Weekly Market Update November 30, 2012
Domestic stock posted modest gains this week. With fiscal cliff negotiations beginning in earnest, stock prices gained some ground on the week in very volatile trading. Headlines coming out of Washington seemed to be driving prices. U.S. stocks ended the month with meager gains. Global markets were also slightly higher on the week. Events in Washington also impacted markets throughout the world. The German DAX Index closed out November with its sixth consecutive monthly gain. Emerging markets stocks also advanced, led by Russia, Taiwan and Hungary.
Treasury prices rose moderately this week. Yields on the benchmark 10‐year Treasury ended the week lower as investors handicapped the outcome of the fiscal cliff negotiations. Yields ended near weekly lows on concerns that negotiations would be contentious.
Commodity indexes were slightly lower on the week. Overall, commodity prices were mixed, with crude oil little changed, precious metals trading lower and agricultural prices modestly higher.
|Index||Price||Weekly Chg.||% Chg.||YTD % Chg.|
|S&P 500||1,418.06||6.78||0.5%||12.6 %|
|Euro Stoxx Index||275.78||2.45||0.9%||12.8%|
|10-Year U.S. Treasury||1.61||-9 bps||NM||-3 bps|
|DJ UBS Commodity Index||142.80||-1.28||-0.9%||1.5%|
|U.S. Dollar Index||80.13||-0.7||-0.1%||-0.1%|
|As of November 30, 2012|