FYI: The Dow Jones Industrial Average drifted higher Monday, for its ninth record close of the year.
The blue-chip average rose 10 points, or 0.04%, to 27691, erasing earlier losses. The S&P 500 fell 0.20% and the Nasdaq Composite declined 0.13%.
With the bulk of third-quarter earnings results out, investors’ attention has lately turned back to the U.S. and China’s trade talks.
Corporate news drove stock swings on an otherwise quiet trading day. The U.S. bond market was closed in observance of Veterans Day.
T-Mobile shares slipped 2.6% after The Wall Street Journal reported WeWork is in talks with the company’s chief executive John Legere to take over leadership of the office-sharing startup.
Boeing jumped 4.8% after the aerospace giant said it expects to resume deliveries of its 737 MAX next month. Gains in the stock added more than 100 points to the Dow industrials.
Earlier, Hong Kong’s Hang Seng benchmark closed down 2.6%, the fourth-biggest drop of the year, after police fired gunshots at protesters and demonstrations across the city forced schools and offices to close early.
In mainland China, the Shanghai Composite fell 1.8%. Consumer inflation data out over the weekend showed prices soared in October to the highest level in more than seven years, fueled by a continued surge in pork prices. Analysts said the new data reduced the chances of further monetary easing in China, at least in the coming months.
The Stoxx Europe 600 fell less than 0.1%. Mining stocks, which are often sensitive to changes in Chinese macroeconomic policy, were among the weaker performers Monday, with Glencore losing 3.5% and BHP down 2%.
In currencies, the British pound was up 0.8% against the U.S. dollar after Nigel Farage’s Brexit Party said it won’t contest Conservative-held seats in the December election. The move could make it easier for current Prime Minister Boris Johnson to obtain a majority in the election.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-11-11/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/dow-futures-sink-to-sink-to-start-the-week-as-trump-says-reports-on-level-of-tariff-lift-is-incorrect-2019-11-11/printWSJ:
https://www.wsj.com/articles/hong-kong-stocks-fall-as-violence-builds-11573465475Bloomberg:
https://www.bloomberg.com/news/articles/2019-11-10/stock-futures-mixed-in-asia-with-s-p-500-at-record-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-gets-boeing-boost-5-growth-stocks-spank-sp500-nasdaq/CNBC:
https://www.cnbc.com/2019/11/11/dow-futures-china-us-trade-take-center-stage.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/sp-500-nasdaq-dip-on-trade-uncertainty-boeing-lifts-dow-idUKKBN1XL1LPU.K:
https://uk.reuters.com/article/uk-britain-stocks/rising-hk-tensions-trade-angst-knock-ftse-domestic-shares-rally-idUKKBN1XL0X6Europe:
https://www.reuters.com/article/us-europe-stocks/defensive-stocks-help-european-shares-end-flat-london-lags-idUSKBN1XL0WYAsia:
https://www.cnbc.com/2019/11/11/asia-markets-nov-11-us-china-trade-war.htmlBonds: (Bond Market Closed)
https://www.cnbc.com/2019/11/08/us-treasury-yields-investors-focus-on-us-china-trade.htmlCurrencies:
https://www.cnbc.com/2019/11/11/forex-markets-us-china-trade-deal-in-focus.htmlOil
https://www.cnbc.com/2019/11/11/oil-markets-us-china-trade-talks-in-focus.htmlGold:
https://www.cnbc.com/2019/11/11/gold-markets-us-china-trade-deal-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 
