4:00PM New York, 10:00PM Frankfurt, 1:30AM Mumbai – U.S. stocks traded sideways on the worries related to housing market.

Global Markets Indexes

Dow Jones Industrial Average closed down 32.68 or 0.23% to a close of 13,880.26, S&P 500 edged lower 0.03% or 0.45 to 1,538.08, and Nasdaq Composite Index traded up 21.62 or 0.78% to a close of 2,785.53. In Toronto TSX Composite gained 45.09 or 1.25% to close at 14,198.12.

Of the 30 stocks in Dow Jones Industrial Average 14 closed higher, 16 closed lower, and none were unchanged.

United Technologies led the decliners with a fall of 3.8% followed by losses in Home Depot of 2.8%, in IBM of 2.5%, and in General Motors of 1.9%. Intel led the gainers in the index with a rise of 4% followed by increases in J P Morgan of 3.3%, in Microsoft of 1.9%, and Hewlett Packard of 1.8%.

Of the stocks in S&P 500 182 closed higher, 315 fell, and 3 closed unchanged.

Eleven stocks rose 3% or more and 16 fell 3% or more. Yahoo led the gainers with a rose of 7.2% followed by increases in Nvidia of 5.9%, in CSX of 5.8%, and in Intel of 4.05%. MGIC Investment led the decliners with a sharp fall of 15% followed by declines in Paccar of 6%, in CIT Group of 4.85%, and in Countrywide of 4.5%.

In London FTSE 100 Index closed up 63.40 or 0.96% to 6,677.70, in Paris CAC 40 index rose 44.44 or 0.77% to close at 5,818.80, and in Frankfurt DAX index increased 0.29% or 22.77 to close at 7,985.41. In Zurich trading SMI rose 0.10% or 9.08 to close at 9,071.81.

In Tokyo Nikkei 225 index dropped 1.07% or 182.62 to close at 16,955.31, in Hong Kong Hang Seng index closed up 1.19% or 344.16 to 29,298.71, in Australia ASX 200 closed down 11.90 or 0.18% to close 6,680.10.

Sensex in India fell 1.76% or 336.04 to 18,715.82. In South Korea Kospi Index fell 21.82 or 1.09% to close at 1,983.94 and Indonesia closed up 3.38 to 0.13% to 2,641.59.

In Latin Markets Brazil led the gainers with a rise of 1.80% followed by increases of 1.12% in Mexico, and 0.76% in Chile. Venezuela and Colombia fell 2.2%.

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 fell $0.60 to close at $87.01 per barrel for a front month contract, up 41.0% for the year, natural gas rose 0.08 cents to $7.44 per mBtu, and gasoline futures declined 3.27 cents to close at 214.10 cents per gallon.

Gold edged up $0.30 in New York trading to close at $762.30 per ounce, silver closed up 9.20 cent to $13.75 per ounce, and copper for front month delivery in London fell $101.50 to $8,082.00 per pound.

Dollar edged lower against euro to $1.418 from $1.417 and higher to 116.66 yen from 117.71 yen.

U.S. Earnings News

J P Morgan (JPM: chart), banking and financial services group, reported third quarter earnings rise of 4% to $16.11 billion from a year ago. Net income increased 2% to $3.3 billion in the period and earnings per share increased 5% to 97 from 92 cents.

Coca Cola (KO: chart) reported third quarter earnings increase of 13% on revenue rise of 19%. The beverage company reported revenue of $7.69 billion and earnings of $1.65 billion in the quarter. Global volume of sparkling beverages increased 4% and flat beverages rose 14%. Domestic revenue rose 21% on acquisition and in the European Union increased 6%.

United Technologies (UTX: chart) third quarter revenue increased 14% to $13.86 billion and earnings increased 20% to $1.21 billion. Earnings per share increased to $1.21 from 99 cents a year ago.

Altria Group Inc (MO: chart) reported third quarter revenues rose 8.9% to $19.21 billion from $17.64 billion a year ago helped by firmer U.S and international tobacco prices. Excluding excise taxes, revenue rose 5.9% to $9.96 billion.