The Dow Gained 15 Points, Nasdaq Added 7

November 28, 2006 5:01 PM EST

The Dow gained 14.74 points today to close at 12,136.45, the Nasdaq added 6.69 points to close at 2,412.61, and the S&P 500 gained 4.77 points to close at 1,386.72. Stocks closed slightly higher after yesterday's big sell-off. Federal Reserve Chairman Ben Bernanke made comments today which indicated a continued pause with respect to interest rates. However, Bernanke was still concerned about the housing decline and rising inflation. Oil added $0.67 to close at $60.99 per barrel.

Volume was light with 2.71 billion shares trading on the NYSE and 2.03 billion trading on the Nasdaq. Advancers topped decliners by a margin of 21:12 on the NYSE but were even at 16:15 on the Nasdaq.

In individual stories, shares of Consulier Engineering (Nasdaq: CSLR) gained 213% with no specific news releases. Donaldson (NYSE: DCI) fell 8.3% after reporting Q1 EPS of $0.43, in-line with estimates.(0.43) Revenues were $446.4 million vs. $441.97 million consensus. DCI expects full year fiscal 2007 EPS to be between $1.72 and $1.82 per share. Current FY07 EPS consensus is $1.76.

Tomorrow, investors will be looking for earnings from Aeropostale (NYSE: ARO), DSW (NYSE: DSW), Synopsys (Nasdaq: SNPS), Tiffany & Co (NYSE: TIF) and TiVo (Nasdaq: TIVO)

Traders will be looking for economic data on GDP Annualized and GDP Price Index (8:30AM EST), New Home Sales (10AM EST), Oil Inventories (10:30AM EST) and Fed Beige Book (2:00PM EST).


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Stocks Mentioned

ARO 33.62

-0.26 -0.77%
Volume: 2,266,617
Track ARO

CSLR 2.30

+0.00 +0.00%
Volume: 1,292
Track CSLR

DCI 39.06

-0.30 -0.76%
Volume: 163,920
Track DCI

DSW 20.84

+0.23 +1.12%
Volume: 171,392
Track DSW

SNPS 23.50

-0.02 -0.09%
Volume: 888,603
Track SNPS

TIF 42.80

+0.04 +0.09%
Volume: 1,617,312
Track TIF

TIVO 11.03

-0.12 -1.08%
Volume: 448,781
Track TIVO


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