Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 
 
Blog Home
Bob Carey
Chief Market Strategist
Click for Bio

Follow Bob on Twitter Follow Bob on LinkedIn View Videos on YouTube
 

  US Stock Markets Ended November 30, 2018
Posted Under: Weekly Market Commentary

 
Equities surged following comments by Federal Reserve chairman Jerome Powell that the current benchmark rate was "just below" neutral, implying the central bank could be close to leaving interest rates steady. As recently as last month, Mr. Powell had said rates were "a long way" from neutral. Along with tariffs, fears of higher interest rates, which could lead to slower growth, remains another key concern for most investors. During the week, trade headlines continued to add volatility to the market in the lead up to Presidents Donald Trump and Xi Jinping meeting this weekend.  In economic news, housing numbers remained disappointing as new home sales came in under expectations for October and continued to soften. Rising costs due to material and labor shortages coupled with higher interest rates have driven down home affordability. In stock news, General Motors Co. made headlines and felt the ire of President Trump's Twitter account after announcing a 15% reduction in its North American salaried workforce and the closure of three plants. Shares of Salesforce.com, Inc. jumped following a strong quarterly announcement that resulted in 27% growth in billings as clients are integrating and signing up for additional solutions.; Workday Inc. also posted impressive results and raised guidance for the full-year on broad-based strength across regions, product line and size of client. Looking ahead, all focus will be on this weekend's dinner at the Group of 20 where Presidents Donald Trump and Xi Jinping will be in attendance. If no resolution is reached soon, 25% levies are set to be placed on Chinese goods starting January 1st. Takeaways from the meeting this weekend are likely to drive sentiment for the week ahead.
Posted on Monday, December 3, 2018 @ 8:27 AM • Post Link Share: 
Print this post Printer Friendly

These posts were prepared by First Trust Advisors L. P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.
Search Posts
MARKET ANALYSIS
Market Commentary and Analysis
Weekly Video
Weekly Market Commentary
Weekly Market Watch
Monthly Talking Points
Quarterly Newsletter
Market Observations
Subscribe To Receive Email
 


 PREVIOUS POSTS
US Economy and Credit Markets Ended November 30, 2018
A Snapshot of Growth vs. Value Investing
How Bonds Have Fared Since 7/8/16
US Stock Markets Ended November 23, 2018
US Economy and Credit Markets Ended November 23, 2018
A Snapshot Of Dividend Yields
US Stock Markets Ended November 16, 2018
US Economy and Credit Markets Ended November 16, 2018
Passive vs. Active Fund Flows
How Stocks Have Fared Since 9/20/18
Archive
Skip Navigation Links.
Search by Topic
Skip Navigation Links.

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.