This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Stocks Barely Budge to Wrap Dismal Week

Stocks in this article: ^DJI ^GSPC ^IXIC JBHT TZOO JPM WFC AMD STM WMT CVS

There was a positive in the economic data as the University of Michigan consumer sentiment report for October jumped to a five-year high of 83.1 from 78.3 in September and beat the consensus estimate of 78 on an improving outlook on the economy.

The survey's five-to-10-year inflation expectation slid to 2.6% from 2.8%, which the Fed officials who pushed for QE3 are likely to be "thrilled" about, noted John Ryding and Conrad DeQuadros, the founders of research firm RDQ Economics.

In other data, the Bureau of Labor Statistics reported that the producer price index rose 1.1% in September after advancing 1.7% in August. Economists were expecting the index to rise 0.7%.

The core read, which excludes food and energy costs, was unchanged after rising 0.2%. Economists were anticipating an uptick of 0.2%.

The FTSE 100 in London was down 0.30% and the DAX in Germany was falling 0.30% as uncertainty over Spain's bailout plans overshadowed better-than-expected August eurozone industrial output figures.

The Nikkei Average in Tokyo closed down 0.15% Friday and the Hang Seng in Hong Kong finished up 0.65% ahead of Chinese trade data set to be published this weekend.

November crude oil futures settled down 21 cents at $91.86 a barrel while December gold futures lost $10.90 to settle at $1,759.70 an ounce.

The benchmark 10-year Treasury rose 5/32, pushing the yield down to 1.660%. The greenback fell 0.16%, according to the dollar index.

In corporate news, Ecolab (ECL), the developer and marketer of products and services for the hospitality, foodservice, health care and industrial markets said it has agreed to buy privately held energy products and services company Champion Technologies for $2.2 billion in cash and stock. The stock rose 4%.

STMicroelectronics ( STM ) is reportedly exploring the possibility of breaking itself up. STMicroelectronics' ADRs gained 6.4%.

Shares of Advanced Micro Devices (AMD) plunged 14.4% after the no. 2 chip maker forecast third-quarter revenue of $1.27 billion, a 10% sequential decline. Previously, AMD had predicted a sequential decrease of 1%, plus or minus 3%. Analysts were looking for sales of $1.38 billion.

3 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs