MARKET FOCUS
U.S. stocks ended lower on Tuesday amid concern that Intel’s mid-quarter update may be weak, while the U.S. dollar’s recent slide remained a worry.
The U.S. dollar fell to a new all-time low against the euro, trading at $1.3335 against the European currency, a worst level than the prior low of $1.3328 set on Nov. 26.
There were worries about the global economic outlook as well, as the Organization of Economic Cooperation and Development lowered its 2005 forecast for the United States, Japan and the eurozone, citing the negative impact of high oil prices.
The Chicago PMI regional manufacturing index came in at 65.2 in November, down from 68.5 in October but above forecasts.
OUTLOOK
The ISM national manufacturing index for November is seen at 56.8, unchanged from December.
The market will next brace for the November employment report on Friday, when forecasters anticipate the addition of about 200,000 jobs following a gain of 337,000 in October, while the jobless rate should slip to 5.4 percent from 5.5 percent.
THE NUMBERS
The Dow Jones Industrial Average gave up 47 points, or 0.4 percent, to 10,428. The Nasdaq composite index lost 10 points, or 0.4 percent, to 2,096 while the Nasdaq-100 index of large capitalization tech and biotech stocks ended off 0.5 percent at 1,571.
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