Midday Lunch

Dow	10485.33	+33.33	(+0.32%)
Nasdaq	2216.22	+15.39	(+0.69%)
SP 500	1114.70	+6.77	(+0.61%)
10-yr Note	+9/32	3.55%
NYSE	Adv 2112	Dec 856	Vol 487 mln
Nasdaq	Adv 1656	Dec 937	Vol 951 mln

Stocks are trading off their earlier highs still the tone remains positive as advancers outpace decliners. 

Housing starts jumped 8.9% in November from 527,000 to 574,000. That was in-line with the median estimate. The rise in starts came in the face of declining sentiment among homebuilders.

The CPI rose 0.4% in November, in-line with the consensus estimate, the jump in prices was solely due to increases in gasoline prices.  The core prices which exclude food and energy posted no increase. Economists' median estimate called for a slight 0.1% increase in the core rate.

S&P announced they lowered the debt rating on Greece from A- to BBB+.

Adobe Systmems Inc. (ADBE) reported earnings the beat estimates by 5.41%.  Reported EPS $0.39, Consensus EPS $0.37

Best Buy Co. (BBY) reported earnings the beat estimates by 23.26%.  Reported EPS $0.53, Consensus EPS $0.43

The Federal Reserve will announce their decision on interest rates at 2:15PM.  Most economist believe they will leave interest rates unchanged at 0.00%-0.25%.