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Stock Market Today

Tuesday, November 13 2018

Daily Updates

Stock Market Today: November 13, 2018

Harvey S. Katz, CFA | 11/13/2018

The steady drip, drip of selling hit Wall Street from the opening bell yesterday morning, as stocks, notably lower in the pre-market hours, continued their descent as live trading began. As the day concluded, the final tallies made rather upsetting reading for those long equities. Specifically, the Dow Industrials tumbled 602 points; the S&P 500 Index shed 55 points; and the NASDAQ plunged 206 points. Looking out at a new day now and following the big selloff in New York, our equity futures are poised for an early rise in trading this morning, boosted by good results from The Home Depot (HD) and hopes for new trade talks with China. Finally, given yesterday's fireworks, we sense the day ahead will be volatile as well. Stay tuned.

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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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