Shares limited some of their losses on Tuesday, investors returned to the market, which withdrew from record levels.
The Dow Jones industrial average fell more than 100 points, or 0.4 percent, weighed by two Dow retail members Home Depot and Walmart, but Boeing picked up speed as investors speculated that the Max 737 would be cleared by the FAA. to fly again.
|I: DJI||DOW JONES AVERAGE||29766.31
|HD||HOME DEPOT INC.||272.50||-7.43||-2.65%|
|BA||BOEING COMPANY||210.42||+7.98||+ 3.94%|
The S&P 500 fell 0.2% from its worst session levels as energy stocks rose.
|XLE||ENERGY SELECT SECTOR SPDR ETF||36.23||+0.10||+ 0.28%|
Home Depot shares were weaker, despite a solid quarter after the home improvement chain noted that spending would increase by $ 1 billion as it worked to attract more employees.
Walmart reported strong results, exceeding expectations, as e-commerce sales jumped 79%, but signaled that the pandemic could slow.
WALMART SEES CORONAVIRUS BOOST
Tesla was remarkable, uniting that it will be added to the S&P 500 in December, a long-awaited development for investors and CEO Elon Musk. The Nasdaq Composite was modestly taller.
Ellen Musk’s Tesla is added to the S&P 500
|TSLA||TESLA INC.||441,37||+33.28||+ 8.16%|
|I: COMP||NASDAQ COMPOSITIVE INDEX||11907,780297||-16.35||-0.14%|
DOW, S&P HIT MODERNA COVID-19 VACCINE RECORDS, TRANSPORT AND SMALL CAPS NEXT COSTUME
Amazon said it is entering the pharmacy business, offering prescriptions and other health products for free to Prime members. The announcement squeezed shares of traditional drugstore chains such as CVS and Walgreens.
|AMZN||AMAZON.COM INC.||3,144.09||+13.03||+ 0.42%|
|CVS||CVS HEALTH CORPORATION||67.11||-6.36||-8.66%|
|WBA||WALGREENS BOOTS ALLIANCE INC.||39.91||-4.20||-9.51%|
AMAZON ENTER PHARMACY BUSINESS
SHAKE AT AT&T
AT&T has announced that its CFO John Stevens will step down in March 2021. He will be succeeded by WarnerMedia CFO Pascal Derosh, effective April 1, 2021.
“I really appreciate John [Stephens] exceptional leadership, tireless dedication and a very significant contribution to AT&T over the years, “said John Stankey, CEO of AT&T, in a statement. “His financial experience and strong commitment to our investors, employees and customers are invaluable as we have invested to become a leader in connectivity and content. It has helped us maintain the financial strength and flexibility needed to create long-term value for stockholders. Although he will retire by next spring, I want to take this opportunity to wish John and his family all the best in the years to come.
Retail sales in October did not meet expectations, increasing by 0.3% and 0.2%, excluding car sales. Economists expected growth of 0.5% and 0.5%, respectively.
Import prices for October reached -0.1% and rose by 0.1%, excluding oil. Export prices increased by 0.2% and remained equal, excluding agriculture.
Industrial production in October is expected by economists to grow by 0.9%, while business inventories in September are expected to grow by 0.5%.
NAHB’s housing market index continues to show optimism, reporting a November of 90, above expectations of 85.
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Crude oil slipped on Tuesday, falling slightly to $ 41.28 a barrel. Gold also fell, losing 0.1% to $ 1,886 an ounce.
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