November 9, 2007 / 3:34 PM / 12 years ago

Stock Market Update - Fri Nov 09 10:30:01 EST 2007

[BRIEFING.COM] The major indices have recovered off their lows, despite a worse than expected economic report.  The indices are still in the red, but have pared a good portion of their intraday losses due to a broad-based pickup in buying interest led by the financial sector (-0.6%).  The telecom (+0.5%) and healthcare (+0.1%) sectors are now in the green.

Reported at 10:00 ET, the preliminary University of Michigan Consumer Sentiment Index slipped 75.0, its lowest level since October of 2005. Economists expected a reading of 80.0.

NYSE Adv/Dec 312/2661...Nasdaq Adv/Dec 539/2087

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