Market Close - November 12, 2013 - 11/12/13
Stocks finished little changed on Tuesday. The Dow retreated32 points from its record high to close at 15750. The S&P 500 lost 4 pointsto 1767. The NASDAQ rose less than a point to 3919. The major averages weremostly lower as investors weighed comments by Fed members. Dallas PresidentRichard Fisher said in an interview that the central bank could considertrimming its bond purchases as early as December. The market pared losses afterAtlantas Dennis Lockhart and Minneapolis Naranya Kocherlakota suggested theFed is likely to remain accommodative for the foreseeable future. On theearnings front, News Corp fell 1.6% to $17.15 after posting a revenueshortfall. Dish Network advanced 6.0% to $50.35 after quarterly results toppedconsensus estimates. Financials, utilities and energy were down the most ontodays session. Discover Financial declined 2.3% to $50.92. NRG Energyretreated 3.5% to $27.06 after reducing its earnings outlook. Shares of BakerHughes fell 2.1% to 57.13. Technology was the best performing group led byJuniper Networks 2.8% advanced to $19.60. Airline stocks were notable gainerson the session. U.S. Airways rose 3.4% to $24.07 after it reached an agreementwith the Department of Justice on its merger with American Airlines. Breadthwas negative on issues by 7-4 on the NYSE and 5-4 on the NASDAQ. Composite NYSEvolume totaled 3.2 billion shares. Treasuries were lower with the 10-year notedown 6/32 to yield 2.77%.
This information was prepared by or obtained from sources thatWells FargoAdvisors believes to be reliable. Any market prices are only indications ofmarket values and are subject to change. The material has been prepared or isdistributed solely for information purposes and is not a solicitation or anoffer to buy any security or instrument or to participate in any tradingstrategy. Additional information is available upon request.
Investment and InsuranceProducts:NOT FDIC InsuredNO BankGuaranteeMAY Lose Value
Wells Fargo Advisors, LLC, Member SIPC is a registeredbroker-dealers and a separate non-bank affiliate of Wells Fargo & Company.