Midday Market Update 11-05-09

" Retailers announced October sales this and it looks to help homebuyers. And how the Yankees play on Wall Street I'm Chris -- is your midday market report. The Senate voted overwhelmingly Wednesday night approved legislation extending unemployment benefits and maintaining that 8000 dollar tax credit for first time homebuyers. The home buyer credit will be extended until the end of April. And will be expanded on a limited basis to include 6500 dollar credit for existing home buyers the bill now moves to the house. Retailers have begun reporting their same store sales figures for October today and it impressed so far. Citing exceptionally cold weather that real sales of seasonal items. Chain stores are so arguing their three month between at this school and before the holiday season. Costs go either way with a 5% increase beating expectations. Vetoes are expected as a whole reported 2% increase in sales for the month which would there -- since June of 2008. And Yankee fans rejoice in this what are you into their bombers were crowned world champions the 27 time last night. Those who worked on Wall Street maybe taking -- victory with a small grain of salt however. According to an S&P study going back 73 years the average annualized return in the S&P 500. In the year following a Yankee World Series wins with 10%. Following a loss. 13%. Still. It is always about the vengeance that's an ID market report in new York and Chris Dodd. "