The stock market delivered a poor result this week on deficit obstacles both at home and abroad.The Dow fell 2.94,while the NASDAQ slipped 3.97 and the S&P stumbled 3.81.On the year,the S&P has logged a loss of 3.81%.
Mississippi State was highly successful,however,as the unranked Bulldogs staged a 67-57 upset win over the number 16 Arizona Wildcats at the 2K Sports Classic in New York's Madison Square Garden.The basketball tournament benefited Coaches Versus Cancer.Although early in the season,it is a championship that already makes a statement about worthiness for the March Madness tournament in 2012.
At The Presidents Cup at the Royal Melbourne Golf Club in Australia,the U.S. team maintained its 2 point lead over the International squad on Friday.The course itself provided stiff resistance to all with its tough conditions of hard greens and high winds.
Next week,a number of data points are featured in the market against the debt fear background,including GDP,durable goods,existing home sales and consumer sentiment reports.Hewlett-Packard will be submitting its earnings for scrutiny.
The S&P futures lost a little more Friday evening,edging down a further 0.90.Bond index futures also slid.There will be no U.S. trading on Thursday because of the Thanksgiving holiday.
Hewlett-Packard(HPQ)
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