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
    • Angel 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
Login My Member Benefits Archives Research 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
    • Angel 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
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Dow Jones Industrial Average Today Within Reach of 19,000 Level
http://bit.ly/2GEVwZi
Required Please enter the correct value.
Twitter
Stocks: AAP, ESE, HAR, SSNLF

Dow Jones Industrial Average Today Within Reach of 19,000 Level

By Garrett Baldwin, Executive Producer, Money Morning • November 14, 2016

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Dow Jones Industrial Average

This morning, the Dow Jones Industrial Average is pushing higher after an incredible week that saw the markets hit a fresh round of record highs following the U.S. election.

On Friday, the Dow Jones hit another closing high as investors continued to show increased optimism over the economic ramifications of a Trump presidency. The Dow added another 39 points, although the S&P 500 dipped. The markets are coming off their best week since 2011 after the Republican Party swept the executive and congressional branches of government. Though all of President-elect Trump's policies remain uncertain, the markets largely anticipate he will initiate tax reform. Meanwhile, biotech stocks surged thanks to official confirmation that Democrats would not be able to set price controls on products.

Let's take a look at last Friday's stock market numbers:

Dow Jones: 18,847.60; 39.72; 0.21%

S&P 500: 2,164.42; -3.06; -0.14%

Nasdaq: 5,237.11; 28.32; 0.54%

Now, here's a look at today's most important market events and stocks, plus a look at Monday's economic calendar.

What's Ahead for the Dow Jones Industrial Average Today

The Dow Jones Industrial Average projected another 49-point gain as the "Trump trade" continues to push the markets toward 19,000. A huge story in pre-market hours is that Treasury yields are soaring thanks to Trump's infrastructure spending proposal. Investors anticipate that his "$1 trillion over a 10-year period" infrastructure stimulus plan he discussed last week could push inflation higher, a decision that could force the Federal Reserve to raise rates at a much faster pace than in the last four years.

Don't Miss:Ā Get the Best Investing Research Today to Grow Your Money

It'll be another busy day of speeches from members of the Federal Reserve as investors turn their attention from the national election to next month's FOMC meeting. The central bank has not raised interest rates since December 2015. Instead, it has regularly teased the possibility of a hike only to pull the football away at the last second like Sally in a Charlie Brown comic strip. With global growth slowing and a new president about to enter the White House, the markets still expect the Fed to increase rates next month. According to CME Group's FedWatch Tool, the markets project an 85.8% probability that the Fed will raise its benchmark rate.

Money Morning's Technical Trading Specialist D.R. Barton predicts when the Fed will raise interest rates - and how investors can prepare.

Gold prices have been falling again in today's session as the U.S. dollar strengthens and the odds of a rate hike increase. Despite the recent downturn, investors should anticipate an uptick in gold prices during the Trump presidency. Here's why.

The price of oil is back near a three-month low under $43 for a barrel. Crude prices are falling again as worries accelerate that OPEC's global production deal set in September could quickly fall apart before the global oil cartel meets in Vienna, Austria, later this month. On Friday, OPEC announced that it hit a new monthly production level in October and forecast an even greater supply output than the one projected last week by the International Energy Agency. The expected output has investors picturing another massive global glut like the one earlier this year that drove crude prices under $30 per barrel.

The WTI crude oil price today slipped 1.4%, while the Brent crude oil price dipped 1.%.

The big story this morning is the ongoing transition between the Obama administration and the administration of President-elect Donald Trump. According to reports, Reince Priebus has been named chief of staff in the Trump White House. The head of the Republican National Committee had said last week he had no conversations about the role leading up to the election. However, on the day after the election, he acknowledged that he would likely fulfill any request from the incoming president to join his executive team. Meanwhile, Trump has selected Steve Bannon, the Trump campaign CEO and executive chairman of Breitbart News, as White House chief strategist and senior counselor.

Priebus isn't the only Republican leader generating headlines. Money Morning offers the latest insight on the insiders and loyalists likely to join the Trump cabinet. You'll never believe who could be the Secretary of the Interior.

Stocks to Watch Today, Nov. 14, 2016

  • In deal news, Samsung Electronics Co. Ltd. (OTCMKTS: SSNLF) announced it will purchase electronics firm Harman International (NYSE: HAR) in a deal worth about $8 billion. Samsung aims to improve its standing in automotive electronics technology business in the deal. The company is still reeling from a public relations nightmare involving exploding Galaxy Note 7 devices that caused a series of fires and a massive product recall.
  • Look for additional earnings reports from Advance Auto Parts Inc.Ā (NYSE: AAP), ESCO Technologies Inc.Ā (NYSE: ESE), Guidewire Software Inc. (Nasdaq: GWRE), Zoe's Kitchen Inc. (NYSE: ZOES), Woodward Inc. (NYSE: WWD), TransDigm Group Inc. (NYSE: TDG), InterOil Corp. (NYSE: IOC), and DXP Enterprises Inc. (Nasdaq: DXPE).

Today's U.S. Economic Calendar (all times EST)

  • Week Bill Announcement at 11 a.m.
  • Three-month Bill Auction at 11:30 a.m.
  • Six-month Bill Auction at 11:30 a.m.
  • Dallas Federal Reserve Bank Robert Kaplan Speaks at 1:20 p.m.
  • Richmond Federal Reserve Bank President Jeffrey Lacker Speaks at 4:30 p.m.
  • San Francisco Federal Reserve Bank President John Williams speaks at 6:30 p.m.

Up Next: The Subprime Auto Loan Market Is About to Collapse - Here's How to Profit

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
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 Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Penny Nation Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader

Ā© 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 My Info

wpDiscuz