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Market Watch: Stocks Up- Manufacturing Down

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Stocks showed gains on the second trading day of the week despite the fact that the U.S. manufacturing sector contracted in November, dropping to its worst levels in over 6 years when the American economy was still in the middle of a debilitating recession. The latest report by the Institute for Supply Management (ISM) said its index of national factory activity fell to 48.6, the first time the index has been below 50 since November 2012. The 48.6 figure is contraction territory and well below 50.5 which had been expected. It was the worst manufacturing data since June 2009 and the first time the index fell below 50 in three years.

Peter Boockvar, chief market analyst at The Lindsey Group told CNBC-

“We’re in manufacturing recession. The data hit the market big time and the Fed is raising rates in a scenario we’ve never seen before, that scenario being a manufacturing recession. The only reason why we were up earlier was the calendar change. We have to start shifting the conversation to, the data’s good enough to get a rate hike but not enough for a second one.”

More from CNBC below.

Here are the final numbers from Tuesday, 12/1/15 on Wall Street:

Dow Jones Industrial Average: 17,888.35 (+168.43/ +0.95%)

NASDAQ: 5,156.31 (+47.64 / +0.93%)

S&P 500: 2,102.63 (+22.22 / +1.07%)

Market Watch: Cyber Monday Doesn’t Help Wall Street

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The last day of November meant Cyber Monday savings for millions of online shopping Americans. Cyber Monday is marking it’s 10 year anniversary this year, trying to persuade people to shop via the internet. The term was first used on November 28, 2005 by Ellen Davis who stated in a press release: “‘Cyber Monday Quickly Becoming One of the Biggest Online Shopping Days of the Year”. Last year Cyber Monday online sales grew to a record $2.68 billion, compared with the prior year’s year’s $2.29 billion. But despite increased online sales, stocks were down across the board today with consumer stocks and health care issues leading the slide.  Meantime, “Black Friday” sales results were “perfectly average” and will likely extend through the rest of the year, according to retail analyst Dana Telsey.

Telsey said:

“Last year was 4.1 percent. This year it will probably be around 3.5 percent.”

While businesses hope to make it into the red on this Cyber Monday, retailers stand to lose $1.75 trillion dollars per year on “out-of-stock items, overstocked goods and returns of merchandise.”  See why from CNBC below.

Here are the final numbers from Monday, 11/30/15 on Wall Street:

Dow Jones Industrial Average: 17,719.92  (-78.57/ -0.44%)

NASDAQ: 5,108.67  (-18.86 / -0.37%)

S&P 500: 2,080.41  (-9.70 / -0.46%)

Market Watch: Last Trading Day Prior to Thanksgiving

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Stocks finished mixed over a bevy of economic reports on the last full trading day before the Thanksgiving holiday. The market is closed on Thursday and will close at 1pm on Friday.  Following up & down earnings results from retailers, analysts are watching for indications on consumer spending especially with Black Friday in two days. During the past decade, the week of Thanksgiving is generally positive for stocksKensho reports over the last 10 years the S&P 500 was up for six of those Thanksgiving weeks and posted an average return of 1.9%.

More on today’s session on Wall Street from CNBC.

Here are the final numbers from Wednesday, 11/25/15 on Wall Street:

Dow Jones Industrial Average: 17,813.39 (+1.20/ +0.01%)

NASDAQ: 5,116.14 (+13.34 / +0.26%)

S&P 500: 2,088.87 (-0.27 / -0.01%)

Market Watch: Cautious Investors Make Small Gains

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Amid a whirlwind of global activity, including the shoot-down of a Russian fighter jet by the Turkish military, Wall Street made some modest advances today thanks to gains in oil prices and energy stocks.  Chris Faulkner-MacDonagh, market strategist at Standard Life Investments commented on today’s event near the Turkish-Syrian border:

“Today’s terrible news about the downing of the Russian jet and the sharp sell-off in European equities reminds us it’s been a pretty nervous year for investors. Certainly the geopolitical tensions are front and center on people’s minds today and over the next couple of days, but as soon as that lifts the focus goes on the Federal Reserve.”

Meanwhile, Art Cashin, USB Director of Floor Operations at the NYSE told CNBC’s “Squawk Alley” today:

“If more terrorist attacks come back in Paris … you would see the market react very, very strongly. It would show a French vulnerability that people are not assuming quite yet, and that would be potentially horrific for the market.

Watch more of Art Cashin below.

