The market is once again in record high territory, as industrial production data and housing starts exceeded expectations.

The Dow gains 0.1%, as Goldman Sachs (GS), Home Depot (HD) and Boeing (BA) lead.

New highs continue to outpace new lows

On the NYSE:

• Advancing 1,861
• Declining 1,058
• New Highs 148
• New Lows 12

On the Nasdaq:

• Advancing 1,664
• Declining 1,452
• New Highs 178
• New Lows 43

Boeing (BA) reversed higher despite 737 Max production announcement. The stock is up 0.2%, after falling as much as 2% earlier. Boeing suppliers are also under pressure, Spirit AeroSystems (SPR) is down 2.6%, and Triumph Group (TGI) is up 0.3% after plunging 6.2% on Monday. General Electric (GE) is currently down 0.2%

Boeing CEO Dennis Muilenburg, said in July that halting Boeing 737 Max production could be more efficient than a sustained lower production rate. It would reduce the outflow of airplanes, as storage space becomes an issue.

Energy is the best performer in the S&P as oil prices rise. Oil is testing resistance at $60, crossing above would send buyers looking for an opportunity in oil stocks.

S&P 500 Index	+0.13%
Communication Services (XLC)	+0.11%
Consumer Discretionary (XLY)	+0.46%
Consumer Staples (XLP)		-0.13%
Energy (XLE)	+0.61%
Financials (XLF)	+0.52%
Health Care (XLV)		-0.04%
Industrials (XLI)	+0.08%
Materials (XLB)		-0.15%
Real Estate (XLRE)		-0.58%
Technology (XLK)		0.09%
Utilities (XLU)	+0.50%

 

US Job Openings Surge Past Expectations

The JOLTs report came in 260,000 better-than-expected.  The jobs market is amazing and yet people are still reluctant to quit their jobs, which keeps wages lower if they’d go if more folks hit the bricks.

 

 

 

 

Comments

In my case, I look at job satisfaction in the context of “finding a job is easy, but keeping a job is hard”... Andrew B Newallo on 12/17/2019 5:27:49 PM

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