Markets Are 'Almost a Carbon Copy of Yesterday'

Dow falls 102 points
By Newser Editors and Wire Services
Posted Nov 19, 2019 3:30 PM CST
Markets End a Wobbly Day Mostly Lower
Trader Craig Esposito works on the floor of the New York Stock Exchange, Monday, Oct. 28, 2019. The S&P 500 rose 16 points, or 0.6 %, to 3,039, while the Dow Jones Industrial Average added 132 points, or 0.5%, to 27,090.   (AP Photo/Richard Drew)

Major stock indexes ended a wobbly day of trading on Wall Street mostly lower Tuesday, as losses in energy companies and department store operators edged out gains elsewhere in the market. A solid showing for technology sector stocks helped lift the Nasdaq composite to another all-time high, while the S&P 500 index finished less than 0.1% below the record close it reached on Monday. Energy sector stocks took the heaviest losses as the price of US crude oil dropped 3.2%. Disappointing earnings from Kohl’s sent its stock down 19.5% and sent other retailer stocks into a skid. A 5.4% slide in Home Depot’s stock weighed on the Dow Jones Industrial Average, which ended lower a day after inching to a record high.

"It's almost a carbon copy of yesterday," Jeff Zipper, managing director at US Bank Private Wealth Management tells the AP. "The S&P basically flat, the Nasdaq obviously up. Right now, the markets, as we go toward year end, their path of least resistance is up." The S&P 500 index slipped 1.85 points, or less than 0.1%, to 3,120.18. The Dow fell 102.20 points, or 0.4%, to 27,934.02. The Nasdaq climbed 20.72 points, or 0.2%, to 8,570.66. Bond prices rose, sending bond yields lower. The yield on the 10-year Treasury fell to 1.79% from 1.80% late Monday.

(Read more Dow Jones stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.