Market Roundup: Major Indices all Reach New Records Despite Mixed Daily Results

Published: Nov. 18, 2019, 9:42 p.m.

With investor sentiment falling on trade concerns, the major indices ended mixed on Monday. The Dow Jones Industrial Average traded slightly higher to close at a new record while the S&P 500 Index and NASDAQ Composite shed some points. The Dow closed unchanged while the NASDAQ traded up to a new record high on Tuesday, and the S&P 500 ended just shy of a new high. The Healthcare, Industrials, and Technology sectors posted gains, while the Financials and Basic Materials sectors took a step back. Indices closed out mixed on Wednesday, this time, with the Dow and S&P 500 trading to new record levels while the NASDAQ shed some points. On another note, consumer prices ticked up in October. Labor Department data showed the Consumer Price Index increased 0.4% last month. Economists had forecast a lesser gain of 0.3% for October. Thursday, the indices ended mixed on continued trade deal concerns. The Dow and NASDAQ closed fractionally in the red while the S&P 500 edged up to a new record. U.S. Treasury bond yields were off across the board as demand for the safe-haven asset increased. Indices closed at new all-time highs on Friday with the Dow crossing the milestone 28,000 mark for the first time. Several Technology sector stocks ticked up to new records on trade talk hopes. Furthermore, the U.S. Census Bureau estimated that October retail sales were up 0.3% from the previous month and 3.1% higher than the year before.