it’s all about europe - ap markets · banco bradesco sa bbd 14.77 +.07 +0.5% -27.2% -20.8% 15586...

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Commodities Crude oil rose 93 cents per barrel to $82.14 on hopes for stronger demand after the government said the U.S. economy grew a little faster in the spring than previously estimated. Crude Oil (bbl) 82.14 81.21 +1.15 -10.1 Ethanol (gal) 2.55 2.53 +0.24 +7.4 Heating Oil (gal) 2.82 2.82 -0.01 +10.8 Natural Gas (mm btu) 3.75 3.76 -1.38 -14.9 Unleaded Gas (gal) 2.62 2.65 -1.19 +6.8 FUELS CLOSE PVS. %CH. %YTD Gold (oz) 1615.50 1616.30 -0.04 +13.7 Silver (oz) 30.47 30.09 +1.29 -1.4 Platinum (oz) 1528.30 1534.20 -0.38 -13.8 Copper (lb) 3.24 3.24 -0.02 -27.1 Palladium (oz) 623.10 633.80 -1.69 -22.4 METALS CLOSE PVS. %CH. %YTD Cattle (lb) 1.20 1.20 ... +11.6 Coffee (lb) 2.31 2.34 -1.01 -3.9 Corn (bu) 6.33 6.31 +0.28 +0.6 Cotton (lb) 1.01 0.98 +2.68 -30.3 Lumber (1,000 bd ft) 221.00 224.30 -1.47 -26.8 Orange Juice (lb) 1.52 1.51 +0.73 -11.7 Soybeans (bu) 12.30 12.24 +0.53 -11.8 Wheat (bu) 6.54 6.39 +2.43 -17.6 AGRICULTURE CLOSE PVS. %CH. %YTD Advanced 2181 Declined 854 New Highs 10 New Lows 146 Vol. (in mil.) 4,570 Pvs. Volume 4,224 2,269 1,897 1569 951 4 214 NYSE NASD DOW 11271.14 10965.45 11153.98 +143.08 +1.30% s t t -3.66% DOW Trans. 4369.11 4247.51 4342.43 +88.25 +2.07% s t t -14.97% DOW Util. 439.13 431.71 438.56 +6.75 +1.56% s s s +8.29% NYSE Comp. 7051.39 6853.87 6974.91 +97.97 +1.42% s t t -12.42% NASDAQ 2538.97 2433.58 2480.76 -10.82 -0.43% s t t -6.49% S&P 500 1175.87 1139.93 1160.40 +9.34 +0.81% s t t -7.73% S&P 400 813.63 785.42 804.16 +8.11 +1.02% s t t -11.36% Wilshire 5000 12310.34 11923.11 12145.07 +95.56 +0.79% s t t -9.09% Russell 2000 669.53 645.33 662.80 +10.83 +1.66% s t t -15.42% HIGH LOW CLOSE CHG. %CHG. WK MO QTR YTD StocksRecap 1,040 1,120 1,200 1,280 1,360 1,440 S A M J J A 1,080 1,160 1,240 S&P 500 Close: 1,160.40 Change: 9.34 (0.8%) 10 DAYS 2,300 2,400 2,500 2,600 2,700 2,800 2,900 S A M J J A 2,400 2,540 2,680 Nasdaq composite Close: 2,480.76 Change: -10.82 (-0.4%) 10 DAYS NET 1YR TREASURIES YEST PVS CHG WK MO QTR AGO 3.25 3.25 3.25 .00-.25 .00-.25 .00-.25 PRIME RATE FED FUNDS YEST 6 MO AGO 1 YR AGO 3-month T-bill .02 .01 +0.01 s r s .15 2-year T-note .26 .25 +0.01 s s t .42 10-year T-note 2.00 1.99 +0.01 s t t 2.50 30-year T-bond 3.06 3.09 -0.03 s t t 3.69 5-year T-note 1.00 .94 +0.06 s s t 1.15 52-wk T-bill .09 .09 ... r r t .24 NET 1YR BONDS YEST PVS CHG WK MO QTR AGO Barclays LongT-BdIdx 2.76 2.84 -0.08 s t t 3.32 Bond Buyer Muni Idx 4.92 4.90 +0.02 s t t 4.87 Barclays USAggregate 2.39 2.40 -0.01 s r t 2.53 Barclays US High Yield 9.16 9.07 +0.09 s s s 7.85 Moodys AAA Corp Idx 4.10 4.15 -0.05 s t t 4.47 Barclays CompT-BdIdx 1.11 1.13 -0.02 s t t 1.46 Barclays US Corp 3.84 3.84 ... s s s 3.61 Interestrates The yield on the 10-year Trea- sury note rose to 2 percent Thursday. Yields affect interest rates on consumer loans. USD per British Pound 1.5590 -.0019 -.12% 1.5990 1.5795 Canadian Dollar 1.0395 +.0110 +1.06% .9751 1.0305 USD per Euro 1.3559 -.0023 -.17% 1.4088 1.3643 Japanese Yen 76.71 +.18 +.23% 82.43 83.62 Mexican Peso 13.4680 +.0910 +.68% 11.9544 12.4910 6MO. 1YR. MAJORS CLOSE CHG. %CHG. AGO AGO Israeli Shekel 3.7298 +.0083 +.22% 3.5270 3.6377 Norwegian Krone 5.8165 +.0396 +.68% 5.6063 5.8377 South African Rand 7.9983 +.0961 +1.20% 6.8573 6.9589 Swedish Krona 6.8345 +.0446 +.65% 6.3532 6.7159 Swiss Franc .8994 +.0016 +.18% .9219 .9768 EUROPE/AFRICA/MIDDLE EAST Australian Dollar 1.0295 +.0124 +1.20% .9720 1.0298 Chinese Yuan 6.3998 +.0048 +.08% 6.5647 6.6934 Hong Kong Dollar 7.7916 -.0031 -.04% 7.7918 7.7640 Indian Rupee 49.170 +.395 +.80% 44.703 45.045 Singapore Dollar 1.3005 +.0085 +.65% 1.2618 1.3156 South Korean Won 1171.84 +4.19 +.36% 1112.49 1140.80 Taiwan Dollar 30.49 +.04 +.13% 29.52 31.45 ASIA/PACIFIC Foreign Exchange The euro rose against the dollar after German lawmakers voted in favor of a larger European bailout fund, which investors hope will at least delay a default by Greece and others. LocalStocks AT&T Inc T 27.85 +.10 +0.4% -5.2% +3.0% 98272 8 1.72 Adv Micro Dev AMD 6.17 +.05 +0.8% -24.6% -2.2% 21605 6 ... Alcatel-Lucent ALU 2.91 +.03 +1.0% -1.7% -6.8% 13535 ... Alcoa Inc AA 10.07 -.04 -0.4% -34.6% -12.6% 38613 11 0.12 Annaly Capital Mgmt NLY 17.48 -.08 -0.5% -2.5% +12.0% 16760 6 2.59 Apple Inc AAPL 404.30 +2.48 +0.6% +25.3% +39.6% 18680 16 ... Applied Matls AMAT 10.59 +.23 +2.2% -24.6% -4.5% 16495 7 0.32 Banco Bradesco SA BBD 14.77 +.07 +0.5% -27.2% -20.8% 15586 0.80 Bank of America BAC 6.31 +.25 +4.1% -52.7% -54.5% 250093 0.04 Barc iPath Vix ST VXX 50.34 +.50 +1.0% +33.8% +196.8% 35049 ... Boston Scientific BSX 5.76 +.14 +2.5% -23.9% ...