Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
Login Archives Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • AI Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    • Postcards
    ×
  • Subscribe
Enter stock ticker or keyword
×
Join 100,000+ Like-Minded Investors Today
Twitter
Tags: Dow Jones
Stocks: AAPL, ANF, DB, DIS, DLTR

Dow Jones Industrial Average Slips After Strongest One-Day Rally in Eight Months

By Garrett Baldwin, Executive Producer, Money Morning • November 29, 2018

Start the conversation

Leave a Reply Click here to cancel reply.

You must be logged in to post a comment.

Garrett BaldwinGarrett Baldwin

The Dow Jones Industrial Average fell slightly in pre-market trading this morning, falling seven points as markets gave back a small fraction of Wednesday's gains. The Dow surged Wednesday thanks to a surprising speech by Federal Reserve Chair Jerome Powell. Yesterday, Powell suggested that the U.S. central bank may be done raising interest rates for the balance of 2018.

Powell and his team have taken criticism recently from U.S. President Donald Trump for hiking rates too quickly, an action that has rattled investor sentiment and could cool the economy. Markets will be paying close attention as the Fed prepares to release minutes from its November meeting.

Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 25,366.43 617.70 2.50%
S&P 500 2,743.79 61.62   2.30%
Nasdaq 7,291.59 208.89 2.95%

Now, here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.

The Top Stock Market Stories for Thursday

  • The 2016 Panama Papers investigation has spurred a massive new investigation in Germany. This morning, German officials raided the offices of Deutsche Bank AG (NYSE: DB) on suspicion that two company employees helped certain customers launder money gained from illegal methods. Shares of DB stock fell more than 3% after legal officials seized written and electronic documents from the bank
  • With the holiday season approaching, investors should know which stocks are buys and which ones to avoid. Money Morning's Options Trading Specialist, Tom Gentile, has just discovered a revolutionary way to start making money. We're talking easy trades that produce paydays of $1,057.20... $1,500... another $1,500... and $1,582.05. Want to know what it's all about? Go here now.

Money Morning Insight of the Day

Do you want to know how the "Smart Money" gets rich and stays rich? They do so by using wealth tactics that maximize their investment income potential and ensure decades of wealth that can span generations. And these secrets have been locked up since the end of World War II.

Well, Money Morning Special Situations Strategist Tim Melvin has broken these secrets out of the vault of the Smart Money managers. And he's sharing the Max Wealth secrets for free right here.

Stocks to Watch Today: DIS, AAPL, DLTR

  • dow jones industrial averageShares of Walt Disney Co. (NYSE: DIS) dipped slightly in pre-market hours despite news that the company has hiked its semi-annual dividend from $0.84 to $0.88 per share. The firm will pay its next dividend on Jan. 10. The payout is designated for shareholders of record as of Dec. 10.
  • Shares of Apple Inc. (NASDAQ: AAPL) added 0.5% despite a stock downgrade at Canaccord Genuity. The Wall Street analyst slashed his 12-month price target for AAPL stock from $250 to $225 due to concerns about weakening smartphone demand. Despite the price cut, the new target still represents upside of nearly 25%, and the analyst still maintains a "Buy" rating.
  • Shares of Dollar Tree Inc. (NASDAQ: DLTR) slumped 4.6% after the discount retailer fell short of Wall Street revenue and same-store sales expectations before the bell. The firm reported earnings per share of $1.18, topping Wall Street forecasts by $0.04. However, the company continues to struggle due to freight and labor costs that have pushed higher, while its purchase of Family Dollar continues to create problems for its bottom line.
  • Look for earnings reports from Abercrombie & Fitch Co. (NYSE: ANF), Build-A-Bear Workshop Inc. (NYSE: BBW), Express Inc. (NASDAQ: EXPR), GameStop Corp. (NYSE: GME), HP Inc. (NYSE: HPQ), Palo Alto Networks Inc. (NASDAQ: PANW), and VMware Inc. (NYSE: VMW).

Follow Money Morning on Facebook, Twitter, and LinkedIn.

Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter

Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…

Claim My Free Report

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles |

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Subscribe
Login
Notify of
guest

guest

0 Comments
Inline Feedbacks
View all comments


Latest News

September 30, 2023 • By Garrett Baldwin

Here's What Happens When I Ask Hard Questions

September 29, 2023 • By Shah Gilani

earnings
China Is Headed for a "Lehman Moment" - Here's What to Do

September 29, 2023 • By Garrett Baldwin

S#*t Your Realtor Says
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Penny Hawk Midday Momentum
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Quantum Data Profits Flashpoint Trader Darknet Alpha Accelerators Brutus Alerts Resource Traders Alliance L.A.U.N.C.H. Investor Rob Roy Trader Long-Term Equity Profits

© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz