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Marketwatch

Dow 10318.16 -14.28 4:31pm
Nasdaq 2146.04 -10.78 5:30pm
S&P 500 1091.38 -3.52 5:01pm
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Equity Market Weekly

November 20, 2009

Overview

Equity markets oscillated this week, as mixed earnings and mixed economic data confounded investors. For the week, the Dow Jones Industrial Average added 0.46%, while the Standard & Poor's 500 Index and NASDAQ Composite lost 0.19% and 1.01%, respectively.

Economics

On Monday, markets surged as the Census Bureau reported that retail sales jumped a surprising 1.4% in October, following a 2.3% drop in September while core retail sales rose 0.5%. The Consumer Price Index increased 0.3% and core CPI rose 0.2%, slightly ahead of expectations. U.S. housing starts sank by 10.6% in October, as multi-family starts plummeted by 34.6% following a 19.0% decline in September.

Company

Mixed earnings reports continued this week with Gap (GPS) and Limited Brands (LTD) reporting impressive results, while Dell (DELL) and Intuit (INTU) disappointed.

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