% 17176 15 ... Brist Myr Sqb BMY 30.89 +.27 +0.9% +16.7% +14.8% 17350 16 1.32 CSX Corp CSX 19.25 +.64 +3.4% -10.6% +2.6% 13211 12 0.48 CVS Caremark Corp CVS 34.13 -.48 -1.4% -1.8% +16.6% 13567 14 0.50 Cemex SAB de CV CX 3.54 +.20 +6.0% -65.6% -59.3% 18706 ... Chesapk Engy CHK 26.04 -1.04 -3.8% +0.5% +30.9% 18150 9 0.35 Cisco Syst CSCO 15.61 +.28 +1.8% -22.8% -28.7% 65026 13 0.24 Citigroup C 24.98 +1.02 +4.3% -47.2% -38.2% 54964 8 0.04 Comcast Corp A CMCSA 21.40 +.38 +1.8% -2.1% +19.4% 19253 15 0.45 Corning Inc GLW 12.35 +.22 +1.8% -36.1% -28.1% 17246 6 0.20 Dell Inc DELL 14.40 +.40 +2.9% +6.3% +13.1% 20923 8 ... Delta Air Lines DAL 8.17 +.59 +7.8% -35.2% -33.6% 19026 16 ... Direxion SCapBear 3x TZA 52.13 -1.91 -3.5% +11.3% +89.1% 25566 ... Direxion FinBear 3x FAZ 69.12 -2.22 -3.1% +46.3% +437.2% 18789 ... Direxion FinBull 3x FAS 10.53 +.33 +3.2% -62.2% -53.2% 50191 ... Direxion SCapBull 3x TNA 34.72 +1.02 +3.0% -52.1% -22.5% 25677 ... Disney DIS 29.83 +.28 +0.9% -20.5% -11.9% 20811 13 0.40 Dow Chemical DOW 23.53 +.51 +2.2% -31.1% -13.3% 13317 11 1.00 DuPont DD 40.46 -1.19 -2.9% -18.9% -3.0% 14631 11 1.64 Duke Energy DUK 19.79 +.30 +1.5% +11.1% +13.9% 13617 14 1.00 eBay Inc EBAY 32.08 +.41 +1.3% +15.3% +30.1% 15529 24 ... EMC Corp EMC 20.62 +.11 +0.5% -10.0% -1.2% 23577 21 ... Exxon Mobil Corp XOM 69.31 +.07 +0.1% -5.2% +15.6% 25869 9 1.88 Fifth Third Bcp FITB 9.84 +.24 +2.5% -33.0% -19.1% 13544 10 0.32 Ford Motor F 9.86 +.24 +2.5% -41.3% -22.3% 69630 5 ... FMC&G FCX 32.37 +.23 +0.7% -46.1% -19.4% 22723 6 1.00 Gen Electric GE 15.21 +.17 +1.1% -16.8% -5.3% 64349 13 0.60 General Motors Co GM 21.00 +.76 +3.8% -43.0% ...% 13510 6 ... Halliburton HAL 31.67 -1.05 -3.2% -22.4% +4.9% 22511 12 0.36 Hecla Mng HL 5.69 -.40 -6.6% -49.5% -3.9% 13169 21 ... Hewlett Packard HPQ 22.32 -.48 -2.1% -47.0% -41.3% 68430 5 0.48 iShares Gold Trust IAU 16.02 -.95 -5.6% +15.3% +34.3% 32060 ... iShares Brazil EWZ 53.60 +1.21 +2.3% -30.7% -23.7% 24591 3.42 iShare Germany EWG 17.75 +.23 +1.3% -25.9% -15.8% 16982 0.67 iShare Japan EWJ 9.34 +.03 +0.3% -14.4% -3.2% 20806 0.17 iShares Taiwan EWT 12.11 +.28 +2.4% -22.5% -8.3% 14173 0.29 iShares Silver Trust SLV 29.98 -4.94 -14.1% -0.7% +68.6% 93163 ... iShs FTSEChina25 FXI 32.27 +.74 +2.3% -25.1% -23.3% 24324 0.85 iShs Emerg Mkts EEM 35.88 +.93 +2.7% -24.7% -17.9% 92717 0.84 iShares Barc 20+TB TLT 120.83 -2.29 -1.9% +28.4% +21.6% 14682 4.02 iShares EAFE EFA 47.19 +.53 +1.1% -18.9% -11.3% 38112 1.68 iShares Rus 2000 IWM 65.14 +.66 +1.0% -16.7% -0.3% 77684 1.02 iShares Real Est IYR 51.29 +.41 +0.8% -8.3% -0.5% 14253 2.18 Intel Corp INTC 22.16 +.55 +2.5% +5.4% +17.5% 71265 10 0.84 Itau Unibanco Hldg ITUB 15.02 +.33 +2.2% -37.2% -33.3% 18094 0.84 JPMorgan Chase & Co JPM 29.59 +.32 +1.1% -30.2% -25.2% 50352 6 1.00 Keycorp KEY 5.71 -.08 -1.4% -35.5% -25.5% 17385 6 0.12 Las Vegas Sands LVS 44.38 -.44 -1.0% -3.4% +35.6% 16877 32 ... Level 3 Commun LVLT 1.49 +.05 +3.5% +52.0% +48.0% 20922 ... Lowes Cos LOW 19.74 +.84 +4.4% -21.3% -11.0% 19786 13 0.56 MGM Resorts Intl MGM 10.32 +.04 +0.4% -30.5% -2.7% 19854 ... Mkt Vect Gold Miners GDX 56.41 -2.89 -4.9% -8.2% +5.9% 28755 0.40 Marvell Tech Grp MRVL 15.30 +.73 +5.0% -17.5% -15.4% 14959 12 ... Merck & Co MRK 31.05 -.08 -0.3% -13.8% -11.7% 17999 11 1.52 MetLife Inc MET 26.82 -.13 -0.5% -39.6% -29.7% 14928 7 0.74 Micron Tech MU 6.65 +.22 +3.4% -17.1% -4.3% 33566 11 ... Microsoft Corp MSFT 25.06 ... ...% -10.2% +4.4% 61719 9 0.80 Morgan Stanley MS 13.72 +.66 +5.1% -49.6% -46.9% 36608 30 0.20 Mosaic Co MOS 57.70 -2.41 -4.0% -24.4% +0.1% 32836 11 0.20 National Semi NSM 24.99 +.01 ...% +81.6% +103.7% 18101 21 0.40 News Corp A NWSA 16.11 +.51 +3.3% +10.6% +16.8% 34489 14 0.19 Nokia Corp NOK 5.24 -.02 -0.4% -49.2% -42.2% 24396 0.55 Nvidia Corporation NVDA 13.79 +.28 +2.1% -10.5% +18.6% 24950 15 ... Oracle Corp ORCL 28.90 +.56 +2.0% -7.7% +5.0% 42689 16 0.24 Petrobras PBR 23.09 +.02 +0.1% -39.0% -30.4% 16737 1.26 Pfizer Inc PFE 17.45 -.04 -0.2% -0.3% +6.1% 48872 11 0.80 PowerShs QQQ Trust QQQ 54.15 +.57 +1.1% -0.6% +10.9% 75634 0.41 ProSh UltraSht S&P SDS 25.50 -.23 -0.9% +7.3% -14.3% 54596 ... ProShs Ultra S&P500 SSO 38.19 +.35 +0.9% -20.5% -2.2% 28043 0.31 ProSh USht Leh 20 Tr TBT 19.49 +.70 +3.7% -47.4% -41.1% 15681 ... ProShs UltSht S&P500 SPXU 20.51 -.35 -1.7% +5.7% -24.6% 18407 ... ProShs UltSht Silver ZSL 19.34 +4.32 +28.8% -50.8% -38.0% 30407 ... Qualcomm Inc QCOM 50.29 +.26 +0.5% +1.6% +17.4% 18062 21 0.86 Regions Fncl RF 3.43 +.01 +0.3% -51.0% -49.9% 31535 0.04 Research in Motion RIMM 21.32 +.06 +0.3% -63.3% -55.4% 17836 4 ... SPDR Gold Trust GLD 159.80 -9.25 -5.5% +15.2% +34.0% 50099 ... SPDR S&P500 ETF Tr SPY 113.54 +.68 +0.6% -9.7% +1.7% 269559 2.46 Schlumberger Ltd SLB 61.20 -.02 ...% -26.7% +5.4% 16513 16 1.00 Schwab Corp SCHW 11.38 +.35 +3.2% -33.5% -17.3% 13715 19 0.24 Semicond Hld Tr SMH 29.72 +.60 +2.1% -8.6% +12.3% 16226 0.64 Sirius XM Radio Inc SIRI 1.70 +.02 +1.2% +4.3% +50.0% 54609 57 ... Swst Airlines LUV 8.38 +.35 +4.4% -35.4% -33.4% 13893 13 0.02 Sprint Nextel Corp S 3.18 +.17 +5.6% -24.8% -31.1% 59616 ... SPDR Materials XLB 30.24 -.05 -0.2% -21.3% -5.1% 23669 0.82 SPDR HealthCare XLV 31.48 +.01 ...