Reuters - Video

EDITION: U.S. | U.K. | IN

9/11

Mideast rest gives Wall St. bounce

Wednesday, Nov 21, 2012 - 01:50

Nov 21 - Summary of business headlines: Middle East ceasefire calms Wall Street; Hostess liquidates; Manufacturing hits new five-month high; Jobless claims rise; Consumer sentiment flat; Investors get ready for Black Friday. Conway G. Gittens reports.

▲ Hide Transcript

View Transcript

The broader market is up four days in a row as a cease fire in the Middle East puts a jittery market at ease. Gains were modest ahead of the Thanksgiving holiday, but just enough for the S&P 500 to enjoy its first four-day rally since early early October. Hostess, the company behind Twinkies and other snacks, given the green light to liquidate. The company will begin letting go of most of its more than 18,000 employees after last-ditch negotiations failed. There were a few reasons for tempered optimism. A private measure of manufacturing activity hit a five-month high in November, which could give economic growth in the fourth quarter a boost. Jobless claims were up last week but down from the big jump the week before. The impact of super storm Sandy is making it hard to see if the labor market is indeed slowing down again. Meanwhile, consumer sentiment was flat in November after months of improvement as concerns about the fiscal cliff start to creep in. So with Black Friday finally here, Thomson Reuters Director of Consumer Research Jharrone Martis gives a clue on what to expect. SOUNDBITE: JHARONNE MARTIS, DIRECTOR OF CONSUMER RESEARCH, THOMSON REUTERS (ENGLISH) SAYING: "In the beginning of October estimates for the holiday season were only 1.5 percent and now that has gone up to 1.9 percent. And we still have to go through Black Friday and analysts are very optimistic about. They think we are going to see 3.3 percent growth, which was in-line with what we saw last year 3.5. But 3 percent reflects a healthy U.S. consumer spending." Taking a look at shares of key retail players: Wal-Mart, with its controversial plan to kick-off sales on the Thanksgiving holiday, slipped but Target and online rival Amazon.com both finished higher. In Europe, stocks posted small gains as investors still hold out hope European leaders can find help for debt-laden Greece.

Mideast rest gives Wall St. bounce

Wednesday, Nov 21, 2012 - 01:50

Top News »

Most Popular »

Money »

S&P 500 to new record on improving economy S&P 500 to new record on improving economy

Fri, Aug 29, 2014 - (2:31)

Finding meaning in the S&P 500 2000 mark Finding meaning in the S&P 500 2000 mark

Mon, Aug 25, 2014 - (2:35)

S&P falls back from record high S&P falls back from record high

Fri, Aug 22, 2014 - (1:35)

S&P 500 closes at new high S&P 500 closes at new high

Thu, Aug 21, 2014 - (1:24)

S&P 500 just shy of record S&P 500 just shy of record

Wed, Aug 20, 2014 - (2:23)

Apple hits $100 a share Apple hits $100 a share

Tue, Aug 19, 2014 - (2:06)

Nasdaq closes at 14-year high Nasdaq closes at 14-year high

Mon, Aug 18, 2014 - (2:23)

Putin puts Wall Street in buying mood Putin puts Wall Street in buying mood

Thu, Aug 14, 2014 - (2:10)

We've become a promotional culture-RetailMeNot's Bodge We've become a promotional...

Thu, Aug 14, 2014 - (4:39)

The Exchange »

The Exchange: Hot commodity The Exchange: Hot commodity

Wed, Jul 16, 2014 - (9:25)

The Exchange: Constitutional crusade The Exchange: Constitutional crusade

Wed, Jun 25, 2014 - (11:35)

The Exchange: The value of money The Exchange: The value of money

Mon, Jun 02, 2014 - (9:53)

The Exchange: China’s Second Continent The Exchange: China’s Second Continent

Tue, May 27, 2014 - (9:35)

The Exchange: A master of business arts The Exchange: A master of business arts

Thu, May 08, 2014 - (8:24)

The Exchange: America's bankrupt cities The Exchange: America's bankrupt cities

Mon, May 05, 2014 - (8:52)

The Exchange: Let the rocking commence The Exchange: Let the rocking commence

Tue, Apr 08, 2014 - (8:13)

The Exchange: The Moneyball fallacies The Exchange: The Moneyball fallacies

Mon, Mar 24, 2014 - (9:54)

Is doing good a good business? Is doing good a good business?

Mon, Mar 17, 2014 - (7:38)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)