US stock markets outlook november 2 2011

Indonesia stock info - US stock markets outlook november 2 2011 ; US markets closed mostly lower yesterday, amid downbeat initial jobless claims data. Banks, Citigroup, JPMorgan Chase and Wells Fargo fell between 0.8% and 1.8%, after Massachusetts sued the Banks over deceptive foreclosure practices. Kohl's dropped 6.4%, after the company reported a 6.2% decline in same stores sales in November. Alcoa dropped 2.1%, tracking the movement in metal prices. Barnes & Noble tumbled 16.3%, after the company reported second-quarter sales that missed the analysts estimates.

Finisar slumped 12.6%, after the company posted a fall in its fiscal second-quarter profit. Yahoo! gained 3.3%, on reports that China's Alibaba Group was preparing a takeover bid with private equity firms Blackstone and Bain Capital. The DJIA fell 0.2%, to settle at 12,020.0, while the NASDAQ advanced 0.2%, to close at 2,626.2. The S&P 500 slipped 0.2%, to settle at 1,244.6.

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