% -0.1% +5.8% 17946 0.64 SPDR Consumer XLY 35.73 +.53 +1.5% -4.5% +7.7% 16533 0.61 SPDR Energy XLE 58.70 -.64 -1.1% -14.0% +10.2% 30969 1.08 SPDR Financial XLF 11.68 +.12 +1.0% -26.8% -20.3% 116255 0.20 SPDR Industrial XLI 29.31 +.30 +1.0% -15.9% -4.9% 40883 0.69 SPDR Technology XLK 24.00 +.27 +1.1% -4.7% +5.6% 25721 0.36 Synovus Fincl SNV 1.10 -.08 -6.8% -58.3% -49.2% 15902 0.04 Taiwan Semicon TSM 11.71 +.19 +1.6% -6.6% +21.8% 21460 0.52 Texas Instru TXN 27.22 +.99 +3.8% -16.2% +5.1% 17049 10 0.68 US Bancorp USB 23.21 +.30 +1.3% -13.9% +3.3% 17560 11 0.50 US Oil Fund LP USO 31.09 -.04 -0.1% -20.3% -4.5% 14497 ... Vale SA VALE 23.99 +.36 +1.5% -30.6% -13.6% 22944 1.14 Vanguard Emg Mkts VWO 36.79 +.79 +2.2% -23.6% -17.0% 44543 0.82 Verizon Comm VZ 35.88 +.29 +0.8% +0.3% +15.9% 29935 15 2.00 Weatherford Intl WFT 12.90 -.43 -3.2% -43.4% -20.8% 13384 68 ... Wells Fargo & Co WFC 23.69 +.52 +2.2% -23.6% -8.6% 45215 9 0.48 Xerox Corp XRX 7.10 -.01 -0.1% -38.4% -28.6% 13967 13 0.17 YRC Worldwide Inc YRCW .06 -.00 -6.7% -98.5% -99.1% 30261 ... Yahoo Inc YHOO 14.71 +.72 +5.1% -11.5% -0.4% 48392 17 ... Yamana Gold Inc AUY 13.72 -1.02 -6.9% +7.2% +34.7% 17852 16 0.18 YTD 1YR VOL NAME TCKR CLOSE CHG %CHG CHG RTN (Thous) P/E DIV YTD 1YR VOL NAME TCKR CLOSE CHG %CHG CHG RTN (Thous) P/E DIV YTD 1YR VOL NAME TCKR CLOSE CHG %CHG CHG RTN (Thous) P/E DIV Today Personal income and spending The Commerce Department’s report for August will show whether con- sumers’ income rose or fell last month, and what they did with their money. It will show whether they were cutting back spending on expen- sive items like cars and computers as they worried about the economy. It will also show how much they are saving. During the recession, many consumers socked away money instead of spending. Another reading on consumers The Thomson-Reuters/University of Michigan consumer sentiment index is being released three days after the Con- ference Board reported another drop in consumer confi- dence during September. So investors’ expectations are low for today’s report. Economists expect it to be unchanged from the last reading of 57.8. Consum- ers were watching stocks plunge during August and September. That has made many of them uneasy about the future. A look at Midwestern manufacturing The Chicago Purchasing Manag- ers’ index will give an assess- ment of how manufacturing did in the Midwest during September. Economists and investors view the Chicago PMI as an indicator of what the national report on manufacturing from the Institute for Supply Management will say. That report comes out Monday. The forecast is for a slight dip in the Chicago index, to 55.9 from 56.5 in August. Source: FactSet Personal spending, month-over-month change 0.2% -0.1 -0.1 0.2 M A M J J A est. 0.8 0.2 6-month T-bill .04 .03 +0.01 s r t .18 It’s all about Europe David K. Randall, Jenni Sohn • AP 2011 isn’t turning out the way Bob Doll expected. The chief stock strategist at asset manager BlackRock started the year predicting the stock market would have a double-digit return for the third year in a row. But those predictions were squashed by fears of a financial crisis in Europe, the earthquake in Japan and the debt ceiling showdown in Congress. As of Thursday , the Standard and Poor’s 500 index was down 7.7 percent for the year. Doll talked recently with The Associated Press about the market. What will it take for the stock market to end the year with a gain? I wish I knew the answer. Right now, it’s all about Europe. Everything else is a sideshow. The answers (for Europe’s debt problems) are going to depend on policy makers. If there’s a smooth ending, we avoid a recession. If it’s bumpier, then it throws us back into one. Do you think that a recession is likely? As a betting man – which I am – I think chances are that we’ll muddle through and continue to grow slowly. If we do have a recession it would be mild. The cyclical parts of the economy that typically give us deep recessions – I’m thinking about housing and autos – have never really recovered from the last one. What needs to happen for the economy and stock market to improve? We’ll have to have a major increase in (investors’) confidence, and that will only come if we have some long-term policies that will put in place (new infrastructure like roads and factories) and incentives to hire workers. Do you think President Obama and the Republican- controlled House of Represen- tatives can accomplish that? In terms of next year’s election, it would be great to see somebody run for president, or the incum- bent, come up with a clear plan and get a significant mandate. But nobody is expecting that. What should an investor do? If you have a decent time horizon and are dollar-cost averaging, now is a great time to be buying. BLACKROCK CHIEF EQUITY STRATEGIST BOB DOLL Spicing it up Total returns through Sept. 28 SOURCES: Morningstar; FactSet AP CompanySpotlight McCORMICK (MKC) Thursday’s close: $46.33 52-WEEK RANGE $40.93 51.26 Price-to-earnings ratio: 17 Based on past 12 months’ results