November 18, 2020

November 18, 2020

U.S. stocks fell on today as the market’s recent rally to new records took a breather. The worsening pandemic that brought on new restrictions overshadowed positive developments on the coronavirus vaccine front.

 

Dow Jones finished -345 at 29,438

S&P 500 finished -42 at 3,567

NASDAQ finished -98 at 11,801

 

The 10 Year Treasury closed even yielding 0.87%

Oil prices closed up $0.23 ending at $41.66 a barrel

Gold prices closed down $15.90 ending at $1,869 an ounce

 

In the days’ stock news:

 

  • Boeing closed down more than 3% despite having the Federal Aviation Administration lifting its ban on its 737 Max after a 20-month grounding following two deadly crashes.
  • Target closed up more than 2% after reporting blowout third-quarter earnings. Target reported adjusted earnings of $2.79 per share on revenue of $22.63 billion. Target’s curbside pickup service grew more than 500% and its home delivery service Shipt was up nearly 280%.

 

Daily Updates

January 18, 202.

The major averages fell sharply Tuesday after Goldman Sachs reported...

January 14, 202.

Stocks were mostly lower today at the end of an...

January 13, 202.

U.S. stocks closed negative today as investors considered a fresh...

Monthly Updates

Omicron Fears E.

Last month we pointed out that December is the best...

Another Covid V.

November is historically a good month for the market and...

Best Month of t.

Earnings are the fuel that drives the train and the...

Stay up to date with our newsletter