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.