Dividend: $1.12 Div. Yield: 2.4% Total return year to date: 1% 3 years (annualized): 8 5 years (annualized): 6 10 years (annualized): 9 Investors are worried about higher costs for spice maker McCor- mick. Everything from cinnamon and pepper to packaging is costing it more, and the company is hiking prices for the second time in a year to compensate. Customers stocked their cupboards with seasonings last quarter in advance of McCormick’s price increases. So analysts say sales may dip this quarter; yet many suggest sticking with the stock. McCormick pays a $1.12 dividend, which eases the wait for a sales recovery, Jefferies analysts say. McCormick also is intro- ducing products, such as reduced- sodium seasoning mixes, that will help drive new demand, says Janney Capital Markets. The weak economy has more consumers eating at home and using spices. The pipeline repair company cut its 2011 earnings expectations and said it has started a restructuring program to reduce costs. Nationwide Mutual Insurance said it would acquire the insurer for $1.63 billion in cash to expand its pres- ence on the East Coast. The tax preparer said it would end its EXPRESSTAX brand, which helped people file their taxes early and get refunds quickly. The Columbus, Ohio-based metal manufacturer said that its first-quar- ter net income rose 15 percent thanks to lower expenses. The cellphone maker said it would cut 3,500 jobs and close a Roma- nian factory by 2012 in order to save costs and restructure. The chip maker cut its revenue and profit outlook for the third quarter due to manufacturing problems at a German factory. SOURCE: Sungard AP Stocks mostly rose after appli- cations for unemployment ben- efits fell to a five-month low and Germany voted to expand the powers of Europe's bailout fund. The Dow rose 1.3 per- cent. The S&P 500 index rose 0.8 percent. The Nasdaq com- posite fell 0.4 percent. 5 6 7 $8 J S A Advanced Micro AMD Close: $5.31 -0.84 or -13.7% $5.11 $9.58 Vol.: Mkt. Cap: 67.8m (2.6x avg.) $3.67 b 52-week range PE: Yield: 4.8 ... 4 5 6 $7 J S A Nokia NOK Close: $5.77 0.22 or 4.0% $4.82 $11.75 Vol.: Mkt. Cap: 30.8m (0.9x avg.) $21.61 b 52-week range PE: Yield: 7.8 9.9% 10 15 20 $25 J S A Worthington Industries WOR Close: $14.43 0.51 or 3.7% $12.84 $23.75 Vol.: Mkt. Cap: 1.3m (1.2x avg.) $1.07 b 52-week range PE: Yield: 9.4 3.3% 12 14 16 $18 J S A H&R Block HRB Close: $13.73 0.22 or 1.6% $10.13 $18.00 Vol.: Mkt. Cap: 3.2m (0.8x avg.) $4.2 b 52-week range PE: Yield: 11.5 4.4% 20 40 $60 J S A Harleysville Group HGIC Close: $58.96 27.44 or 87.1% $24.75 $58.96 Vol.: Mkt. Cap: 4.6m (33.2x avg.) $1.6 b 52-week range PE: Yield: 33.5 2.6% 10 15 20 $25 J S A Insituform INSU Close: $13.36 0.14 or 1.1% $11.61 $30.00 Vol.: Mkt. Cap: 1.9m (3.8x avg.) $527.52 m 52-week range PE: Yield: 11.2 ... American Funds BalA m MA 17.26 +0.09 -2.6 +4.1/A +5.4/B +2.1/B American Funds CapIncBuA m IH 47.41 +0.42 -3.1 +0.9/B +3.9/C +1.4/C American Funds CpWldGrIA m WS 31.06 +0.42 -5.6 -6.9/D +1.8/D 0.0/B American Funds EurPacGrA m FB 35.11 +0.56 -7.2 -10.4/D +2.4/A -0.1/A American Funds FnInvA m LB 32.84 +0.27 -5.5 -0.7/D +3.1/C +0.2/A American Funds GrthAmA m LG 27.34 +0.03 -5.5 -1.2/D +2.7/D -0.5/D American Funds IncAmerA m MA 15.82 +0.12 -2.7 +3.1/A +5.9/B +1.6/C American Funds InvCoAmA m LB 25.28 +0.26 -4.2 -1.3/D +2.6/C -1.3/C American Funds NewPerspA m WS 25.51 +0.17 -5.3 -3.3/C +4.6/B +1.5/A American Funds WAMutInvA m LV 26.21 +0.32 -2.4 +6.1/A +3.3/B -0.5/A Dodge & Cox IntlStk FV 29.60 +0.59 -7.1 -10.6/D +2.4/A -1.6/A Dodge & Cox Stock LV 94.65 +1.02 -5.3 -1.5/D +2.4/B -4.3/D Fidelity Contra LG 63.82 -0.23 -4.4 +2.8/C +5.7/B +2.7/A Fidelity GrowCo LG 79.94 -0.50 -4.4 +7.0/A +9.5/A +4.7/A FrankTemp-Franklin Income A m CA 2.01 ... -2.4 +1.5/C +8.7/A +2.8/C FrankTemp-Templeton GlBondAdv IB 12.70 -0.01 -7.1 -1.7/E +11.0/A +10.2/A Harbor IntlInstl d FB 51.61 +0.84 -7.8 -7.8/B +2.6/A +1.0/A PIMCO TotRetA m CI 10.78 -0.02 -1.4 +0.5/E +8.9/B +7.3/A PIMCO TotRetAdm b CI 10.78 -0.02 -1.4 +0.7/E +9.1/B +7.5/A PIMCO TotRetIs CI 10.78 -0.02 -1.4 +0.9/E +9.3/B +7.8/A Vanguard 500Adml LB 106.85 +0.86 -3.9 +3.4/A +3.9/B -0.7/B Vanguard 500Inv LB 106.85 +0.86 -3.9 +3.3/A +3.8/B -0.8/B Vanguard InstIdxI x LB 106.14 +0.27 -3.9 +3.4/A +3.9/B -0.7/B Vanguard InstPlus x LB 106.14 +0.27 -3.9 +3.4/A +4.0/B -0.6/B Vanguard TotBdAdml CI 10.99 ... +0.8 +4.9/A +7.4/D +6.5/B Vanguard TotIntl d FB 13.26 +0.19 -8.2 -10.1/D +1.5/B -1.7/B Vanguard TotStIAdm LB 28.81 +0.24 -4.6 +3.0/B +4.3/A -0.1/B Vanguard TotStIIns LB 28.81 +0.23 -4.6 +3.0/B +4.3/A -0.1/B Vanguard TotStIdx LB 28.80 +0.23 -4.7 +2.9/B +4.2/A -0.2/B Vanguard WelltnAdm x MA 51.14 +0.02 -2.1 +2.8/B +6.4/A +3.3/A 30 Biggest Funds PERCENT RETURN/RK FUND OBJ NAV CHG 4-WK 12-MO 3-YR 5YR MONEY & MARKETS PROTO 5 DOW 11,153.98 +143.08 NASDAQ 2,480.76 -10.82 S&P 500 1,160.40 +9.34 30-YR T-BONDS 3.06% -.03 CRUDE OIL $82.14 +.93 GOLD $1,615.50 -.80 6-MO T-BILLS .04% +.01 EURO 1.3559 -.0023 p q p q p q p q

