Weekly Market Update November 2, 2012

Domestic stock prices posted mixed results for the week. In a trading week shortened by Hurricane Sandy, equities ended the week little changed. Today’s better‐than‐expected employment report initially caused stocks to rally, but the gains evaporated later in the day as investors looked ahead to next week’s election. Global markets were generally higher. World markets fared better than domestic markets, advancing on the positive U.S. employment report. Emerging markets stocks posted their best weekly gain in almost two months on positive earnings reports in the region.

Treasury prices were little changed this week. Yields on the benchmark 10‐year Treasury ended the week slightly lower. Yields had risen earlier today after the employment report was released, but eased later in the session as investors positioned accounts ahead of Tuesday’s election.

Commodity indexes declined significantly again this week. Energy prices dropped on concerns that hurricane‐related shutdowns would result in increased inventories of oil. Gold also declined due to the employment report, which indicates the U.S. economy may be improving slightly.

MARKET DASHBOARD
Index	Price	Weekly Chg.	% Chg.	YTD % Chg.
S&P 500	1,414.65	2.34	0.2%	12.5%
Dow Industrials	13,093.16	-14.05	-0.1%	7.2%
Nasdaq Composite	2,982.13	-5.82	-0.2%	14.5%
Russell 2000	814.37	1.11	0.1%	9.9%
Euro Stoxx Index	274.85	4.34	1.6%	12.4%
Shanghai Composite	2,117.05	50.84	2.5%	-3.7%
10-Year U.S. Treasury	1.73	-2 bps	NM	-1 bps
DJ UBS Commodity Index	140.37	-2.63	-1.8%	-0.2%
Gold	$1,678.35	-$33.05	-1.9%	7.2%
Crude Oil	$84.90	-$1.40	-1.6%	-13.5%
U.S. Dollar Index	80.58	0.50	0.6%	0.5%
VIX Index	17.39	-0.39	-2.2%	-25.6%
Source: Bloomberg
As of November 2, 2012