*Very Good Morning!!!*
*US Markets in Detail...*
Sensex: 43,828 (-695 (-1.56%)
Nifty: 12,858 (-197) (-1.51%)
Dow: 29,872 (-174) (-0.58%)
S&P: 3,630 (-6) (-0.16%)
Nas: 12,094: +58: +0.48%
Brazil: 110,133: +346: +0.32%
Ftse: 6,391 (-41) (-0.64%)
Dax: 13,290 (-3) (-0.02%)
Cac: 5,571: +13: +0.23%
WTI Oil: $45.88: +2.16%
Brnt: $48.85: +2.07%
Gold: $1812: flat
Silver: $23.47: +0.26%
Copper: $333.85: +0.56%
Eur-$: 1.1915
GBP-$: 1.3379
$-Jpy: 104.44
Re: 73.9125 (-0.12%)
US10yr: 0.88%
GIND10YR: 5.885: +0.09%
$ Index: 92.015 (-0.23%)
Vix: 21.25 (-1.8%)
BalticDry: 1,178: +9: +0.77%
*ADR/GDR*
Cogni (-0.25%)
Infy (-2.77%)
Wit (-0.97%)
IciciBk (-1.52%)
HdfcBk (-1.98%)
DrRdy (-1.83%)
TataMot: +0.68%
Vedanta (-2.19%)
TatSt (-1.92%)
Axis (-4.57%)
SBI: +%
RIGD (-0.56%)
INDA (-1.02%) (IShares MSCI INDIA ETF)
INDY (-1.16%) (IShares MSCI INDIA 50 ETF)
EPI (-0.60%) (Wisdom Tree India Earning)
*Nasdaq ends at record ( its first in three months,), but Dow closes below 30,000 milestone on Thanksgiving eve. U.S. weekly jobless claims tick up for second week ahead of the Thanksgiving holiday and Black Friday.*
*Markets will be closed on Thursday for Thanksgiving and will shutter early on Friday. Due to the holiday, investors received a full slate of U.S. economic reports Wednesday, including weekly jobless benefit claims, a report on new-home sales, and a reading on consumer sentiment.*
*After a record-setting day Tuesday for the Dow, investors took a breather from rotating out of shares of companies in previously “unloved” sectors of the economy during the pandemic. (pulled lower by cyclicals and small caps that drove the rally earlier in the week.). Pandemic-resilient tech and tech-adjacent market leaders helped keep the Nasdaq afloat.*
In addition to watching sector rotations, investors also were parsing a deluge of U.S. economic reports that failed to provide conclusive takeaways about the state of the U.S. economic recovery from the pandemic.
But mixed economic data also may serve as a reminder of the challenges facing the world as COVID-19 spreads more rapidly, and before treatments become readily available. U.S. weekly jobless benefit claims rose for a second week to a five week high, while October durable goods orders rose only 0.2% excluding defense spending.
Indeed, the global tally for confirmed cases of the coronavirus that causes COVID-19 climbed to 59.9 million on Wednesday, according to data aggregated by Johns Hopkins University, while the death toll rose above 1.4 million.
*On top of that, there are currently a record of 88,080 COVID-19 patients in U.S. hospitals, according to the COVID Tracking Project, topping the previous record of 85,870 set a day ago.*
That spike comes in a week in which AstraZeneca AZN said its coronavirus vaccine candidate being developed with the University of Oxford can reach efficacy of around 90%, adding to a list of drugmakers, including Pfizer-BioNTech BNTX and Moderna MRNA, racing to advance a viable vaccine.
Vaccine news and reports that Biden was set to tap former Federal Reserve Chair Janet Yellen, as a candidate for U.S. Treasury Secretary, also helped to encourage stock buying.
Even though the markets are largely past the big unknowns of November, and we really are seeing such a broadening out of the rally, across sectors, industries, and stocks, sentiment is getting a bit hot.
*Salesforce* led the Dow lower, falling more than 5% after Dow Jones reported the company held talks to buy Slack Technologies. CNBC later confirmed the report. Shares of Slack popped more than 37%. Energy fell 2.4% and was the worst-performing sector in the S&P 500.
*Economic reports for Wednesday*
Wednesday brought a bevy of data, some of which have been pulled forward due to the holiday:
• A report on orders for long-lasting goods for October showed a sixth-straight monthly rise, but one that was lower than forecasts
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By: via
@AlliesFin Serve Stock Market