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Page 1: It’s all about Europe - AP Markets · Banco Bradesco SA BBD 14.77 +.07 +0.5% -27.2% -20.8% 15586 0.80 Bank of America BAC 6.31 +.25 +4.1% -52.7% -54.5% 250093 0.04 Barc iPath Vix

CommoditiesCrude oil rose 93 cents per barrel to $82.14 on hopesfor strongerdemand after the government said the U.S. economy grewa little faster in the spring than previouslyestimated.

Crude Oil (bbl) 82.14 81.21 +1.15 -10.1Ethanol (gal) 2.55 2.53 +0.24 +7.4Heating Oil (gal) 2.82 2.82 -0.01 +10.8Natural Gas (mm btu) 3.75 3.76 -1.38 -14.9Unleaded Gas (gal) 2.62 2.65 -1.19 +6.8

FUELS CLOSE PVS. %CH. %YTD

Gold (oz) 1615.50 1616.30 -0.04 +13.7Silver (oz) 30.47 30.09 +1.29 -1.4Platinum (oz) 1528.30 1534.20 -0.38 -13.8Copper (lb) 3.24 3.24 -0.02 -27.1Palladium (oz) 623.10 633.80 -1.69 -22.4

METALS CLOSE PVS. %CH. %YTD

Cattle (lb) 1.20 1.20 ... +11.6Coffee (lb) 2.31 2.34 -1.01 -3.9Corn (bu) 6.33 6.31 +0.28 +0.6Cotton (lb) 1.01 0.98 +2.68 -30.3Lumber (1,000 bd ft) 221.00 224.30 -1.47 -26.8Orange Juice (lb) 1.52 1.51 +0.73 -11.7Soybeans (bu) 12.30 12.24 +0.53 -11.8Wheat (bu) 6.54 6.39 +2.43 -17.6

AGRICULTURE CLOSE PVS. %CH. %YTD

Advanced 2181Declined 854New Highs 10New Lows 146

Vol. (in mil.) 4,570Pvs. Volume 4,224

2,2691,8971569

9514

214

NYSE NASDDOW 11271.14 10965.45 11153.98 +143.08 +1.30% s t t -3.66%DOW Trans. 4369.11 4247.51 4342.43 +88.25 +2.07% s t t -14.97%DOW Util. 439.13 431.71 438.56 +6.75 +1.56% s s s +8.29%NYSE Comp. 7051.39 6853.87 6974.91 +97.97 +1.42% s t t -12.42%NASDAQ 2538.97 2433.58 2480.76 -10.82 -0.43% s t t -6.49%S&P 500 1175.87 1139.93 1160.40 +9.34 +0.81% s t t -7.73%S&P 400 813.63 785.42 804.16 +8.11 +1.02% s t t -11.36%Wilshire 5000 12310.34 11923.11 12145.07 +95.56 +0.79% s t t -9.09%Russell 2000 669.53 645.33 662.80 +10.83 +1.66% s t t -15.42%

HIGH LOW CLOSE CHG. %CHG. WK MO QTR YTDStocksRecap

1,040

1,120

1,200

1,280

1,360

1,440

SA M J J A

1,080

1,160

1,240 S&P 500Close: 1,160.40Change: 9.34 (0.8%)

10 DAYS

2,300

2,400

2,500

2,600

2,700

2,800

2,900

SA M J J A

2,400

2,540

2,680 Nasdaq compositeClose: 2,480.76Change: -10.82 (-0.4%)

10 DAYS

NET 1YR TREASURIES YEST PVS CHG WK MO QTR AGO

3.253.253.25

.00-.25

.00-.25

.00-.25

PRIMERATE

FEDFUNDS

YEST6 MO AGO1 YR AGO

3-month T-bill .02 .01 +0.01 s r s .15

2-year T-note .26 .25 +0.01 s s t .42

10-year T-note 2.00 1.99 +0.01 s t t 2.5030-year T-bond 3.06 3.09 -0.03 s t t 3.69

5-year T-note 1.00 .94 +0.06 s s t 1.15

52-wk T-bill .09 .09 ... r r t .24

NET 1YRBONDS YEST PVS CHG WK MO QTR AGO

Barclays LongT-BdIdx 2.76 2.84 -0.08 s t t 3.32Bond Buyer Muni Idx 4.92 4.90 +0.02 s t t 4.87Barclays USAggregate 2.39 2.40 -0.01 s r t 2.53Barclays US High Yield 9.16 9.07 +0.09 s s s 7.85Moodys AAA Corp Idx 4.10 4.15 -0.05 s t t 4.47Barclays CompT-BdIdx 1.11 1.13 -0.02 s t t 1.46Barclays US Corp 3.84 3.84 ... s s s 3.61

Interestrates

The yield on the 10-year Trea-sury note rose to 2 percent Thursday. Yields affectinterest rateson consumer loans.

USD per British Pound 1.5590 -.0019 -.12% 1.5990 1.5795Canadian Dollar 1.0395 +.0110 +1.06% .9751 1.0305USD per Euro 1.3559 -.0023 -.17% 1.4088 1.3643Japanese Yen 76.71 +.18 +.23% 82.43 83.62Mexican Peso 13.4680 +.0910 +.68% 11.9544 12.4910

6MO. 1YR.MAJORS CLOSE CHG. %CHG. AGO AGO

Israeli Shekel 3.7298 +.0083 +.22% 3.5270 3.6377Norwegian Krone 5.8165 +.0396 +.68% 5.6063 5.8377South African Rand 7.9983 +.0961 +1.20% 6.8573 6.9589Swedish Krona 6.8345 +.0446 +.65% 6.3532 6.7159Swiss Franc .8994 +.0016 +.18% .9219 .9768

EUROPE/AFRICA/MIDDLE EAST

Australian Dollar 1.0295 +.0124 +1.20% .9720 1.0298Chinese Yuan 6.3998 +.0048 +.08% 6.5647 6.6934Hong Kong Dollar 7.7916 -.0031 -.04% 7.7918 7.7640Indian Rupee 49.170 +.395 +.80% 44.703 45.045Singapore Dollar 1.3005 +.0085 +.65% 1.2618 1.3156South Korean Won 1171.84 +4.19 +.36% 1112.49 1140.80Taiwan Dollar 30.49 +.04 +.13% 29.52 31.45

ASIA/PACIFIC

ForeignExchange

The euro rose against the dollar after German lawmakers voted in favorof a larger European bailout fund, which investors hope will at least delay a default by Greece and others.

