Closing Market Commentary

November 20, 2009

Stocks closed lower after late-day bargain hunting failed to lift the market out of an earlier slump led by weakness in technology, energy and homebuilding issues. Disappointing earnings reports from DELL and DHI led to selling among the techs and homebuilders, respectively; energy issues sank along with crude oil futures. NYSE breadth 19-11 negative. NASDAQ breadth 16-10 negative. No major economic reports were released, but JP Morgan upped its S&P 500 year-end target and earnings estimates for 2010. The dollar index and gold futures advanced. Treasuries fell./B.Egli

Closing Market Data

Provided by Standard and Poor’s