Market News Video
MNV MNV 10 Stocks Crossing Below Book Value

If the video does not load after a few moments, Upgrade to the Latest Flash Player.
MNV Backgroundemail friendsEmail Friendsembed / linkEmbed VideorssRSS Feed standaloneLaunch Standalone Player
Sponsored by: Try ValueForum, the premier value and income stock picking community. Learn about the $5.99 trial
QuoteTake my right arm but don't take my ValueForum! more testimonials »

Weekly Market Wrap: 12/31/2010
Friday, December 31, 1:31 PM ET

The year draws to a close with light trading during the holiday week.

Hi. I’m Sayoko Murase. Welcome to the “Weekly Market Wrap” for Thursday December 31, 2010.

The Nasdaq, S&P 500, and Dow were all relatively flat for the week.

Crude oil futures fell for the week. Oil is trading at $89.96 a barrel on Friday afternoon.

Gold futures rose this week, to around $1417.95 an ounce on Friday afternoon.

Several key pieces of economic data were released during the week.

The National Association of Realtors said the number of people who signed contracts to buy homes rose in November. The index of sales agreements for previously occupied homes increased by 3.5 percent. This represents the fourth increase since contract signings hit a low in June. However, with the average rate on a 30-year fixed mortgages ising this week to 4.86 percent, the highest level in seven months, investors are concerned about what effect this may have on the future of the housing market.

However, the US Mortgage Bankers Association reported that its mortgage application index decreased by 2.3% in the early weeks of December. The fall in mortgage applications could be due to an increase in interest rates, which discourages home purchases and refinancing due to the higher cost of borrowing.

Data released by the government on the labor market was better than economists had hoped for, but shows that the labor market remains soft. New claims for unemployment benefits dropped 34,000 to a seasonally adjusted 388,000. This is lowest reading since early July 2008. Economists had expected the number to be 415,000.

In corporate news this week, Endo Pharmaceuticals (NASDAQ:ENDP) and ProStrakan received approval for Fortesta testosterone gel, meant to treat men with low testosterone.

Lockheed Martin (NYSE:LMT) and the Australia's Austal were awarded U.S. Navy contracts valued at least $3.5 billion each to design and build up to 20 combat ships through 2015.

Noble Energy (NYSE:NBL) announced that the company tapped into a natural gas deposit off the coast of Israel. The deposit is said to contain an estimated 16 trillion cubic feet of natural gas. As for the impact from the finding, Noble's president and chief operating officer, David Stover said in a statement that "this discovery has the potential to position Israel as a natural gas exporting nation."

Rare Earth stocks, such as Molycorp (MCP), Rare Element Resources (REE), and Neo Material (NEMFF), soared this week after news that China cut export quotas on rare earth materials, reducing global supply and forcing users to find alternate suppliers. The minerals are key components of high technology, clean energy and other products that rely on their properties for magnetism and strength.

This is the “Weekly Market Wrap” for Friday December 31. Please join us on Monday for the “Week Ahead Market Report.”

Have a Happy, prosperous New Year, and be sure to choose a designated driver!

For, I’m Sayoko Murase.

