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Yahoo Finance Market Update: November 27, 2018



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Shares fell on Tuesday when trading brokers deepened recent commercial comments from President Donald Trump and remarks by a Federal Reserve official pointing to future gradual rate hikes.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "S & P 500 & nbsp;(^ GSPCEN) fell 0.14% or 3.69 points, starting at 11:42 am ET. Dow& Nbsp; (^ DJI) & Nbsp;fell 0.34%, or 83.51 points. Nasdaq & nbsp;(^ IXIC)& nbsp; fell 0.08%, or 5.36 points. "data-reaction time =" 16 "> S & P 500 (^ GSPCEN) fell 0.14% or 3.69 points, starting at 11:42 am ET. Dow (^ DJI) fell 0.34%, or 83.51 points. Nasdaq (^ IXIC) fell 0.08%, or 5.36 points.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Investor sentiment was put under pressure overnight Wall Street Journal published one interview with President Donald Trump who showed that he was likely to proceed to throw up customs duties on Chinese goods at 25% from the current 10% rate. He also suggested that he impose tariffs on the remaining $ 267 billion Chinese imports, currently unaffected by customs, if trade negotiations with President Xi Jinping did not give rise to fair trade. "Data Reaction =" 17 "> Investors sentiment was suppressed overnight after the Wall Street Journal published an interview with President Donald Trump, indicating that he would likely proceed to throw up customs duties on Chinese goods to 25% from the current The 10% rate. He also suggested that he levy charges on the remaining $ 267 billion of Chinese imports that are currently unaffected by the tariffs on trade negotiations with President Xi Jinping did not create a fair trade agreement.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "These additional actions may include a 10% tariff on Apple (AAPL) units, currently free from customs, said Trump. The comments sent tech giant stocks tumbling by about 2% before mating losses. Apple shares are around 20% in November. "These additional measures may include a 10% duty on Apple devices (AAPL), currently free from customs," said Trump. Tech giant stock tumbling by about 2% before mating losses. Apple shares are around 20% in November.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "At the same time, & nbsp; Federal Reserve Vice Chairman Richard Clarida offered a positive opinion about the US economy commented in New York & Tuesday and said he believes that the central bank should take a "gradual" strategy for future interest rate hikes. Interest rates are "much closer" to neutral – a level that neither stimulates nor cools the economy – than they had been when the central bank began to remove housing from December 2015, he said. "Data Reaction =" 19 "> At the same time, Federal Reserve Vice President Richard Clarida offered an optimistic view of the US economy during comments in New York on Tuesday and said he believes that the central bank should take a" gradual "attitude towards future interest rate hikes. Interest rates are "much closer" to neutral – a level that neither stimulates nor cools the economy – than they had been when the central bank began to remove housing that began in December 2015, he said.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" How close are they and there are a row comments on FOMC, says Clarida prepared remarks. The process of learning the rate of neutral feed factor and natural unemployment "As new data arrive, it supports the case of gradual political normalization as it will allow the Fed to gather more information from the final destination for the key rate and unemployment at a time when inflation is close to our 2% target, says Clarida. "data-reactid =" 20 ">" How close is a question about them and there are a number of views on FOMC? "Clarida said in prepared remarks. The process of learning about the neutral feed rate and natural unemployment "as new data arrive, supports the case for gradual political normalization, as it will enable the Fed to gather more information from data on the ultimate destination for key rate and unemployment for a time when inflation is close to our 2% target, "says Clarida.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Two weeks ago Clarida said he believed a neutral key rate would fall somewhere between 2.5% and 3.5%, while the current range is between 2% and 2.25%. Investors generally believe that the Federal Open Market Committee will raise interest rates for the fourth time in 2018 at its December meeting. "Data Reaction =" 21 "> Two weeks ago, Clarida said he believed that a neutral key rate would fall somewhere between 2.5% and 3.5%, while the current range ranged from 2% to 2.25%. Investors Generally believe that the Federal Open Market Committee will raise interest rates for the fourth time in 2018 at its December meeting.

Federal Reserve Chairman Jerome Powell will talk at the Economic Club in New York on Wednesday.

