Wednesday Closing Bell: Markets Close Higher as Shop-ageddon Nears

Investing

Published: November 27, 2013 4:18 pm

Last Updated: March 19, 2020 10:29 am

November 27, 2013: U.S. equity markets opened higher again Wednesday morning following a better-than-expected report on new claims for jobless benefits and a slightly worse-than-expected report on durable goods orders. Consumer sentiment rose more than expected in November. Crude oil prices settled at a six-month low after the EIA reported a tenth consecutive rise in crude supplies.

European and Latin American markets closed higher today, while Asian markets closed mixed

U.S. markets are closed tomorrow in observance of the Thanksgiving Day holiday. The NYSE and the NASDAQ will also close at 1:00 p.m. on Friday.

Friday’s calendar includes the following scheduled data releases and events (all times Eastern):

4:30 p.m. – Fed balance sheet and money supply

Here are the closing bell levels for Wednesday:

S&P500 1807.23 (+4.48; +0.25%)
DJIA 16097.33 (+24.53; +0.15%)
NASDAQ 4077.75 (+24.00; +0.67%)
10YR TNOTE 2.739% (-0.21875)
Gold $1,237.90 (-3.60; -0.3%)
WTI Crude oil $92.30 (-1.38; -1.5%)
Euro/Dollar: 1.3573 (unchanged)

Big Earnings Movers: Hewlett-Packard Co. (NYSE: HPQ) is up 9.1% at $27.37 after beating on both the top and bottom lines last night. 58.com (NYSE: WUBA) is down 10% at $33.56. Frontline Ltd. (NYSE: FRO) is up 16.6% at $2.74.

Stocks on the Move: Aetrium Inc. (NASDAQ: ATRM) is up 156.2% at $12.40 following a positive report based on a recent management change and new products. Mediabistro Inc. (NASDAQ: MBIS) is down 17.4% at $3.41 as the stock gives back some of the 87% gain it scored yesterday. J.C. Penney Co. Inc. (NYSE: JCP) is up 7.7% at $10.08 on momentum from an insider stock purchase earlier this week.

In all, 179 NYSE stocks put up new 52-week highs today, while 34 stocks posted new lows.

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.