DJIA Futures Wednesday 11.27.19

downov27-300x166 Market Snapshot - Wednesday 11.27.19 (mid-day)

S&P 500 Futures Wednesday 11.27.19

spnov27-300x165 Market Snapshot - Wednesday 11.27.19 (mid-day)

Nasdaq Composite Futures Wednesday 11.27.19

nasdaqnov27-300x169 Market Snapshot - Wednesday 11.27.19 (mid-day)

On the day before the Thanksgiving holiday, the Dow, S&P 500, and the Nasdaq Composite advanced to record highs, completing four consecutive days of rallying. Today’s optimism may have been  largely due to President Trump’s comments on Tuesday, indicating that the US and China were in the final stages of negotiation for a phase one trade deal.

Durable goods orders bucked expectations, coming in at 0.6% whereas consensus outlook was set to -0.7%. GDP figures show that the economy had grown at an annual rate of 2.1%, above the 1.9% that economists had expected. Jobless claims came in at 213,000 (for the week ending Nov 23), lower than the anticipated consensus figure of 215,000. Growth in income remain soft, with personal income coming in at 0.0% and consumer spending at 0.3%.

The S&P 500 rose 0.4% to 3153.64. The Nasdaq climbed higher by 0.7% to 8705.18. The Dow advanced 0.2% to 28,164. 

 

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