-Last day of the year today for many mutual funds
-Apple at 200 day moving average support
-Lock-up expiry today on Facebook
-Eurozone news weighing on stocks

Dow Jones Industrial: -0.09%
Nasdaq Comp.: -0.70%
S&P 500: -0.21%

Wall Street has fallen into the red, weighed down by the negative news-flow coming out of the Eurozone and weakness in shares of Apple.

Germany´s Finance Minister has reportedly said that it is unlikely that the Troika of international lenders will receive the final report on Greece before the next Eurogroup meeting of finance ministers on November 11th to 12th. That means that traders will have to wait a little bit longer for any possible solution to the current impasse in Greece.

In parallel, the Aegean nation´s two main labour unions have just called for a nation-wide strike.

While it will take time to return to normality in Big Apple a modicum of it is expected to be achieved today on the trading floors. Nevertheless, and as NYSE-Euronext´s Chief Executive signaled overnight, it would not be realistic to expect a completely normal day.

Apple weighs on all

Apple is off after its Chief Executive today announced a partial re-organization of the company´s top ranks.

GM and Ford have both released better than expected quarterly results. Of interest as well, Home Depot and Lowe´s are expected to do well, in anticipation that they will benefit from repair and reconstruction efforts.

Walt Disney is to acquire Lucasfilm for $4.03bn.

According to some reports Microsoft will finally not be making an offer for Netflix.

Not to be lost sight of either, investors are also keen to see next Friday´s monthly employment report.

Of interest, today is the last day of the month and of the year for some mutual funds, with the next two months being historically quite positive for shares, as funds seek to re-position themselves.

NAPM Chicago below 50
The employment cost index for the third quarter showed a 0.4% quarter-on-quarterly gain in the three months to September, slightly below the 0.5% economists had foreseen.

The Chicago NAPM regional manufacturing sector purchasing managers´ index for the month of October has come in at 49.9 (just below the contractionary level of 50), versus last month´s reading of 49.7 (Consensus: 51). The new orders sub-index however actually moved up, to 50.6 from 47.4 in September.

For economists at Barclays Research: "(...) In our view, current levels of correlation are not consistent with recessionary conditions, and we believe that local trends will play a more prominent role in these regional indices over the medium term."

Little movement in other asset classes
10 year US Treasuries are falling by 4/32 dollars this morning, with yields left standing at 1.70%.

Front month West Texas crude futures are rising by 0.72% to the 86.30 dollar level on the NYMEX.



S&P 500 - Risers
Genworth Financial Inc. (GNW) $5.89 +7.48%
Quanta Services Inc. (PWR) $25.14 +6.53%
Ford Motor Co. (F) $10.93 +5.45%
Leggett & Platt Inc. (LEG) $26.75 +5.31%
Federated Investors Inc. (FII) $22.94 +4.13%
Eaton Corp. (ETN) $46.90 +3.95%
Flowserve Corp. (FLS) $135.24 +3.29%
Fastenal Co. (FAST) $44.51 +2.94%
Masco Corp. (MAS) $14.99 +2.67%
Electronic Arts Inc. (EA) $12.22 +2.60%

S&P 500 - Fallers
Western Union Co. (WU) $13.22 -26.27%
CBRE Group Inc (CBG) $17.01 -6.79%
Sears Holdings Corp. (SHLD) $62.19 -6.76%
JDS Uniphase Corp. (JDSU) $9.65 -6.62%
QEP Resources Inc (QEP) $29.56 -6.10%
Cameron International Corp. (CAM) $48.35 -5.64%
VeriSign Inc. (VRSN) $37.65 -4.42%
J.C. Penney Co. Inc. (JCP) $24.43 -4.05%
Biogen Idec Inc. (BIIB) $137.83 -3.57%
Monster Beverage Corp (MNST) $44.24 -3.53%

Dow Jones I.A - Risers
Home Depot Inc. (HD) $61.06 +1.70%
Microsoft Corp. (MSFT) $28.68 +1.67%
International Business Machines Corp. (IBM) $196.14 +1.48%
Bank of America Corp. (BAC) $9.23 +1.21%
Caterpillar Inc. (CAT) $85.05 +0.95%
JP Morgan Chase & Co. (JPM) $41.39 +0.56%
United Technologies Corp. (UTX) $78.63 +0.55%
Exxon Mobil Corp. (XOM) $90.96 +0.38%
Coca-Cola Co. (KO) $37.18 +0.37%
Procter & Gamble Co. (PG) $69.59 +0.22%

Dow Jones I.A - Fallers
Walt Disney Co. (DIS) $49.19 -1.78%
Pfizer Inc. (PFE) $25.02 -1.61%
Cisco Systems Inc. (CSCO) $17.06 -1.33%
Intel Corp. (INTC) $21.75 -0.93%
Mondelez International Inc. (MDLZ) $26.41 -0.71%
Chevron Corp. (CVX) $110.40 -0.70%
Travelers Company Inc. (TRV) $71.09 -0.66%
E.I. du Pont de Nemours and Co. (DD) $44.90 -0.62%
Hewlett-Packard Co. (HPQ) $14.01 -0.57%
Boeing Co. (BA) $70.78 -0.46%

Nasdaq 100 - Risers
Fastenal Co. (FAST) $44.51 +2.94%
Electronic Arts Inc. (EA) $12.22 +2.60%
CH Robinson Worldwide Inc (CHRW) $60.83 +2.39%
Research in Motion Ltd. (RIMM) $7.72 +1.92%
Infosys Technologies Ltd. (INFY) $43.40 +1.71%
Microsoft Corp. (MSFT) $28.68 +1.67%
Virgin Media Inc. (VMED) $32.98 +1.45%
Apollo Group Inc. (APOL) $20.00 +1.42%
Netflix Inc. (NFLX) $70.52 +1.35%
Costco Wholesale Corp. (COST) $98.13 +1.23%

Nasdaq 100 - Fallers
Sears Holdings Corp. (SHLD) $62.19 -6.76%
Baidu Inc. (BIDU) $108.66 -4.55%
VeriSign Inc. (VRSN) $37.65 -4.42%
Biogen Idec Inc. (BIIB) $137.83 -3.57%
Monster Beverage Corp (MNST) $44.24 -3.53%
Vertex Pharmaceuticals Inc. (VRTX) $48.04 -3.07%
Seagate Technology Plc (STX) $27.12 -2.83%
eBay Inc. (EBAY) $48.30 -2.44%
Amazon.Com Inc. (AMZN) $232.86 -2.26%
Apple Inc. (AAPL) $590.61 -2.22%

AB

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