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Market Update : 
Silver Approaches $9
Author: 123jump.com Staff
123jump.com
Last Update: 7:48 PM EST December 07 2005

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Fourth quarter stock market rally looked tired today. As the market entered into the final three weeks of the months, averages traded sideways for the most of the session. Semiconductor, energy, utilities and materials sectors fell during the day. Gold, silver and copper rose and traded near record highs. Texas instruments raised its low end of the earnings guidance from 36 cents to 38 cent and range to 38 cents to 40 cents. Microsoft to invest $1.7 B in India in the next four years.

 
The U.S. dollar advanced against other major counterparts. The euro was quoted at $1.1724, down from $1.1794. The dollar bought 121.02 yen, up from 120.74. The British pound traded at $1.7315, down from $1.7418.

EARNINGS NEWS

Synovis Life Technologies Inc (SYNO: chart), medical device company, announced that Q4 profit advanced to 2 cents a share, breakeven with the year-earlier period. Earnings per share remained unchanged despite the profit gain because there were more shares
outstanding in Q4. Revenue advanced to $16.8 million from $14.6 million in the comparable period a year-ago.

Pall Corp. (PLL: chart), maker of filtration systems for industrial applications, announced that its Q1 earnings rose 16 percent to 20 cents per share, up from 17 cents per share in the same period last year on growth in its industrial and biopharmaceuticals segments. Sales increased 4 % and total industrial sales went up 6 %.
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