and the Treasurys 10-year yield is up 0.02 to 2.55%. Crude oil is up 0.45 to $81.03 a barrel. Gold is down 3.6 to $1322.00 an ounce. Strong sectors include: oil and gas equipment; food retailers; hotels; automakers; application software; asset managers; regional banks; and trucking. There are no new postings on the economic calendar at this time. Author: Pamela Frost
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