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Stock Market Today

Monday, November 12 2018

Daily Updates

Stock Market Today: November 12, 2018

William G. Ferguson, Harvey S. Katz, CFA, and Adam Rosner | 11/12/2018

Stocks opened lower this morning, and weakened further as the session progressed. Ultimately, the bulls and bargain hunters remained on the sidelines, making it difficult for the major averages to rebound. At the close of the session, the Dow Jones Industrial Average was down 602 points; the broader S&P 500 Index was off 55 points; and the technology-heavy NASDAQ was lower by 206 points (nearly a 3% drop).

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Stocks Highlights

Dow 30 Earnings: The Walt Disney Company Fourth Quarter Fiscal 2018

Orly Seidman | 11/09/2018

Media conglomerate and Dow-30 component The Walt Disney Company closed out fiscal 2018 in fine fashion. The Parks & Resorts and Studio Entertainment businesses once again led the way. The stock was modestly higher in early trading.

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Markets Commentaries

The Federal Reserve Held The Line On Interest Rates This Afternoon

Harvey S. Katz, CFA | 11/08/2018

An increasingly transparent Federal Reserve did the expected earlier this afternoon and the stock market yawned. On point, the lead bank's FOMC meeting voted unanimously to keep the federal funds rate target unchanged at 2.25%. This was the penultimate Fed meeting of this year, with one more get together scheduled for next month.

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