Saturday, December 1, 2007

US Markets On November 30th: Financials Carried Markets Higher, Though Tech Stocks Were Weak...

News of a looming deal to temporarily freeze interest rates on some subprime loans and possible rate cuts on the horizon lifted US financial stocks on Friday, November 30th, but technology shares lost ground on worry about uncertain business demand.

The Dow Jones Industrial Average gained 59.99 to 13371.72, and the S&P 500 added 11.42 to 1481.14. Both benchmarks outperformed the Nasdaq Composite Index, which lost 7.17 to 2660.96 on weakness in some key tech players.