5:00PM New York, 11:00PM Frankfurt, 2:30AM Mumbai – Oil at another high and U.S. banks report lower earnings on mortgage market related charges.

Global Markets Indexes

Dow Jones Industrial Average closed down 3.58 or 0.03% to a close of 13,888.96, S&P 500 edged lower 0.08% or 1.16 to 1,540.08, and Nasdaq Composite Index traded up 6.64 or 0.24% to a close of 2,799.31. In Toronto TSX Composite gained 112.53 or 0.79% to close at 14,332.03.

Of the 30 stocks in Dow Jones Industrial Average 13 closed higher, 17 closed lower, and none were unchanged.

American Express led the decliners with a fall of 2.36% followed by declines in Citigroup of 1.9%, Disney of 1.7%, and AIG of 1.4%. General Motors led the gainers with a rise of 3.2% followed by increases in Boeing of 1.4%, Alcoa of 1.08%, and Intel of 0.94%.

Of the stocks in S&P 500 247 closed higher, 246 fell, and 7 closed unchanged.

Sixteen stocks rose 3% or more and 24 fell 3% or more. Baxter International led the gainers with a rise of 7.7% followed by increases in Union Pacific of 5.8%, Noble Corp of 5.5%, Nucor of 5.4%, and Tenet Healthcare of 4.8%. IMS Healthcare led the decliners with a fall of 22% followed by losses in MGIC of 8.45%, E*Trade Financial of 8%, and Washington Mutual of 7.7%. Countrywide Financial fell 4.8%.

In London FTSE 100 Index closed down 68.30 or 1.02% to 6,609.40, in Paris CAC 40 index fell 51.56 or 0.89% to close at 5,767.24, and in Frankfurt DAX index decreased 0.80% or 64.01 to close at 7,921.40. In Zurich trading SMI fell 0.49% or 44.33 to close at 9,027.48.

In Tokyo Nikkei 225 index gained 0.89% or 150.78 to close at 17,106.09, in Hong Kong Hang Seng index closed up 0.57% or 166.34 to 29,465.05, in Australia ASX 200 closed down 11.90 or 1.31% to close 6,767.70.

Sensex in India fell 1.76% or 336.04 to 18,715.82. In South Korea Kospi Index rose 21.15 or 1.07% to close at 2,005.09 and Indonesia closed down 24.85 to 0.94% to 2,616.74.

In Latin Markets Venezuela led the gainers with a rise of 2.33% followed by an increases of 1.35% in Argentina, and 1.04% in Colombia. Mexico added 0.35% and Brazil edged up 0.11%.

Bond Yields edged lower on 10-year U.S. bonds to 4.55% and 30-year bond edged lower to close at 4.81%.

Commodities, Metals, and Currencies

Crude oil rose $2.07 to close at $89.47 per barrel for a front month contract, up 42.5% for the year, natural gas fell 0.08 cents to $7.37 per mBtu, and gasoline futures declined 3.85 cents to close at 218.51 cents per gallon.

Gold edged up $6.40 in New York trading to close at $768.70 per ounce, silver closed up 0.05 cent to $13.80 per ounce, and copper for front month delivery in London fell $87.00 to $7,995.00 per pound.

Dollar edged record low against euro to $1.4294 from $1.418 and higher to 115.62 yen from 116.66 yen.

U.S. Earnings News

After the close Google (GOOG: chart) reported that it earned $1.07 billion or $3.38 per share up from $733.4 million from $2.36 per share, an increase of 46%. Revenue in the period increased 57% to $4.23 billion. The stock in the regular trading hours increased $6.14 to close at $639.62 and added another $3.20 in the after hours of trading.

Advanced Micro Devices (AMD: chart) reported a loss of 396 million or 71 cents compared to $136 million or 27 cents per share. Sales in the quarter jumped $1.63 billion from $1.52 billion an increase of 23%. AMD jumped 44 cents in the regular trading hours to close at $14.55 and added in the after hours of trading to trade at $14.80.

Intuitive Surgical (ISRG: chart) reported net income in the third quarter of $40.90 million or $1.04 per share, from $17.30 million or 45 cents per share a year ago. The revenue in the quarter increased 64% to $156.9 million from $95.80 million. The company stock surged $19.72 to close at $256.44 and added another 5% and traded at $271 in the afterhours.

SanDisk (SNDK: chart) reported its third quarter income of $84.6 million, down 15% from $103.3 million. Earnings per share declined to 36 cents from 51 cents a year ago. Revenue in the quarter increased 38% to $1.04 billion from $751.4 million.