LocalStocks

AT&T Inc T 27.85 +.10 +0.4% -5.2% +3.0% 98272 8 1.72Adv Micro Dev AMD 6.17 +.05 +0.8% -24.6% -2.2% 21605 6 ...Alcatel-Lucent ALU 2.91 +.03 +1.0% -1.7% -6.8% 13535 ...Alcoa Inc AA 10.07 -.04 -0.4% -34.6% -12.6% 38613 11 0.12Annaly Capital Mgmt NLY 17.48 -.08 -0.5% -2.5% +12.0% 16760 6 2.59Apple Inc AAPL 404.30 +2.48 +0.6% +25.3% +39.6% 18680 16 ...Applied Matls AMAT 10.59 +.23 +2.2% -24.6% -4.5% 16495 7 0.32Banco Bradesco SA BBD 14.77 +.07 +0.5% -27.2% -20.8% 15586 0.80Bank of America BAC 6.31 +.25 +4.1% -52.7% -54.5% 250093 0.04Barc iPath Vix ST VXX 50.34 +.50 +1.0% +33.8% +196.8% 35049 ...Boston Scientific BSX 5.76 +.14 +2.5% -23.9% ...% 17176 15 ...Brist Myr Sqb BMY 30.89 +.27 +0.9% +16.7% +14.8% 17350 16 1.32CSX Corp CSX 19.25 +.64 +3.4% -10.6% +2.6% 13211 12 0.48CVS Caremark Corp CVS 34.13 -.48 -1.4% -1.8% +16.6% 13567 14 0.50Cemex SAB de CV CX 3.54 +.20 +6.0% -65.6% -59.3% 18706 ...Chesapk Engy CHK 26.04 -1.04 -3.8% +0.5% +30.9% 18150 9 0.35Cisco Syst CSCO 15.61 +.28 +1.8% -22.8% -28.7% 65026 13 0.24Citigroup C 24.98 +1.02 +4.3% -47.2% -38.2% 54964 8 0.04Comcast Corp A CMCSA 21.40 +.38 +1.8% -2.1% +19.4% 19253 15 0.45Corning Inc GLW 12.35 +.22 +1.8% -36.1% -28.1% 17246 6 0.20Dell Inc DELL 14.40 +.40 +2.9% +6.3% +13.1% 20923 8 ...Delta Air Lines DAL 8.17 +.59 +7.8% -35.2% -33.6% 19026 16 ...Direxion SCapBear 3x TZA 52.13 -1.91 -3.5% +11.3% +89.1% 25566 ...Direxion FinBear 3x FAZ 69.12 -2.22 -3.1% +46.3% +437.2% 18789 ...Direxion FinBull 3x FAS 10.53 +.33 +3.2% -62.2% -53.2% 50191 ...Direxion SCapBull 3x TNA 34.72 +1.02 +3.0% -52.1% -22.5% 25677 ...Disney DIS 29.83 +.28 +0.9% -20.5% -11.9% 20811 13 0.40Dow Chemical DOW 23.53 +.51 +2.2% -31.1% -13.3% 13317 11 1.00DuPont DD 40.46 -1.19 -2.9% -18.9% -3.0% 14631 11 1.64Duke Energy DUK 19.79 +.30 +1.5% +11.1% +13.9% 13617 14 1.00eBay Inc EBAY 32.08 +.41 +1.3% +15.3% +30.1% 15529 24 ...EMC Corp EMC 20.62 +.11 +0.5% -10.0% -1.2% 23577 21 ...Exxon Mobil Corp XOM 69.31 +.07 +0.1% -5.2% +15.6% 25869 9 1.88Fifth Third Bcp FITB 9.84 +.24 +2.5% -33.0% -19.1% 13544 10 0.32Ford Motor F 9.86 +.24 +2.5% -41.3% -22.3% 69630 5 ...FMC&G FCX 32.37 +.23 +0.7% -46.1% -19.4% 22723 6 1.00Gen Electric GE 15.21 +.17 +1.1% -16.8% -5.3% 64349 13 0.60General Motors Co GM 21.00 +.76 +3.8% -43.0% ...% 13510 6 ...

Halliburton HAL 31.67 -1.05 -3.2% -22.4% +4.9% 22511 12 0.36Hecla Mng HL 5.69 -.40 -6.6% -49.5% -3.9% 13169 21 ...Hewlett Packard HPQ 22.32 -.48 -2.1% -47.0% -41.3% 68430 5 0.48iShares Gold Trust IAU 16.02 -.95 -5.6% +15.3% +34.3% 32060 ...iShares Brazil EWZ 53.60 +1.21 +2.3% -30.7% -23.7% 24591 3.42iShare Germany EWG 17.75 +.23 +1.3% -25.9% -15.8% 16982 0.67iShare Japan EWJ 9.34 +.03 +0.3% -14.4% -3.2% 20806 0.17iShares Taiwan EWT 12.11 +.28 +2.4% -22.5% -8.3% 14173 0.29iShares Silver Trust SLV 29.98 -4.94 -14.1% -0.7% +68.6% 93163 ...iShs FTSEChina25 FXI 32.27 +.74 +2.3% -25.1% -23.3% 24324 0.85iShs Emerg Mkts EEM 35.88 +.93 +2.7% -24.7% -17.9% 92717 0.84iShares Barc 20+TB TLT 120.83 -2.29 -1.9% +28.4% +21.6% 14682 4.02iShares EAFE EFA 47.19 +.53 +1.1% -18.9% -11.3% 38112 1.68iShares Rus 2000 IWM 65.14 +.66 +1.0% -16.7% -0.3% 77684 1.02iShares Real Est IYR 51.29 +.41 +0.8% -8.3% -0.5% 14253 2.18Intel Corp INTC 22.16 +.55 +2.5% +5.4% +17.5% 71265 10 0.84Itau Unibanco Hldg ITUB 15.02 +.33 +2.2% -37.2% -33.3% 18094 0.84JPMorgan Chase & Co JPM 29.59 +.32 +1.1% -30.2% -25.2% 50352 6 1.00Keycorp KEY 5.71 -.08 -1.4% -35.5% -25.5% 17385 6 0.12Las Vegas Sands LVS 44.38 -.44 -1.0% -3.4% +35.6% 16877 32 ...Level 3 Commun LVLT 1.49 +.05 +3.5% +52.0% +48.0% 20922 ...Lowes Cos LOW 19.74 +.84 +4.4% -21.3% -11.0% 19786 13 0.56MGM Resorts Intl MGM 10.32 +.04 +0.4% -30.5% -2.7% 19854 ...Mkt Vect Gold Miners GDX 56.41 -2.89 -4.9% -8.2% +5.9% 28755 0.40Marvell Tech Grp MRVL 15.30 +.73 +5.0% -17.5% -15.4% 14959 12 ...Merck & Co MRK 31.05 -.08 -0.3% -13.8% -11.7% 17999 11 1.52MetLife Inc MET 26.82 -.13 -0.5% -39.6% -29.7% 14928 7 0.74Micron Tech MU 6.65 +.22 +3.4% -17.1% -4.3% 33566 11 ...Microsoft Corp MSFT 25.06 ... ...% -10.2% +4.4% 61719 9 0.80Morgan Stanley MS 13.72 +.66 +5.1% -49.6% -46.9% 36608 30 0.20Mosaic Co MOS 57.70 -2.41 -4.0% -24.4% +0.1% 32836 11 0.20National Semi NSM 24.99 +.01 ...% +81.6% +103.7% 18101 21 0.40News Corp A NWSA 16.11 +.51 +3.3% +10.6% +16.8% 34489 14 0.19Nokia Corp NOK 5.24 -.02 -0.4% -49.2% -42.2% 24396 0.55Nvidia Corporation NVDA 13.79 +.28 +2.1% -10.5% +18.6% 24950 15 ...Oracle Corp ORCL 28.90 +.56 +2.0% -7.7% +5.0% 42689 16 0.24Petrobras PBR 23.09 +.02 +0.1% -39.0% -30.4% 16737 1.26Pfizer Inc PFE 17.45 -.04 -0.2% -0.3% +6.1% 48872 11 0.80

PowerShs QQQ Trust QQQ 54.15 +.57 +1.1% -0.6% +10.9% 75634 0.41ProSh UltraSht S&P SDS 25.50 -.23 -0.9% +7.3% -14.3% 54596 ...ProShs Ultra S&P500 SSO 38.19 +.35 +0.9% -20.5% -2.2% 28043 0.31ProSh USht Leh 20 Tr TBT 19.49 +.70 +3.7% -47.4% -41.1% 15681 ...ProShs UltSht S&P500 SPXU 20.51 -.35 -1.7% +5.7% -24.6% 18407 ...ProShs UltSht Silver ZSL 19.34 +4.32 +28.8% -50.8% -38.0% 30407 ...Qualcomm Inc QCOM 50.29 +.26 +0.5% +1.6% +17.4% 18062 21 0.86Regions Fncl RF 3.43 +.01 +0.3% -51.0% -49.9% 31535 0.04Research in Motion RIMM 21.32 +.06 +0.3% -63.3% -55.4% 17836 4 ...SPDR Gold Trust GLD 159.80 -9.25 -5.5% +15.2% +34.0% 50099 ...SPDR S&P500 ETF Tr SPY 113.54 +.68 +0.6% -9.7% +1.7% 269559 2.46Schlumberger Ltd SLB 61.20 -.02 ...% -26.7% +5.4% 16513 16 1.00Schwab Corp SCHW 11.38 +.35 +3.2% -33.5% -17.3% 13715 19 0.24Semicond Hld Tr SMH 29.72 +.60 +2.1% -8.6% +12.3% 16226 0.64Sirius XM Radio Inc SIRI 1.70 +.02 +1.2% +4.3% +50.0% 54609 57 ...Swst Airlines LUV 8.38 +.35 +4.4% -35.4% -33.4% 13893 13 0.02Sprint Nextel Corp S 3.18 +.17 +5.6% -24.8% -31.1% 59616 ...SPDR Materials XLB 30.24 -.05 -0.2% -21.3% -5.1% 23669 0.82SPDR HealthCare XLV 31.48 +.01 ...% -0.1% +5.8% 17946 0.64SPDR Consumer XLY 35.73 +.53 +1.5% -4.5% +7.7% 16533 0.61SPDR Energy XLE 58.70 -.64 -1.1% -14.0% +10.2% 30969 1.08SPDR Financial XLF 11.68 +.12 +1.0% -26.8% -20.3% 116255 0.20SPDR Industrial XLI 29.31 +.30 +1.0% -15.9% -4.9% 40883 0.69SPDR Technology XLK 24.00 +.27 +1.1% -4.7% +5.6% 25721 0.36Synovus Fincl SNV 1.10 -.08 -6.8% -58.3% -49.2% 15902 0.04Taiwan Semicon TSM 11.71 +.19 +1.6% -6.6% +21.8% 21460 0.52Texas Instru TXN 27.22 +.99 +3.8% -16.2% +5.1% 17049 10 0.68US Bancorp USB 23.21 +.30 +1.3% -13.9% +3.3% 17560 11 0.50US Oil Fund LP USO 31.09 -.04 -0.1% -20.3% -4.5% 14497 ...Vale SA VALE 23.99 +.36 +1.5% -30.6% -13.6% 22944 1.14Vanguard Emg Mkts VWO 36.79 +.79 +2.2% -23.6% -17.0% 44543 0.82Verizon Comm VZ 35.88 +.29 +0.8% +0.3% +15.9% 29935 15 2.00Weatherford Intl WFT 12.90 -.43 -3.2% -43.4% -20.8% 13384 68 ...Wells Fargo & Co WFC 23.69 +.52 +2.2% -23.6% -8.6% 45215 9 0.48Xerox Corp XRX 7.10 -.01 -0.1% -38.4% -28.6% 13967 13 0.17YRC Worldwide Inc YRCW .06 -.00 -6.7% -98.5% -99.1% 30261 ...Yahoo Inc YHOO 14.71 +.72 +5.1% -11.5% -0.4% 48392 17 ...Yamana Gold Inc AUY 13.72 -1.02 -6.9% +7.2% +34.7% 17852 16 0.18

YTD 1YR VOLNAME TCKR CLOSE CHG %CHG CHG RTN (Thous) P/E DIV

YTD 1YR VOLNAME TCKR CLOSE CHG %CHG CHG RTN (Thous) P/E DIV

YTD 1YR VOLNAME TCKR CLOSE CHG %CHG CHG RTN (Thous) P/E DIV

Toda

yPersonal income and spendingThe Commerce Department’s report for August will show whether con-sumers’ income rose or fell last month, and what they did with their money. It will show whether they were cutting back spending on expen-sive items like cars and computers as they worried about the economy. It will also show how much they are saving. During the recession, many consumers socked away money instead of spending.

Another reading on consumersThe Thomson-Reuters/University of Michigan consumer sentiment index is being released three days after the Con-ference Board reported another drop in consumer confi-dence during September. So investors’ expectations are low for today’s report. Economists expect it to be unchanged from the last reading of 57.8. Consum-ers were watching stocks plunge during August and September. That has made many of them uneasy about the future.

A look at Midwestern manufacturingThe Chicago Purchasing Manag-ers’ index will give an assess-ment of how manufacturing did in the Midwest during September. Economists and investors view the Chicago PMI as an indicator of what the national report on manufacturing from the Institute for Supply Management will say. That report comes out Monday. The forecast is for a slight dip in the Chicago index, to 55.9 from 56.5 in August. Source: FactSet

Personal spending, month-over-month change

0.2%-0.1 -0.1

0.2

M A M J J A

est.0.8

0.2

6-month T-bill .04 .03 +0.01 s r t .18

It’s all about Europe

David K. Randall, Jenni Sohn • AP

2011 isn’t turning out the way Bob Doll expected. The chief stock strategist at asset manager BlackRock started the year predicting the stock market would have a double-digit return for the third year in a row. But those predictions were squashed by fears of a financial crisis in Europe, the earthquake in Japan and the debt ceiling showdown in Congress. As of Thursday, the Standard and Poor’s 500 index was down 7.7 percent for the year. Doll talked recently with The Associated Press about the market.

What will it take for the stock market to end the year with a gain?

I wish I knew the answer. Right now, it’s all about Europe. Everything else is a sideshow. The answers (for Europe’s debt problems) are going to depend on policy makers. If there’s a smooth ending, we avoid a recession. If it’s bumpier, then it throws us back into one.

Do you think that a recession is likely?

As a betting man – which I am – I think chances are that we’ll muddle through and continue to grow slowly. If we do have a recession it would be mild. The cyclical parts of the economy that typically give us deep recessions – I’m thinking about housing and autos – have never really recovered from the last one.

What needs to happen for the

economy and stock market to improve?

We’ll have to have a major increase in (investors’) confidence, and that will only come if we have some long-term policies that will put in place (new infrastructure like roads and factories) and incentives to hire workers.

Do you think President Obama and the Republican-controlled House of Represen-tatives can accomplish that?

In terms of next year’s election, it would be great to see somebody run for president, or the incum-bent, come up with a clear plan and get a significant mandate. But nobody is expecting that.

What should an investor do?If you have a decent time

horizon and are dollar-cost averaging, now is a great time to be buying.

