Daily Market Update 11/18/10

Rates inched higher Thursday as news that a rescue plan for Ireland may be near, causing investors to shift to riskier assets, helping stocks, and hurting bonds and mortgage-backed securities. Weekly Jobless Claims increased to 439,000, close to expectations. Leading Indicators rose 0.5%, matching forecast. The Philadelphia Fed Index, a business outlook survey of manufacturers in Pennsylvania, New Jersey, and Delaware, came in at 22.5, well above the consensus forecast. Stocks moved sharply higher. No other key data will be released today.