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Market Review November 25, 2009     
 
Labor Department said Wednesday that initial jobless claims fell below 500,000 last week; it was the first time since January 3 that claims fell below the 500,000 level. The number of people filing first-time claims for jobless benefits fell by 35,000 to 466,000; analysts expected claims to fall to 500,000. Continuing claims fell by 190,000 in the week ended November 14 to 5.42 million, analysts expected a drop to 5.57 million, it was the lowest level since February 28. Commerce Department reported new orders for goods fell unexpectedly by 0.6% in October, after a gain of 2% in September. Excluding defense, orders increased by 0.4% in October, excluding transportation equipment, orders fell 1.3%, the biggest decline in eight months. Consumer spending rose 0.7% in October after a 0.6% decline in September; analysts forecasted a 0.6% gain. Stocks posted gains today, the Dow Jones Industrial Average rose 29 points, the Nasdaq Composite Index rose 7 points and the Standard & Poor’s 500 Index rose 4 points. Bond prices rose, the yield on the benchmark 10-year note fell to 3.26 from 3.31 Monday. Gold was continuing its rise today, it rose $21.60 to $1,188.00 an ounce.

Free Daily Stock Picks activity and results for November 25, 2009:

JCG - position entry at 43.90PM, EOD price hit for a gain of 0.15 points
CWTR - position entry at 5.05PM, 3rd Target Level hit for a gain of 0.30 points

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