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Market Comments & Wrap-Ups
- 11/20/2009 12:53:01 PM
By Chip Brian, SmarTrend Analytics Team
Last updated November 20, 2009: 12:30 PM ET --- The major U.S. equity indices are trading lower Friday as investors grew uneasy about the rising dollar and increase demand for the safest government debt. In corporate news, Dell (NASDAQ:DELL) shares fell 9.5% after the company said that sales of its computers to big businesses remains sluggish and reported revenue and profit that missed analysts expectations. D.R. Horton (NYSE:DHI) shares fell 12.2% after the company reports that revenue fell 42% as the housing market remained unsteady. The Dow Jones Industrial Average is trading 0.41% lower at 10,289.74, the S&P500 is down 0.57% at 1,088.31, and the Nasdaq Composite is down 0.83% at 2,138.61.
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