Stocks closed on Friday with gains , after a week of volatile movement. At open
Monday the market remains flat with no new economic reports scheduled for
release today. Economists predict increased uncertainty for market trending, as
many investors plan to take time off for the Thanksgiving Holiday this week. All
U.S. Markets will be closed Thursday in acknowledgment of the national holiday.
On the economic calendar for Tuesday is the release of minutes from the Federal
Reserves November policy meeting. Also expected out later this week are reports
on housing, economic growth and figures on personal income and spending.
Negotiations continue to determine the measures needed to stabilize the Irish
banking system. Irelands struggling banking sector hiked fears amongst investors
around the globe and increased pressure on the stock market as well as pushed
down the value of the euro to the dollar. The guidelines for an aid package are
expected to be finalized in the next few weeks and is estimated to be worth tens
of billions of dollars. Although the plan for aid is unpopular in Ireland,
investors report relief from the the uncertainty of the situation. Approaching
mid day the market indexes are mixed with increase volatility. DJIA lost 37.08
points to 11,166.47. NASDAQ is up 2.20. points to 2,520.20. S&P 500 is down 3.24
points to 1,196.55. The Treasurys 10-year yield is down 0.05 to 2.83%. Oil is
down 0.24 to $81.61 a barrel. Author: Pamela Frost
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