Weekly Market Wrap: 12/31/2010 picture
Wednesday 3/29 Insider Buying Report: NGHCWednesday 3/29 Insider Buying Report: NGHC
Related symbols: NGHC
Tuesday 3/28 Insider Buying Report: LETuesday 3/28 Insider Buying Report: LE
Related symbols: LE
Monday 3/27 Insider Buying Report: RGLS, TYMonday 3/27 Insider Buying Report: RGLS, TY
Related symbols: RGLS,TY
10 Bargains You Can Buy Cheaper Than Insiders Did
Top Ranked Dividend Stocks With Insider Buying
10 Stocks Crossing Below Book Value
10 Oversold Stocks You Need To Know About
10 Stocks Crossing Above Their 200 Day Moving Average
10 Stocks Crossing Below Their 200 Day Moving Average
The 10 Most Popular Large-Caps in ETFs
The Top 10 DividendRank'ed DJIA Components
Nasdaq 100 Movers: BIIB, VRTXNasdaq 100 Movers: BIIB, VRTX
Related symbols: BIIB,VRTX
S&P 500 Movers: FFIV, VRTXS&P 500 Movers: FFIV, VRTX
Related symbols: FFIV,VRTX
Dow Movers: TRV, WMTDow Movers: TRV, WMT
Related symbols: TRV,WMT
Dow Analyst Moves: PGDow Analyst Moves: PG
Related symbols: PG
Stock message boards
Self Directed Investor
The Warren Buffetts Next Door
S&P 500 Analyst Moves: MASS&P 500 Analyst Moves: MAS
Related symbols: MAS
Dow Analyst Moves: MCDDow Analyst Moves: MCD
Related symbols: MCD
Wednesday Sector Laggards: Trucking, AirlinesWednesday Sector Laggards: Trucking, Airlines
Related symbols: CVTI,CGI,SKYW,ALK
Wednesday Sector Leaders: Rental, Leasing, & Royalty, Metals & Mining StocksWednesday Sector Leaders: Rental, Leasing, & Royalty, Metals & Mining Stocks
Related symbols: ROYT,HGT,CNXC,SND
Tuesday Sector Laggards: Hospital & Medical Practitioners, Precious MetalsTuesday Sector Laggards: Hospital & Medical Practitioners, Precious Metals
Related symbols: QHC,CYH,GG,RIC
Wednesday's ETF with Unusual Volume: FTLSWednesday's ETF with Unusual Volume: FTLS
Related symbols: FTLS,SPY,F,NLNK,AMN
Wednesday's ETF Movers: XOP, IATWednesday's ETF Movers: XOP, IAT
Related symbols: CHK,DNR,NYCB,WBS,IAT,XOP
QQQ, RDVY: Big ETF OutflowsQQQ, RDVY: Big ETF Outflows
Daily Dividend Report: AXP, SNX, PMT, CMCO, RGCODaily Dividend Report: AXP, SNX, PMT, CMCO, RGCO
Related symbols: AXP,SNX,PMT,CMCO,RGCO
Daily Dividend Report: LOW, YUM, IMKTA, EBF, WMARDaily Dividend Report: LOW, YUM, IMKTA, EBF, WMAR
Related symbols: LOW,YUM,IMKTA,EBF,WMAR
Daily Dividend Report: UDR, HPE, MAA, MAS, LWDaily Dividend Report: UDR, HPE, MAA, MAS, LW
Related symbols: UDR,HPE,MAA,MAS,LW
Fed Tapers Bond BuyingFed Tapers Bond Buying
Nonfarm payroll Employment Up 175,000 in FebruaryNonfarm payroll Employment Up 175,000 in February
Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4Initial Claims Decrease, Productivity 1.8% Annual Rate Increase in Q4
Weekly Market Wrap: August 14, 2015Weekly Market Wrap: August 14, 2015
Related symbols: BAC,AMAT,AAPL,S,SYY
Weekly Market Wrap: August 7, 2015Weekly Market Wrap: August 7, 2015
Related symbols: SUNE,BAC,CHK,GRPN,AAPL
Weekly Market Wrap: July 31, 2015Weekly Market Wrap: July 31, 2015
Related symbols: BAC,MU,AAPL,SUNE,FB
Week Ahead Market Report: June 8, 2015Week Ahead Market Report: June 8, 2015
Related symbols: BAC,FTR,AAPL,INTC,MNKD
Week Ahead Market Report: May 18, 2015Week Ahead Market Report: May 18, 2015
Related symbols: BAC,AAPL,VALE,T
Week Ahead Market Report: May 4, 2015Week Ahead Market Report: May 4, 2015
Related symbols: BAC,AAPL,MSFT,ICLD,NOK
All videos » |  Stock market definitions »
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV MNV Chart Zero Stock Market Game Stock Market Definitions

Weekly Market Wrap: 12/31/2010 | Market News Video | Copyright © 2008 - 2017, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.