NEW YORK (AP) — It's the end of the trading week and the start of a new month and investors are wondering if the stock market will continue to rise. The market seemed unstoppable in October. The S&P 500 index closed at a record high seven times and ended the month up 4.5 percent. Yesterday, the S&P 500 slipped seven points. The Dow gained 73 and the Nasdaq composite fell 11 points. Futures point to gains at this morning's opening.
MUMBAI, India (AP) — International stock markets were muted today despite an uptick in China's manufacturing as investors continued to fret that the U.S. Federal Reserve will begin cutting its stimulus as soon as January. Two measures of China's manufacturing improved in October in a possible sign of economic recovery. Benchmark U.S. crude oil fell slightly to remain above $96 a barrel. The dollar gained against the euro and rebounded against the yen after slipping down.
UNDATED (AP) — The Institute for Supply Management will release its manufacturing index for October this morning. The automakers will also release the vehicle sales numbers for October. Chevron reports its 3rd quarter earnings before the bell and Berkshire Hathaway reports after the market closes. Also, Nissan will report earnings today.
NEW YORK (AP) — Christmas is coming early to Wal-Mart Stores' online operations. The world's largest retailer is pulling forward by nearly a month seven big deals on items like TVs and tablets that were originally reserved for the day after Thanksgiving and so-called Cyber Monday. Shoppers will be able to purchase the items online starting today. Wal-Mart declined to say whether it would be repeating the discounts during the Thanksgiving weekend.
LONDON (AP) — Royal Bank of Scotland will segregate up to $62 billion of toxic assets to clean up its balance sheet in the financial crisis aftermath. RBS will create an "internal bad bank," meaning it will segregate high-risk assets and manage them separately from the rest of the bank. The bank's third-quarter net loss narrowed to 828 million pounds from 1.4 billion in the same period last year. RBS is largely taxpayer-owned.