STOCKAR: Tesla car sales dropped in China last month, Reuters reports

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tesla (TSLA) Vehicle sales fell 70% in October compared with last year, an official with the China Passenger Car Association told Reuters. The electric car factory sold a total of 211 cars in China last month, said the official to Reuters, which would represent a significant sales slowdown in the world's largest car market. Last week, Tesla said It lowered the price of its model X and Model S vehicles in China in a move that partly aimed to compensate the effect of higher fees. A Tesla spokesman told Yahoo Finance that the report was "incorrectly wrong" and added: "While we do not disclose regional or monthly sales numbers, these numbers are of a significant margin." Tesla shares fell 2.05% to $ 338.92 at 10: 18:00 ET. "Data Reaction Time =" 24 ">Tesla (TSLA) car sales fell 70% in October last year, an official with the China Passenger Car Association told Reuters. The electric car factory sold a total of 211 cars in China last month, said the official to Reuters, which would represent a significant sales slowdown in the world's largest car market. Last week, Tesla said that it lowered the price of its model X and Model S vehicles in China in a move that partly aimed to compensate the effect of higher fees. A Tesla spokesman told Yahoo Finance that the report was "incorrectly wrong" and added: "While we do not disclose regional or monthly sales numbers, these numbers are of a significant margin." Tesla shares fell 2.05% to $ 338.92 at 10: 18:00 ET.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "United Technologies (UTX) announced Monday that it plans to divide into three companies,& nbsp; Otis, Carrier and United Technologies. Gregory Hayes will remain in his role as Chairman and CEO of United Technologies during and after the split, which the company expects to be completed in 2020. Otis will focus on manufacturing lifts and escalators, Carrier will provide products related to plumbing and cooling and United Technologies will be a supplier of the aerospace and defense industry. The shares in United Technologies Corporation fell 6.45% to $ 119.72 each from 10:18 am ET. "Data-Reaction =" 25 ">United Technologies (UTX) announced Monday that it plans to split into three companies, Otis, Carrier and United Technologies. Gregory Hayes will remain in his role as Chairman and CEO of United Technologies during and after the split, which the company expects to be completed in 2020. Otis will focus on manufacturing lifts and escalators, Carrier will provide products related to plumbing and cooling and United Technologies will be a supplier of the aerospace and defense industry. The shares of United Technologies Corporation fell at 6.45% to 119.72 USD each per hour. 10:18. ET.

Traders works on the floor of the New York Stock Exchange (NYSE) in New York City, USA, November 26, 2018. REUTERS / Brendan McDermid

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The S & P Dow Jones Index will make several changes to the constituents of the S & P 500, S & P MidCap 400 and S & P SmallCap 600 before the opening of trading on 3 December. In S & P 500, Maxim Integrated Products Inc. & nbsp;MXIM) will replace Aetna & nbsp; (AET) & nbsp;, acquired by CVS (CVS) in a store is expected to close later in November. Food company Lamb Weston Holdings (LW), a member of the S & P MidCap 400, will replace Rockwell Collins (COL) in the S & P 500 and Diamondback Energy & nbsp; (FANG) will replace Stericycle (SrCl). "data-reaction time =" 41 ">The S & P Dow Jones Index will make several changes to the constituents Maxim Integrated Products Inc. (MXIM) replaces Aetna (AET), acquired by CVS (CVS), S & P 500, S & P MidCap 400 and S & P SmallCap 600 before trading commences on 3 December. ) in a store is expected to close later in November. Lamb Weston Holdings (LW), member of the S & P MidCap 400, will replace Rockwell Collins (COL) at S & P 500, and Diamondback Energy (FANG) will replace Stericycle (SRCL).

ECONOMY: Consumer confidence margins are being lowered in November

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Consumers confidence decreased to 135.7 from 137.9 in October, Conference Bureau said in a statement Tuesday. The reading was in line with consensus estimates among economists blinded by Bloomberg. "Data Reaction =" 43 "> Consumer confidence fell to 135.7 from 137.9 in October, the conference board said in a statement Tuesday. The readings were in line with consensus estimates among economists demanded by Bloomberg.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Despite the decline, the proximity of the last title is read October 18-year high "illustrates that consumers have not been too worried about the recent drop in stock prices, which gives another reason to expect the Fed to push forward and raise interest rates again in December, "said Andrew Hunter, a US economist with economics. & nbsp;"data-reactid =" 44 "> Despite the decline, the proximity of the last title is reading until October 18-year-old high"illustrates that consumers have not been too worried about the recent drop in stock prices, which gives another reason to expect the Fed to push forward and raise interest rates again in December, "said Andrew Hunter, US economist with Capital Economics.

