TF North America Daybook - Monday, Dec. 3, 2007 |
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Published
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Sat, 01 Dec 2007 00:43
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NEW YORK (Thomson Financial) - TF North America Daybook - Monday, Dec. 3, 2007MAJOR U.S. EQUITY INDEXES:Wall Street closed out a volatile week and month with a comparatively mild performance Friday, ending mostly higher on encouraging words from Federal Reserve Chairman Ben Bernanke. The Dow Jones industrial average rose 59.99 points, or 0.45%, to close at 13,371.72, while the Nasdaq composite fell 7.17, or 0.27%, to 2,660.96 and the S&P 500 index added 11.42, or 0.78%, to 1,481.14. The yield on the benchmark 10-year Treasury note rose to 3.97% from 3.93% late Thursday, and crude oil fell $2.30 to settle at $88.71 per barrel.ECONOMIC DATA:- Institute for Supply Management index for November, 10 a.m. ET, 50.1 estimate- Domestic auto sales for November, 12.1 million estimateEARNINGS HIGHLIGHTS:Company Symbol Quarter Estimate TimeCost Plus CPWM 3Q $ (.77) AMCGuess Inc. GES 3Q .57 AMCIsle of Capri Casinos ISLE 2Q (.04) AMCPhillips-Van Heusen PVH 3Q 1.03 AMCFigures in parentheses denote losses.AFTER-HOURS ACTION:After Friday's closing bell, Tribune Co. said the Federal Communications Commission has granted the regulatory approvals that will allow its $8.2 billion buyout to move forward. In other after-hours action, PeopleSupport Inc. said it has received an unsolicited, $15-a-share acquisition proposal from IPVG Corp. and AO Capital Partners.
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