Market Snapshot - Thursday 11.21.19

DJIA Futures Thursday 11.21.19

S&P 500 Futures Thursday 11.21.19

Nasdaq Composite Futures Thursday 11.21.19

The broader stock market slid again, this time for the third consecutive day, as the US-China trade war continues to strain investor optimism. Todays three-day losing streak marked the longest consecutive losing period since last August.

A report from the South China Morning Post stated that US tariffs scheduled to go into effect on December 15 may be delayed, and that its not necessarily contingent on the signing of a phase one trade deal.

As reported on CNBC, Randy Frederick, Charles Schwabs VP of trading and derivatives, noted what many investors are already beginning to suspect, that both nations dont know what they want to do on a trade deal, commenting on the obvious, if not tiring, back-and-forth every single day its something different matter--theyre close to a deal and theyre not close to a deal.

On the employment front, jobless claims came in at 227,000, slightly more than 217,000 that economists had anticipated. Existing home sales came in strong at 5.460 million, stronger than the consensus figure of 5.360 million. The figures, likely attributable to higher levels of employment, adding to that more favorable mortgage rates, are lifting a sector toward years end from a previously flat position. The Philadelphia Fed Business Outlook Survey came in at 10.4, higher than the anticipated 7.0 consensus.

By days end, the Dow slid 54.8 points, or -0.2% to close at 27,766.29. The S&P 500 closed at 3,103.54, pulling back -0.16%. The Nasdaq Composite fell by -0.2%, ending the day at 8,506.21.

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