BLACKROCK CHIEF EQUITY STRATEGIST BOB DOLL

Spicing it up

Total returns through Sept. 28 SOURCES: Morningstar; FactSetAP

CompanySpotlight

McCORMICK (MKC)Thursday’s close: $46.33

52-WEEK RANGE$40.93 51.26

Price-to-earnings ratio: 17Based on past 12 months’ results

Dividend: $1.12 Div. Yield: 2.4%

Total return year to date: 1%3 years (annualized): 85 years (annualized): 6 10 years (annualized): 9

Investors are worried about higher costs for spice maker McCor-mick. Everything from cinnamon and pepper to packaging is costing it more, and the company is hiking prices for the second time in a year to compensate.

Customers stocked their cupboards with seasonings last quarter in advance of McCormick’s price increases. So analysts say sales may dip this quarter; yet many suggest sticking with the stock.

McCormick pays a $1.12

dividend, which eases the wait for a sales recovery, Jefferies analysts say. McCormick also is intro-ducing products, such as reduced-sodium seasoning mixes, that will help drive new demand, says Janney Capital Markets. The weak economy has more consumers eating at home and using spices.

The pipeline repair company cut its 2011 earnings expectations and said it has started a restructuring program to reduce costs.

Nationwide Mutual Insurance said it would acquire the insurer for $1.63 billion in cash to expand its pres-ence on the East Coast.

The tax preparer said it would end its EXPRESSTAX brand, which helped people file their taxes early and get refunds quickly.

The Columbus, Ohio-based metal manufacturer said that its first-quar-ter net income rose 15 percent thanks to lower expenses.

The cellphone maker said it would cut 3,500 jobs and close a Roma-nian factory by 2012 in order to save costs and restructure.

The chip maker cut its revenue and profit outlook for the third quarter due to manufacturing problems at a German factory.

SOURCE: Sungard AP

Stocks mostly rose after appli-cations for unemployment ben-efits fell to a five-month low and Germany voted to expand the powers of Europe's bailout fund. The Dow rose 1.3 per-cent. The S&P 500 index rose 0.8 percent. The Nasdaq com-posite fell 0.4 percent.

567

$8

J SA

Advanced Micro AMDClose: $5.31 -0.84 or -13.7%

$5.11 $9.58Vol.:Mkt. Cap:

67.8m (2.6x avg.)$3.67 b

52-week range

PE:Yield:

4.8...

456

$7

J SA

Nokia NOKClose: $5.77 0.22 or 4.0%

$4.82 $11.75Vol.:Mkt. Cap:

30.8m (0.9x avg.)$21.61 b

52-week range

PE:Yield:

7.89.9%

101520

$25

J SA

Worthington Industries WORClose: $14.43 0.51 or 3.7%

$12.84 $23.75Vol.:Mkt. Cap:

1.3m (1.2x avg.)$1.07 b

52-week range

PE:Yield:

9.43.3%

121416

$18

J SA

H&R Block HRBClose: $13.73 0.22 or 1.6%

$10.13 $18.00Vol.:Mkt. Cap:

3.2m (0.8x avg.)$4.2 b

52-week range

PE:Yield:

11.54.4%

20

40

$60

J SA

Harleysville Group HGICClose: $58.96 27.44 or 87.1%

$24.75 $58.96Vol.:Mkt. Cap:

4.6m (33.2x avg.)$1.6 b

52-week range

PE:Yield:

33.52.6%

101520

$25

J SA

Insituform INSUClose: $13.36 0.14 or 1.1%

$11.61 $30.00Vol.:Mkt. Cap:

1.9m (3.8x avg.)$527.52 m

52-week range

PE:Yield:

11.2...

American Funds BalA m MA 17.26 +0.09 -2.6 +4.1/A +5.4/B +2.1/BAmerican Funds CapIncBuA m IH 47.41 +0.42 -3.1 +0.9/B +3.9/C +1.4/CAmerican Funds CpWldGrIA m WS 31.06 +0.42 -5.6 -6.9/D +1.8/D 0.0/BAmerican Funds EurPacGrA m FB 35.11 +0.56 -7.2 -10.4/D +2.4/A -0.1/AAmerican Funds FnInvA m LB 32.84 +0.27 -5.5 -0.7/D +3.1/C +0.2/AAmerican Funds GrthAmA m LG 27.34 +0.03 -5.5 -1.2/D +2.7/D -0.5/DAmerican Funds IncAmerA m MA 15.82 +0.12 -2.7 +3.1/A +5.9/B +1.6/CAmerican Funds InvCoAmA m LB 25.28 +0.26 -4.2 -1.3/D +2.6/C -1.3/CAmerican Funds NewPerspA m WS 25.51 +0.17 -5.3 -3.3/C +4.6/B +1.5/AAmerican Funds WAMutInvA m LV 26.21 +0.32 -2.4 +6.1/A +3.3/B -0.5/ADodge & Cox IntlStk FV 29.60 +0.59 -7.1 -10.6/D +2.4/A -1.6/ADodge & Cox Stock LV 94.65 +1.02 -5.3 -1.5/D +2.4/B -4.3/DFidelity Contra LG 63.82 -0.23 -4.4 +2.8/C +5.7/B +2.7/AFidelity GrowCo LG 79.94 -0.50 -4.4 +7.0/A +9.5/A +4.7/AFrankTemp-Franklin Income A m CA 2.01 ... -2.4 +1.5/C +8.7/A +2.8/CFrankTemp-Templeton GlBondAdv IB 12.70 -0.01 -7.1 -1.7/E +11.0/A +10.2/AHarbor IntlInstl d FB 51.61 +0.84 -7.8 -7.8/B +2.6/A +1.0/APIMCO TotRetA m CI 10.78 -0.02 -1.4 +0.5/E +8.9/B +7.3/APIMCO TotRetAdm b CI 10.78 -0.02 -1.4 +0.7/E +9.1/B +7.5/APIMCO TotRetIs CI 10.78 -0.02 -1.4 +0.9/E +9.3/B +7.8/AVanguard 500Adml LB 106.85 +0.86 -3.9 +3.4/A +3.9/B -0.7/BVanguard 500Inv LB 106.85 +0.86 -3.9 +3.3/A +3.8/B -0.8/BVanguard InstIdxI x LB 106.14 +0.27 -3.9 +3.4/A +3.9/B -0.7/BVanguard InstPlus x LB 106.14 +0.27 -3.9 +3.4/A +4.0/B -0.6/BVanguard TotBdAdml CI 10.99 ... +0.8 +4.9/A +7.4/D +6.5/BVanguard TotIntl d FB 13.26 +0.19 -8.2 -10.1/D +1.5/B -1.7/BVanguard TotStIAdm LB 28.81 +0.24 -4.6 +3.0/B +4.3/A -0.1/BVanguard TotStIIns LB 28.81 +0.23 -4.6 +3.0/B +4.3/A -0.1/BVanguard TotStIdx LB 28.80 +0.23 -4.7 +2.9/B +4.2/A -0.2/BVanguard WelltnAdm x MA 51.14 +0.02 -2.1 +2.8/B +6.4/A +3.3/A

30 Biggest Funds PERCENT RETURN/RKFUND OBJ NAV CHG 4-WK 12-MO 3-YR 5YR

MONEY & MARKETS PROTO 5

DOW11,153.98 +143.08NASDAQ

2,480.76 -10.82S&P 5001,160.40 +9.34 30-YR T-BONDS

3.06% -.03 CRUDE OIL$82.14 +.93 GOLD

$1,615.50 -.806-MO T-BILLS.04% +.01 EURO

1.3559 -.0023pqp q p qp q