The market ended mixed, as European leaders confirmed that they will meet multiple times over the next week to approve a key plan to resolve Europe's debt crisis. Also, the Greek parliament passed the latest package of austerity measures. Initial jobless claims fell by 6,000 to 403,000 in the latest week, which was in line with expectations. Tech sector cut its losses, but closed with mixed results following a series of disappointing earnings reports and outlooks from eBay and Lam Research, and fears about a slowdown in hard-drive production. Western Digital announced that it expects to see a big drop in its December quarter sales due to having to close some production facilities in Thailand after months of flooding in the country. That outlook pushed down Dell and Hewlett-Packard as both companies are customers of WD. After the close Seagate advanced 10% on upbeat earnings but cautioned that there will be a significant impact on the industry from flooding in Thailand. Microsoft was off 1.2% after the co. reported results in line with estimates. Implied volatility inched higher on light trading volumes.NEAREST RESISTANCE LEVELS: 56.7, 56.8, 57.8, 58.3, 59.3
NEAREST SUPPORT LEVELS: 56.5, 55.8, 53.0, 50.0
