Equity Market Weekly

November 6, 2009

Overview

US equity markets finished higher on improved sentiment and mostly better-than-expected economic news. For the week, the Dow-Jones Industrial Average, the Standard & Poor's 500 Index and NASDAQ Composite rose 3.20%, 3.20% and 3.29%, respectively.

Economics

The ISM composite index rose to 55.7 in October from 52.6 in September. Factory orders rose 0.9% in September as non-durable goods orders rose by 0.6% moderating the already reported 1.4% rise in durable goods. The ISM Non-Manufacturing Index slipped to 50.6 in October, down from September's read of 50.9.

Company

M&A deals in the consumer and transportation lifted investor confidence rate. However, corporate earnings were mixed as Mastercard (MA) and Dean Foods (DF) lowered previous guidance, while Starbucks (SBUX) and Medco Health (MHS) issued outlooks.

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