Stock Market News for Nov 20, 2024

Zacks11-20

U.S. stock markets closed mixed on Tuesday as market participants remained concerned regarding the intensification of geopolitical conflicts between Russia and Ukraine. However, strong third quarter ...

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However, strong third quarter ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-nov-20-083500336.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211328371.USD","symbol_name":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","start_time":0,"source_url":"https://finance.yahoo.com/news/stock-market-news-nov-20-083500336.html","article_id":"2484160069","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Auqycvl91K1572CArWZJTQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/bbcf3e07e826aabe52cbb2f648142720"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484160069","pubTimestamp":1732091700,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"U.S. stock markets closed mixed on Tuesday as market participants remained concerned regarding the intensification of geopolitical conflicts between Russia and Ukraine. 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However, strong third quarter earnings results boosted investors’ sentiments. The S&P 500 and the Nasdaq Composite ended in positive territory while the Dow finished in negative zone.\nHow Did The Benchmarks Perform?\nThe Dow Jones Industrial Average (DJI) fell 0.3% or 120.66 points to close at 43,268.94. At intraday low, the blue-chip index was down more than 450 points. The index posted four-consecutive days of decline. Notably, 18 components of the 30-stock index ended in negative territory while 11 in positive zone and one remained unchanged. \nThe tech-heavy Nasdaq Composite finished at 18,987.47, rising more than 1% or 195.66 points due to strong performance by technology behemoths. The tech-laden index posted two successive positive closes.The S&P 500 was up 0.4% to finish at 5,916.98. Six out of 11 broad sectors of the broad-market index ended in positive territory while five in negative zone. The Communication Services Select Sector SPDR (XLC) and the Technology Select Sector SPDR (XLK) were up 0.8% and 0.7%, respectively. On the other hand, the Energy Select Sector SPDR (XLE) and the Financials Select Sector SPDR (XLF) were down 0.6% and 0.7%, respectively. \nThe fear-gauge CBOE Volatility Index (VIX) was up 4.9% to 16.35. A total of 13.94 billion shares were traded on Tuesday, lower than the last 20-session average of 14.24 billion. Advancers outnumbered decliners on the NYSE by a 1.14-to-1 ratio. On Nasdaq, a 1.34-to-1 ratio favored advancing issues. \nRussia-Ukraine War Resurfaces \nThe Russian military said that Ukraine hit the Russian border region Bryansk with U.S.-made missile. Following the news, stock markets across the globe declined. Russian President Vladimir Putin issued a warning to the United States in which he lowered the threshold for a nuclear strike. Accordingly, a section of financial researchers remained concerned about ongoing rally.\nSolid Q3 2024 Earnings Results\nSymbotic Inc. SYM came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.03 per share. The company posted quarterly revenues of $576.77 million, surpassing the Zacks Consensus Estimate by 22.30%.\nWalmart Inc. WMT came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.53 per share. The company posted quarterly revenues of $169.59 billion, outpacing the Zacks Consensus Estimate by 1.23%.\nConsequently, stock prices of Symbotic and Walmart jumped 27.7% and 3%, respectively. Both stocks carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nEconomic Data\nThe U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly reported that housing starts in October came in at 1.311 million units, missing the consensus estimate of 1.345 million units. The metric for September was revised marginally downward to 1.353 million units from 1.354 million units reported earlier. Year over year, housing starts jumped 16.8% in October.\nBuilding permits in October came in at 1.416 million units, lagging the consensus estimate of 1.44 million units. The metric for September was revised marginally downward to 1.425 million units from 1.428 million units reported earlier. Year over year, building permits fell 7.7% in October.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWalmart Inc. (WMT) : Free Stock Analysis Report\nSymbotic Inc. (SYM) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484160069"}