US stocks slipped following the Standard Poor’s 500 Index’s best weekly rally this year, as gains in consumer companies were overshadowed by a retreat in Allergan and Pfizer amid their record $US160 billion merger deal.

The SP 500 fell 0.1 per cent to 2086.66 at 4pm in New York, after rising 3.3 per cent last week, the most since December. The Dow Jones industrial average fell 31 points, or 0.17 per cent, to 17,792.81andthe Nasdaq Composite dropped 2.44 points, or 0.05 per cent, to 5102.48.

“There are more reasons than usual to sit on your hands during Thanksgiving week,” said Matt Maley, an equity strategist at Miller Tabak Co in New York. “It’s a combination of a lack of positive reaction in the oil market to help oil rally and concerns a little bit about Brussels. With stuff going on in Europe, people are asking, ‘Do I really need to step to the plate after a 3 per cent rally last week?’”

Stocks earlier extended declines as concerns over terrorism intensified after AFP reported an explosive belt was found in a trash bin in a Paris suburb. The search for a key suspect in the Paris terror attacks kept Brussels in an unprecedented lockdown that brought business to a standstill.

The main US equity gauge surged last week after Federal Reserve officials signalled the economy is strong enough to withstand the first rate increase since 2006, and investors grew more comfortable with the notion that borrowing costs may soon be higher. Stocks have gained in seven of the past eight weeks, boosted by raw-material, industrial and technology shares, taking the SP 500 to within 2 per cent of a record set in May.

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Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) decreased -8.94% and close at $25.88 in the last trading session with the overall traded volume of 1.83 million shares, versus the average volume of 663,922 shares. Its fifty two week range was $13.81-$29.25. It has market cap of $4.41 billion while its total outstanding shares are 1.02 billion. Grupo Financiero Galicia S.A. (ADR)(NASDAQ:GGAL) operates as a financial services holding company in Argentina. The company operates through Banking, Regional Credit Cards, CFA Personal Loans, and Insurance segments. It offers financial products and services to large corporations, small and medium-sized companies, and individuals, including wholesale banking services; financial support and cash management services; foreign trade; corporate debt and securitization transactions; and e-solutions to various agencies, municipalities, and universities. The company also provides personal, consumer, and payroll loans, as well as loans to public sector employees; time deposits; checking and savings accounts, credit and debit cards, payroll direct deposits, and other services; insurance; and retirement and pension payments.

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Cavium Inc (NASDAQ:CAVM) moved down -8.32% with the closing price of $64.59. The overall volume in the last trading session was 2.50 million shares. Its fifty two week range was $53.99-$77.42. The total market capitalization remained $3.94 billion while its total outstanding shares are 55.93 million. Cavium Inc(NASDAQ:CAVM)on November 17, 2015 announced a collaboration with Bright Computing in support of Cavium’s ThunderX processor family. With this collaboration Bright Computing plans to deliver the comprehensive software solutions of Bright Cluster Manager to ThunderX for provisioning and managing HPC clusters, Hadoop clusters and OpenStack clouds in the data center or in the cloud.

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VimpelCom Ltd (ADR) (NASDAQ:VIP) decreased -7.55% to close at $3.43 in the last trading session and its total traded volume was 4.43 million shares versus average volume of 2.25 million. The company has market cap of $6.52 billion while its total outstanding shares are 1.75 billion. VimpelCom Ltd (ADR)(NASDAQ:VIP)on November 18, 2015 announced that its 51.9% owned subsidiary, Global Telecom Holding S.A.E. (“GTH”), has entered into an agreement with ZARNet (Private) Limited to sell its stake in Telecel International Limited for  $40 million. Telecel International owns 60% of Telecel Zimbabwe (Pvt) Ltd. Transfer of ownership to ZARNet will occur after customary conditions are satisfied. ZARNet is wholly owned by the Government of the Republic of Zimbabwe through the Ministry of Information Communication Technology, Postal and Courier Services.

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