DJIA Market Close For Thursday, November 15, 2012

The Dow closed down -28.57 (-0.23%) at 12,542.38.

Today, I’m definitely wishing I had sold everything.

Not much going on today except for Wal-Mart reporting earnings.

The initial jobless claims report showed the lingering effects of Superstorm Sandy in the Northeast: 439,000 people filed for their first week of unemployment benefits last week. That was much higher than the forecast of 388,000 and is the highest jobless claims tally since April 2011.

BP (BP) agreed to plead guilty to criminal charges over the Deepwater Horizon disaster in the Gulf of Mexico and will pay $4 billion to resolve criminal charges.

The Consumer Price Index showed inflation remained tame in October, only ticking up 0.1% during the month, as expected.

At a speech in Atlanta, Federal Reserve Chairman Ben Bernanke said the Fed is willing to do what it can to help the housing market. He said housing is rebounding, but still faces challenges. Mortgage rates hit another all-time-low today.

The dollar was down against the euro but rose against the British pound and Japanese yen.

Oil for December delivery lost 87 cents to $85.45 a barrel.

Gold futures for December delivery dropped $16.30 to $1,713.80 an ounce.

The price on the benchmark 10-year U.S. Treasury stayed steady with the yield hovering around 1.59%.

So, what do you think? We rally the next 4 days?

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