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Market Update : 
Holiday Sales Drive Stocks
Author: 123jump.com Staff
123jump.com
Last Update: 4:13 PM EST November 21 2006

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Market averages lost its mid-day trading momentum as oil gained. Oil rose and settled above $60. Weather conditions in Alaska prevented oil tankers loading. Deere & Co stock rose 6.55% on 19% jump in earnings on higher farm equipment prices. Google gained $14.60 to close at $509.65. Niche apparel retailers rose in anticipation of better holiday sales. Nordstrom gained 4.5% on earnings.

 
The U.S. dollar was lower against other major currencies in European trading Tuesday morning. The euro was quoted at US$1.2817, up from $1.2813 late Monday. The British pound was quoted at $1.8981, up from $1.8966. The dollar bought 118.01 Japanese yen, down from 118.09.
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