Dow Hits New High Despite Tepid Trading

Retail earnings again were in focus

Nov 26, 2019 at 4:34 PM
facebook X logo linkedin


Stocks spent most of the day trading in positive territory, with the Dow, S&P 500, and Nasdaq all hitting record highs, though they closed with only modest gains. Retail earnings were again in focus, with mostly favorable reactions, while investors also weighed a batch of lukewarm economic data. Overall, however, it was a somewhat low-volume session on Wall Street, with many traders possibly already stepping away from their desks ahead of Thursday's Thanksgiving Day holiday.

Continue reading for more on today's market, including:.

The Dow Jones Industrial Average (DJI - 28,121.68) rose 55.2 points, or 0.2%, with 17 of 30 components closing higher. Merck (MRK) had the best day, adding 1.9%, and Walgreens Boots Alliance (WBA) was the worst off with its 1.7% decline.

The S&P 500 Index (SPX - 3,140.52) rose 6.9 points, or 0.2%, and the Nasdaq Composite (IXIC - 8,647.93) added 15.5 points, or 0.2%.

The Cboe Volatility Index (VIX - 11.54) dipped 0.3 point, or 2.8%.

Closing Indexes Summary Nov 26

NYSE and Nasdaq Stats Nov 26

5 Items on Our Radar Today

  1. The Food and Drug Administration's (FDA) CBD warning last night sent waves throughout the weed sector today. The FDA on Monday said there are "serious concerns about potential harm from CBD." (MarketWatch)
  2. Mexico's economy has entered what one economist deemed a "technical recession." It's rare to see the Mexican economy retract while the U.S. keeps growing, and this comes as Congress still has yet to approve the U.S.-Mexico-Canada (USMCA) trade agreement -- a replacement for NAFTA. (CNBC)
  3. Bulls keep targeting Disney.
  4. A beverage stock for call buyers to bet on.
  5. 3 stocks that saw heavy options trading.

Corporate Earnings Nov 26

Unusual Options Activity Nov 26

Oil and Gold Prices Gain

Oil prices rose today thanks to trade-deal hopes. January crude futures finished up 40 cents, or 0.6%, at $58.41 per barrel.

Gold prices also grabbed a win today. December gold futures added $3.40, or 0.2%, at $1,460.30 an ounce.

 

Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.


Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!

 

 
 
 


 
 

Rainmaker Ads CGI