Investing
Monday Closing Bell: Markets Start Higher, Selling Begins Later
Published:
Last Updated:
November 18, 2013: U.S. equity markets opened higher Monday morning with the DJIA briefly topping 16,000 and the S&P 500 rising above 1,800. By mid-afternoon, though, equity prices fell as investors await some big earnings reports after markets close today and before they open again on Tuesday. Could be some profit-taking was in order.
European and Latin American markets closed higher today, while Asian markets were mixed.
Tuesday’s calendar includes speeches by Fed Chairman Ben Bernanke and Chicago Fed President Charles Evans and the following scheduled data releases and events (all times Eastern):
- 8:30 a.m. – Employment cost index
- 11:30 a.m. – 4-week bill auction
Here are the closing bell levels for Monday:
- S&P500 1791.53 (-6.65; -0.37%)
- DJIA 15975.95 (+14.25; +0.09%)
- NASDAQ 3949.07 (-36.90; -0.93%)
- 10YR TNOTE 2.666% (+0.34375)
- Gold $1,272.30 (-15.10; -1.2%)
- WTI Crude oil $93.03 (-0.81; +0.9%)
- Euro/Dollar: 1.3506 (+0.0010; +0.07%)
Big Earnings Movers: JinkoSolar Holding Co. Ltd. (NASDAQ: JKS) is up 12.9% at $33.29 after reporting better-than-expected earnings and a strong forecast. Tyson Foods Inc. (NYSE: TSN) is up 2.2% at $29.41 on good results. InterCloud Systems Inc. (NASDAQ: ICLD) is up 48.5% at $14.05 following last Friday’s even bigger run-up in the shares.
Stocks on the Move: Tesla Motors Inc. (NASDAQ: TSLA) is down 10.3% at $121.54 as investors weigh whether or not the stock is overvalued. Voxeljet AG (NYSE: VJET) is up 16.4% at $68.66 following raised price targets at two competing 3D printer makers.
In all, 277 NYSE stocks put up new 52-week highs today, while 14 stocks posted new lows.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
