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Richard’s Thoughts on Being a Champion Worrier

Daily Recap

Major averages stalled ahead of the Thanksgiving holiday, weighed down by technology and financial shares. Less than stellar economic data also played a role, as durable goods order and consumer sentiment both came in below expectations. A signal from the Fed that it is on pace to raise rates in December also didn't help the situation.

 

At the end of the day, the Industrials fell 65 points, though the Transports managed to eek out a small 0.12% gain. The Nasdaq rose 0.07% while the broader S&P 500 fell 0.08%.

 

Overseas markets were also mixed, though perhaps with an upward bias. In Europe, the Stoxx 600 declined 0.27% while the Europe Dow headed the other way, gaining 0.41%. Meanwhile, Asia was fully in the green, with the Asia Dow up 0.78%. The Global Dow Index rose 0.44%.

 

Fixed income markets rallied today as the 10 and 30-year maturities both gained 11/32. The yield on the ... Log in or subscribe to continue reading.


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