The Conference Board's index tracking consumer assessment of current business and labor market conditions improved slightly to 171.9 from 172.7, while a measure of consumer short-term prospects for income, business and labor conditions fell to 111 in November from 115.1 in October.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""Despite a slight decline in November, consumer confidence remains at historically strong levels," said Lynn Franco, Chief Financial Officer of the Conference Board, in a statement. "Consumer assessments of current conditions increased slightly, with employment growth as a driving force for improvement. However, expectations were weakened somewhat in November, mainly due to a less optimistic view of future business conditions and personal outlook. Overall, consumers are still quite sure that economic growth will continue at a fixed pace in early 2019. If expectations are further softened in the coming months, growth will probably begin to moderate. ""data reaction time =" 46 ">"Despite a slight decline in November, consumer confidence remains at historically strong levels," said Lynn Franco, Chief Financial Officer of the Conference Board, in a statement. "Consumer assessments of current conditions increased slightly, with employment growth as a driving force for improvement. However, expectations were weakened somewhat in November, mainly due to a less optimistic view of future business conditions and personal outlook. Overall, consumers are still quite sure that economic growth will continue at a fixed pace in early 2019. If expectations are further softened in the coming months, growth will probably begin to moderate. "

NEWS: Cyber ​​Monday sales hit record $ 7.9 billion

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Cyber ​​Monday online sales jumped to a record 7 , $ 9 billion this year, increase by more than 19% compared to last year and mark the single largest shopping day in US history, according to Adobe Analytics data. This exceeded the data company's own expectations of a $ 7.8 billion sale on Cyber ​​Monday. Sales from smartphones hit a full-time of no more than $ 2 billion. Last week, Thanksgiving Day and Black Friday shopping were taken in $ 3.7 billion and $ 6.2 billion respectively. "Data Reaction =" 48 "> Cyber ​​Monday sales increased to $ 7.9 billion this year, increasing by more than 19% compared with last year and marking the single largest purchase date in US history, according to Adobe Analytics data that exceeded the data company's own expectations of selling $ 7.8 billion on Cyber ​​Monday. Smartphone sales totaled $ 2 billion. Last Week, Thanksgiving Day and Black Friday Hopping brought $ 3.7 billion and $ 6.2 billion respectively.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""data-reaction time =" 49 ">

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Emily McCormick is a reporter for Yahoo Finance. & Nbsp;Follow her on Twitter: @emily_mcck"Data Reaction Time =" 50 ">Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Yahoo Finance on & nbsp;Twitter, & Nbsp;Facebook, & Nbsp;Instagram, & Nbsp;flipboard, & Nbsp;LinkedIn, and& Nbsp; reddit. & Nbsp;"data reaction time =" 51 ">Follow Yahoo Finance on Twitter, Facebook, Instagram, Browser, Link, and reddit.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more from Emily:"Data Reaction Time =" 52 ">Read more from Emily:

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Netflix uses growth strikes expectations, shares spike & nbsp;"Data Reaction Time =" 53 ">Netflix uses growth strikes expectations, shares spike

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Now, it's a "chance once in a lifetime" to invest in American pot companies, says the investor & nbsp;"data-reaction time =" 54 ">Now it's a "once in a lifetime" chance to invest in American pottery companies, investors say

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "There are "4 headwinds" against market rights now"data-reaction time =" 55 ">There are "4 headwinds" against market rights now

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Ark Invest CEO: Tesla "is a recovery of Apple" & nbsp;"Data Reaction Time =" 56 ">Ark Invest CEO: Tesla "is a recovery of Apple"

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "China's slow economy can be a problem for Apple & nbsp;"data reaction time =" 57 ">China's slow economy can be a problem for Apple

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