Stocks had a tough time moving in any direction today as budget talks that fueled last weeks rally, lost steam. Also worrying investors was a ho hum start to the holiday shopping season. This, even as retailers offered huge discounts and stores opened early.
At the close, the Dow was down .42%, the S&P 500 was down .33% and the Nasdaq was up .33%. A downgrade this morning of McDonald's (NYSE:MCD) sent that stock lower. The analyst at Lazard Capital Markets said competition may hurt sales. McDonald's shares closed down just over 1%.
One bright spot - Knight Capital (NYSE:KCG) shares jumped over 13% over takeover talk. Also strong today, Yahoo (NASDAQ:YHOO). That stock closed up over 1% as Goldman added the company to its "conviction buy" list.
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.