Wednesday 18 November 2020: The Dow and S&P500 pulled back from records
Nov 17, 2020 ·
5m 9s
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The Dow and S&P500 pulled back from records, with the latest data confirming a slowdown in retail sales - Dow fell -167-points or -0.56%, having been down over >400-points at...
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The Dow and S&P500 pulled back from records, with the latest data confirming a slowdown in retail sales - Dow fell -167-points or -0.56%, having been down over >400-points at its worst levels of the session. Boeing Co rose +3.78% on reports that the Federal Aviation Administration is planning to recertify the 737 Max as soon as Wednesday (18 November).The broader S&P500 lost -0.48%, with Utilities (down 2.01%) and Health Care (--1.0%) leading nine of the eleven primary sector lower. Energy (up +0.5%) and Real Estate (+0.12%) were the only primary sectors to advance. Pharmacy owner CVS Health Corp (down -8.62%) and Dow-member Walgreens Boots Alliance (-9.63%) dropped after Amazon.com Inc (up +0.15%) launched a pharmacy business, which allows free delivery of medications for Prime members. Tesla Inc rallied +8.21% after S&P Dow Jones confirmed after the close of the previous session that the electric vehicle maker will be added to the S&P500 at the next index re-balance on 21 December Nasdaq -0.19%. The small capitalisation Russell 2000 index logged its third straight record closing high, rising +0.37% to 1,791.91.
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Author | Morgans Financial Limited |
Organization | Morgans Financial Limited |
Website | - |
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