Here are the final numbers from Tuesday, 11/24/15 on Wall Street:

Dow Jones Industrial Average: 17,812.19 (+19.51/ +0.11%)

NASDAQ: 5,102.81 (+.33 / +0.01%)

S&P 500: 2,089.14 (+2.55 / +0.12%)

Market Watch: Stocks Waver Then Slip

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Today marked the start of the holiday shortened, Thanksgiving week on Wall Street & the markets spent most of the session trying to figure out which way was up. In the end: It was down.  Earlier in the day, figures showed that the deadly attacks in Paris seemed to be having a negative impact on the French economy. Service providers reported to the financial information company Markit that the Nov. 13th terrorist attacks in Paris had:

Negatively impacted on activity. The  purchasing managers’ index for France (which is a broad gauge of business activity) fell to a 3-month low of 51.3 points in November down from from 52.6 points in October.

The drop takes the French economy nearer the 50 point level, which is the fulcrum that determines the difference between economic expansion and contraction. International stock markets were mostly lower today as momentum faded from a week of strong gains on Wall Street. In the end the markets finished slightly lower as investors await tomorrow’s latest report on Gross Domestic Product (GDP)

More from CNBC below:

Here are the final numbers from Monday, 11/23/15 on Wall Street:

Dow Jones Industrial Average: 17,792.68 (-31.13/ -0.17%)

NASDAQ: 5,102.48 (-2.44 / -0.05%)

S&P 500: 2,086.59 (-2.58 / -0.12%)

Market Watch: Stocks Up as S&P Ascends

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The last trading day of the week on Wall Street saw gains across the board as retail stocks rose. The major averages ended the week with gains of more than 3% as the S&P 500 finished with its best week of the year. Thoughts about what the Fed may do with interest rats next month also dominated the news. New York Fed President William Dudley said the Fed still has time to decide about a December rate rise and he hopes to see evidence of rising inflation soon. St. Louis Fed President James Bullard said the central bank will return to an era where there is more uncertainty on interest rate moves. Meantime, most companies have reported their 3rd quarter earnings and most have come in above estimates. However, compared to past years, the results are not looking very good.

Gina Martin Adams of Wells Fargo Securities wrote:

With 90 percent of companies in the S&P 500 having reported, third-quarter earnings are projected to fall 1.5 percent compared to one year ago. This would mark the first quarterly year-over-year decline since 2009, when the financial crisis hit.”

See more from CNBC’s “Trading Nation” below.

Here are the final numbers from Friday, 11/20/15 on Wall Street:

Dow Jones Industrial Average: 17, 823.81 (+91.06/ +0.51%)

NASDAQ: 5,104.92 (+31.28 / +0.62%)

S&P 500: 2,089.17 (+7.93 / +0.38%)

Market Watch: Stocks Up Over Fed Minutes

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The release of the Federal Open Market Committee meeting minutes from October generated mostly positive responses from Wall Street today. The Dow finished up over 247 points; The NASDAQ over 89, while the S&P gained just over 33 points. The minutes revealed that the central bank’s voting members believe a rate hike next month would be appropriate. Among the key points in the Oct. Fed minutes:

“The U.S. financial system appeared to have weathered the turbulence in global financial markets without any sign of systemic stress,” the minutes said. “Most participants saw the downside risks arising from economic and financial developments abroad as having diminished and judged the risks to the outlook for domestic economic activity and the labor market to be nearly balanced.”

Energy stocks and oil prices were up too.  More from CNBC below.

The current geopolitical situation was also received well on Wall St. as investors saw an overnight raid in Paris as a positive. Officials have not yet identified the two dead in Wednesday’s raids in Saint-Denis. Reports indicate the woman who blew herself up during that operation is a relative of the suspected ringleader of Friday’s attacks in Paris. The ringleader was not among the eight detained in today’s raid.

Here are the final numbers from Wednesday, 11/18/15 on Wall Street:

Dow Jones Industrial Average: 17, 737.16 (+247.66/ +1.42%)

NASDAQ: 5,075.20 (+89.19 / +1.79%)

S&P 500: 2,083.58 (+33.14 / +1.62%)

Market Watch: Stocks Mixed on Geopolitical Concerns & Falling Oil

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Boosted by strong earnings reports from Walmart and Home Depot, Wall Street finished mixed with modest gains, tempered by declines in oil prices and continued geopolitical concerns re: ISIS.  Investors are waiting for the release of the latest minutes from the most recent meeting of the Federal Open Market Committee, set for tomorrow. It could provide more indication of a possible interest rate hike by the Fed next month.

Meanwhile, in a letter that Fed Chair Janet Yellen released to House Speaker Paul Ryan and Minority Leader Nancy Pelosi, Yellen strongly opposed a legislative reform act of the central bank. Under the policy rule envisioned by lawmakers, the Fed would commit to moving interest rates up or down depending on the readings of economic indicators like the jobless rate and inflation. Yellen called the proposed law-

“A grave mistake, that would undermine Fed policy and the greater U.S. economy. The bill would severely impair the Federal Reserve’s ability to carry out its congressional mandate and would be a grave mistake, detrimental to the economy and the American people. The Fed Oversight Reform and Modernization Act (FORM) could cause millions of Americans to suffer and would politicize monetary policy. Unfortunately, the FORM Act attempts to increase transparency and accountability through misguided provisions that would expose the Federal Reserve to short-term political pressures.”

The proposed law in Congress would require the central bank to tie interest rate policy to a mathematical rule. It could see a vote in the House this week. See more from CNBC below.

Here are the closing numbers from Tuesday, 11/17/15 on Wall Street:

Dow Jones Industrial Average: 17, 489.50 (+6.49/ +0.04%)

NASDAQ: 4,986.02 (+1.40 / +0.03%)

S&P 500: 2,050.44 (-2.75/ -0.13%)

Market Watch: What Will Paris Attacks Mean to Markets?

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Following the horrific terrorist attacks in Paris, U.S. markets advanced in all three major indices in the first session since Friday’s barbaric actions at six different locations in the French capitol.  Generally in the first week following an international terrorist act, markets experience a substantial dip.  For example:  following the Beirut bombing of 10/23/83 stocks dropped 1.6%, and after the bombing of the USS Cole on 10/12/2000, stocks fell 1.7%.  Stocks in the defense industry saw big gains today while oil prices rose as well.

In the aftermath of the terrorist bombings in Paris, IG France analyst Alexandre Baradez told CNBC:

“Stocks that are angled towards consumer goods or tourism, notably the luxury industry with the Christmas season, could be affected. These attacks were aiming at an entire population. There may also be a purely psychological effect that pushes investors to stay on the sidelines until more clarity emerges.”

See more on how the global markets have reacted historically after an international act of terrorism here at CNBC.

According to analyst Peter Boockvar, chief market analyst at The Lindsey Group:

“People are on edge. People don’t want to panic”

Meanwhile, many experts say that the terror attacks on Paris are not likely to dissuade the Federal Open Market Committee from raising interest rates when they meet next month, unless the terror strikes lead to more volatility in the markets and financial conditions deteriorate significantly. Investors are watching to see if France, which bombed dozens of ISIS targets yesterday, asks all of NATO to step up military efforts.  Investors are also awaiting the release the Federal Reserve meeting minutes on Wednesday.

Here are the numbers from Monday, 11/16/15 on Wall Street:

Dow Jones Industrial Average: 17, 483.o1 (+237.77/ +1.38%)

NASDAQ: 4,984.62 (+56.73 / +1.15%)

S&P 500: 2,053.19 (+30.15/ +1.49%)

Market Watch: Stocks Continue Week-Long Fall

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More disappointing economic data combined with concerns that the Federal Reserve will decide to raise interest rates in December led to another dismal day on Wall Street. The concern is that not only will an increase affect the rates banks charge each other to borrow, but it will also have an indirect impact on consumers in a number of different ways. The slowing pace of retail spending is also helping send the market in a down direction as discretionary consumer spending fell more than 2%.  Oil also fell another 3%.

The Fiscal Times reports-

“Home mortgages, home equity loans and credit cards could all see interest rate hikes following the expected Fed action. Stock and bond prices could be affected as some investors may move to bonds with higher rates, and publicly-traded companies face higher borrowing costs. And the value of the dollar may drop against foreign currencies, raising travel expenses and affecting trade.”

Art Cashin– UBS director of floor operations at the New York Stock Exchange told CNBC’s “Squawk on the Street” that-

“Most of the sector’s major benchmarks are in a state of advanced decline, which may mean bad news for the economy as investors await the Federal Reserve’s next move. I’m worried about what we have is a near deflationary free-fall going on in commodities.”

Watch Art Cashin on CNBC below.

Here are the numbers from Friday, 11/13/15 on Wall Street as of 3:00pm EST:

Dow Jones Industrial Average: 17,245.24 (-202.83/ -1.16%)

NASDAQ: 4,927.88 (-77.20 / -1.54%)

S&P 500: 2,023.04 (-22.93/ -1.12%)

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