- Equity Market Weekly
Equity Market Weekly
December 18, 2009
Overview
Equity markets were mixed this week as bank efforts to repay TARP were offset by sovereign uncertainties.
Economics
Empire manufacturing fell to 2.6 in November, versus consensus of 24.0 and the volatile weekly jobless claims rose 7,000, to 480,000. US factory production rose 0.8% in November, above consensus of 0.5% and capacity utilization climbed to the highest level (71.3%) since December 2008.
Company
Exxon Mobil (XOM) is buying XTO Energy (XTO) for $31 billion, while Wells Fargo & Co (WFC) announced plans to repay TARP funds. Boeing Co (BA) reported the first flight for the 787 Dreamliner, more than two years behind schedule.
Please note that online registration is required to access the report.
Important disclaimers regarding our research.
For more information, please contact your Financial Advisor.
