News

Closing out the week... Stocks hovered around breakeven for most of the day as investors digested the latest jobs report, which showed that unemployment rose to 10.2 percent in October. Unemployment is now at its highest level since 1983. Some analysts saw silver lining in the report, noting that it will likely allow the Fed to keep interest rates low for awhile longer. Crude oil futures fell to $77.43 a barrel, while gold futures broke the $1,100 mark for the first time ever, closing at $1,095.70 an ounce for the near-month contract. Among the blue chips Crocs (CROX), AIG (AIG), and Sunoco (SUN) were among the biggest losers while JetBlue Airways (JBLU), Starbucks (SBUX), and NVIDIA (NVDA) booked some of the largest advances. NYSE breadth 16-13 positive, NASDAQ breadth 16-10 positive. The CBOE Volatility Index (VIX) declined 1.26 to close the day at 24.17, an 4.95% fall for the day. The Put/Call Volume Ratio is at 0.87 while the Put/Call Open Interest ratio is at 0.89.