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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Stocks Finish Week on Positive Note

"The market wants to move, so the market is going to look at every little headline, every little snippet, every little gaffe, they're going to magnify those, and I think they will react in kind," said Guilfoyle.

Friday's economic data provided little to get excited about. The Federal Reserve said industrial production declined 0.4% in October after having increased by a downwardly revised 0.2% in September.

Capacity utilization fell 0.4 percentage points to 77.8%, a rate 2.5 percentage points below its long-run average, and down from a downwardly revised 78.2% the prior month.

The Fed said that Hurricane Sandy, which held down production in the Northeast region at the end of October, is estimated to have reduced the rate of change in total output by nearly 1 percentage point.

Economists were expecting the data to show a 0.2% rise in October output after a 0.4% increase in September, and capacity utilization levels of 78.3%.

The European markets were weak Friday. The FTSE 100 in London finished down by 1.25%, while the DAX in Germany settled off 1.22%.

On Friday, Greece looked to have managed to avoid defaulting on Treasury bills after raising enough proceeds through bond auctions this week, though it still remains in urgent need of bailout money.

Eurozone finance ministers are expected to convene next Tuesday to discuss unlocking more financial aid for the country.

"I don't know how going forward they're [Greece is] going to do anything other than beg for these loans that they need from the Troika," said Guilfoyle. "Now, should we go that route? I don't know. I think the Troika needs to cut the official sector debt, but they should cut the official sector debt the way they gave their private sector the hair cut. So if the official sector were to take a hair cut, they could really help Greece out. The official sector has owed 70% of all the money that Greece owes."

Japan's Nikkei average finished higher by 2.2% Friday as monetary stimulus hopes continued to prevail. Hong Kong's Hang Seng index rose by 0.24%, with investors staying cautious amid a lack of clarity about the policies that could arise from China's big leadership change.

Stock quotes in this article: ^DJI, ^GSPC, ^IXIC, DVAX, FB, KCG, SHF, FL, PENN, SJM, DELL, SHLD 

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.
DOW 16,262.56 +89.32 0.55%
S&P 500 1,842.98 +12.37 0.68%
NASDAQ 4,034.1610 +11.4670 0.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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