FYI: U.S. stocks closed lower in late trading Thursday after the minutes from the Federal Reserve’s latest meeting showed officials appeared more tentative about their path in raising interest rates.
The Dow Jones Industrial Average lost 27 points, or 0.11%, to 25,338. The S&P 500 trimmed 0.22% and the tech-heavy Nasdaq Composite lost 0.25%. All three indexes had been lower ahead of the release of the minutes, following a big rally Wednesday when the S&P 500 surged 2.3% on dovish comments by Federal Reserve Chairman Jerome Powell.
The indexes could not extend their winning streak to four sessions; the last time all three major indexes rose for four consecutive days was in late August.
Minutes from the Fed’s November meeting revealed officials intend to raise interest rates next month. However, they appeared less certain about maintaining a pace of quarterly increases after that, as the bankers debated how trade tensions and corporate debt could affect economic growth.
Of the eleven S&P 500 Sectors, seven led by Materials, Energy ,and Communication Services were in positive territory.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/global-stocks-follow-wall-street-higher-1543481470Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2018-11-29/your-evening-briefingBloomberg:
https://www.bloomberg.com/news/articles/2018-11-28/stocks-gain-dollar-drops-on-powell-s-dovish-tilt-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/stock-market-holds-most-gains/Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-dips-on-trade-uncertainty-ahead-of-g20-summit-idUSKCN1NY1J4CNBC:
https://www.cnbc.com/2018/11/29/stock-markets-fed-speeches-and-politics-in-focus.htmlU.K.:
https://www.marketwatch.com/story/london-stocks-in-the-green-with-miners-up-banks-positive-after-stress-tests-2018-11-29/printEurope:
https://www.marketwatch.com/story/european-stocks-rise-as-uk-banks-pass-brexit-stress-test-deutsche-bank-raid-adds-pressure-2018-11-29/printAsia:
https://www.marketwatch.com/story/asian-markets-roll-along-on-powells-comments-nikkei-up-for-5th-straight-day-2018-11-28/printBonds:
https://www.cnbc.com/2018/11/29/bonds-and-fixed-income-fed-remarks-and-data-in-focus.htmlCurrencies:
https://www.cnbc.com/2018/11/29/forex-markets-fed-chair-powells-comments-dollar-moves-in-focus.htmlOil:
https://www.cnbc.com/2018/11/29/oil-markets-g-20-meeting-supply-concerns-in-focus.htmlGold
https://www.cnbc.com/2018/11/29/gold-markets-dollar-moves-and-fed-remarks-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx
