A positive Philly Fed manufacturing report wasn't enough to bolster the market this week.The S&P fell 2.80 on the week as the Fitch ratings agency reaffirmed its doubts about both European and U.S. banks and put several small countries on credit watch negative.Trading is still distressingly thin as a mood of caution sweeps the market towards the end of the year-if not the end of the world.
Nonetheless,a highly entertaining college football game took minds off this Friday night in Huntsville,Texas,where the Sam Houston State Bearkats edged the Montana Grizzlies 31-28 in a semifinal of the NCAA Division I Championship.The Grizzlies had come back from a 21-0 deficit,but the Bearkats' outstanding running back Tim Flanders ensured their victory with his 287 yards of rushing.The final will be held at Pizza Hut Park in Frisco,Texas on January 7,when the Bearkats will play either Georgia Southern or North Dakota State.
American teen Lexi Thompson,who is all of sweet 16,holds a one stroke lead at the Omega Dubai Ladies Masters,the final event of the year on the Ladies European Tour.She is angling for her first career win on the Tour,having earned her first career win on the LPGA Tour three months ago.Sweden's veteran golfer Sophie Gustafson,38,a 14-time
European Tour tournament winner,is second on the leader board.
The S&P futures declined slightly Friday evening,losing a further 0.80,while bond index futures were on the upswing.
Update:The poised and well-spoken Lexi Thompson went on to win the Omega Dubai Ladies Masters with a final round five under par 67.She became the youngest player ever to win a Ladies European Tour tournament,matching the same distinction she had achieved in the LPGA earlier in the year.South Africa's Lee Anne Pace came in second at Dubai,while Sophie Gustafson finished third in this final event of the season.
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