Market Snapshot - Tuesday 11.19.19

DJIA Futures Tuesday 11.19.19


S&P 500 Futures Tuesday 11.19.19


Nasdaq Composite Futures Tuesday 11.19.19


The Dow, S&P 500, and the Nasdaq hit all time highs today but only the Nasdaq was able to maintain its advance heading into the close. Despite support from Q3 corporate earnings, with three quarters of all S&P 500 companies topping analyst expectations, a few reversals were weighty enough to stem the mighty advances in the broader market. Reversals today consisted mainly of Dow components Boeing (-1.5%) and Home Depot (-5.4%).


Boeings slide is attributable to the National Transportation Safety Boards recommendation that the company redesign engine covers for 737 planes numbering in the thousands. Home Depots slide had to do with disappointing results on same-store sales figures.


Housing starts showed acceleration in residential investment as the figures came in at 1.314 million, higher than the expected 1.320 consensus. Permits were well above expectations at 1.461 million, the strongest figures since 2007, topping economist expectations of 1.378.


The Dow closed down 102.20 points or -0.3% at 27,934.02. The S&P 500 slid 0.06% to close at 3,120.18. The Nasdaq meanwhile edged higher 02% to close at 8,570.66, am all-time closing high.



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