Thursday 19 November 2020: US equity markets retreated
Nov 18, 2020 ·
5m
US equity markets retreated as a rise in coronavirus cases and fresh lockdown measures overshadowed some more positive news on the vaccine front - Dow lost -345-points or -1.16%, relinquishing...
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US equity markets retreated as a rise in coronavirus cases and fresh lockdown measures overshadowed some more positive news on the vaccine front - Dow lost -345-points or -1.16%, relinquishing an earlier +147-point rise. Only three Dow components – Dow Inc (+1.51%), Caterpillar Inc (+0.48%) and Salesforce.com Inc (+0.39%) advanced. Boeing Co down -3.21% despite the Federal Aviation Administration approved the return to service of the aerospace giant’s 737 MAX jets, which have been grounded since March 2019. The broader S&P500 logged its first back-to-back decline in three weeks, down -1.16%. Energy (down -2.88%) and Utilities (-1.93%) led all eleven primary sectors lower. The technology-centric Nasdaq shed -0.82%. The small capitalisation Russell 2000 index lost -1.26% after posting three record closing highs on the spin.
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