Stocks mostly fell as investors were focused on Europe. Meanwhile the jobless rate unexpectedly fell in October, to a six-month low of 9% from 9.1% in September, payrolls rose by 80,000 last month, a bit less than expected, but gains for August and September were revised higher. Tech stocks closed with mixed results highlighted by reaction to LinkedIn’s disappointing earnings results and stock-offering plan and Groupon ’s initial public stock offering. Groupon climbed 30.6% as the co. made its public debut after initially pricing its share at $20 each. Advanced Micro Devices fell after the co. said it would cut about 1,400 jobs due to slowing sales of PCs. This week investors will focus on European sovereign debt developments as earnings season is almost over. Among big names, Cisco Systems, Macy’s, Walt Disney Co. and Nvidia report results. On the U.S. economic calendar, consumer credit data and foreign trade for September, November consumer sentiment data come out this week. Also, China’s monthly economic figures, including consumer and producer inflation, industrial output and retails sales, will be closely-watched on Wednesday. Implied volatility jumped to the 27.5 level on light trading volumes.NEAREST RESISTANCE LEVELS: 58.05, 58.2, 58.5, 59.1, 59.3
NEAREST SUPPORT LEVELS: 57.7, 57.5, 56.4, 56.12, 55.8, 53.0, 50.0
