Stocks Close Higher, Reverse Course on Stimulus Buzz

FAANG stocks rose to help as well

Deputy Editor
Nov 19, 2020 at 4:28 PM
facebook X logo linkedin

Stocks rose today, the Dow reversing course after two days of triple-digit losses as investors flocked toward major tech names in the face of a third-wave of coronavirus infections. The blue-chip index tacked on almost 45 points, after data from Johns Hopkins University showed that the seven-day average of daily new U.S. COVID-19 infections is now over 161,000, and the death toll has topped 250,000. Meanwhile, the S&P 500 and the tech-heavy Nasdaq Composite finished higher too, after FAANG stocks and Microsoft (MSFT) all notched wins. Also boosting sentiment is news from Senate Minority Leader Chuck Schumer, that Majority Leader Mitch McConnell is willing to resume stimulus relief talks.

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

  • Increased wages sent this coffee stock stumbling.
  • Billion-dollar buyout boosts Nasdaq stock.
  • Plus, why L Brands stock is all the rage; the latest pharmaceutical company to update their vaccine candidate; and one food giant worth paying attention to.

The Dow Jones Industrial Average (DJI - 29,483.23) rose 44.8 points, or 0.2%. (CRM) rose to top of the list today, after it gained 2.9%. Meanwhile, UnitedHealth (UNH) paced the laggards with a 2.2% drop.

Meanwhile, the S&P 500 Index (SPX - 3,581.87) gained 14.1 points, or 0.4%, for the day. The Nasdaq Composite (IXIC - 11,904.71) added 103.1 points, or 0.9% for the day. 

Lastly, the Cboe Volatility Index (VIX - 23.11) fell 0.7 point, or 3.1% for the day.

Closing Summary Nov 19

nyse nasdaq nov 19

  1. The U.S. Centers for Disease Control and Prevention (CDC) is recommending Americans do not travel for the upcoming Thanksgiving holiday in order to curb the spread of COVID-19. (CNBC)
  2. U.S. President Donald Trump's re-election campaign announced it will withdraw a lawsuit in Michigan. Also worth noting, battleground state Georgia was expected to affirm Joe Biden's victory following a recount. (Reuters)
  3. Options traders and bulls piled on L Brands stock following earnings.
  4. AstraZeneca is the latest company to provide a coronavirus vaccine update.
  5. Why Campbell Soup stock is worth looking into.

Earnings Nov 19


Oil, Gold Slip Amid Rising COVID-19 Infections

A surge in global coronavirus cases sent oil prices slightly lower today, as concerns about the outlook of black gold demand dampened investor sentiment. In response, December-dated crude shed 8 cents, or 0.2%, to settle at $41.74 a barrel.

Gold prices fell, too, as the progress of a COVID-19 vaccine, as well as a strengthening U.S. dollar, boosted hopes of a smooth economic recovery. As a result, December gold lost $12.40, or 0.7%, to settle at $1,861.50 an ounce for the day, its third session lower.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI