Market Update For Week Ending 11/25/2011

November 27th, 2011

Index Close Net Change % Change YTD YTD %
DJIA 11,231.94         -564.22         -4.78         -345.57         -2.98        
NASDAQ 2,441.51         -130.99         -5.09         -211.36         -7.97        
S&P500 1,158.67         -56.98         -4.69         -98.97         -7.87        
Russell 2000 666.16         -53.26         -7.40         -117.49         -14.99        
International 1,321.23         -79.26         -5.66         -337.07         -20.33        
10-year bond 1.97%        -0.04%          -1.32%          
30-year T-bond 2.92%        -0.08%          -1.41%          
International index is MSCI EAFE index. Bond data reflect net change in yield, not price. Indices are unmanaged and you cannot directly invest in an index.
More market data

Market Wrap
Another harrowing week in Europe and holiday-punctuated trading on Wall Street left investors seeking relatively safe havens to wait out the weekend. Global stock markets plunged, led by the economically sensitive Russell 2000, down 7.40%, and foreign stocks on the MSCI EAFE index, which sank 5.66% in dollar terms. The technology-rich Nasdaq lost 5.09% and the broad S&P 500 sank 4.69%, while even the blue-chip Dow industrials shed 4.78%. Money continued to pour into the Treasury market, pushing long-term yields even lower. For more on recent trading activity, please read:

Federal Reserve Minutes Reveal Debate On Economy
Investors got deeper insight into the Federal Reserve this week after the Fed released the official minutes from its most recent policy meeting. Ben Bernanke and company were split between voting for an immediate round of stimulus to boost the economy and waiting a bit to pave the way. Those wanting to wait won out, but the option of more stimulus is now back on the table. For more from the Fed, please read:

U.S. Banks Relatively Shielded From Europe, Top Analyst Says
One of the legendary names in the banking industry, Richard Bove, says American banks might gain a competitive edge as their European counterparts face the euro crisis. His reasoning is simple: U.S. banks own relatively little euro-denominated debt and could benefit from a global flight from weakening European rivals. While nobody knows for sure, the fact that Bove is not braced for the apocalypse is the real takeaway point here — and investors might take some comfort from it. For more, please read: