Dow, S&P 500 Stumble; Nasdaq Gains
Japan's Nikkei average settled up 0.24% as exporters got a boost amid anticipation of more easing from the Bank of Japan and a weaker yen. Hong Kong's Hang Seng index closed down by 0.24%.
Gold for December delivery fell $1.80 to settle at $1,749.60 an ounce at the Comex division of the New York Mercantile Exchange, while January crude oil contracts lost 54 cents to close at $87.74.
The benchmark 10-year Treasury rose 6/32, diluting the yield to 1.672%. The dollar was off 0.04%, according to the
U.S. stocks soared Friday as long checkout lines and positive economic data out of China and Germany supplied the fuel for a Black Friday lift-off.Cyber Monday didn't stoke quite the same bullishness though, despite reports that online spending was running at a healthy clip compared to last year. Online retailers Amazon (AMZN)and eBay (EBAY) both rose, adding 1.6% and 4.9% respectively. More traditional retailers Wal-Mart (WMT) and Target (TGT) closed down 0.41% and 2.6% respectively. On the U.S. economic front, the latest print on Dallas region manufacturing activity suggested a bigger-than-expected decline in the region's business activity in November from October. In corporate news, shares of Knight Capital Group (KCG) finished up 13.3% following a report that the firm may sell its market-making business. Yahoo! (YHOO) shares added 1% after Goldman Sachs placed the stock on its conviction buy list and lifted its price target to $24. Facebook (FB - Get Report) shares jumped 8.1% after shares of the social media giant were upgraded to outperform from market perform at Bernstein. Generac Holdings (GNRC) shares lost 9.3% after the generator maker announced a secondary offering of 11.5 million common shares. Insperity (NSP) shares gained 6% as the human resources and business performance solutions provider announced that it is commencing a modified Dutch auction tender offer to repurchase shares of its common stock up to an aggregate purchase price of $50 million and that its board of directors has declared a special cash dividend of $1 a share of common stock. Mohawk Industries (MHK) shares were down 2.4% after Reuters reported that the producer of floor covering products is in advanced talks to buy Italian ceramics maker Marazzi Group. -- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse. Follow @Commodity_Bull
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