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4:26 pm: Dow closes exactly the same as prior day
To the hundredth decimal place, the Dow Jones Industrial Average closed exactly the same as it did yesterday. The last time this occurred was April 24, 2014 at 16,501.65 according to Yahoo Finance calculations.
4:00 pm: Stocks close mixed
The S&P 500 and Nasdaq eked out gains at the end of a choppy session of trading Tuesday.
S&P 500 (^GSPC): +0.16%, or 4.83 points
Dow (^DJI): unchanged
Nasdaq (^IXIC): +0.26%, or 21.81 points
WTI crude oil prices: (CL=F): -0.14% to $56.78 per barrel
Gold (GC=F): +0.14% to $1,459.10 per ounce
2:51 pm: Musk says Tesla to build European car plant in Berlin area
Tesla CEO Elon Musk said Tesla will build a gigafactory in the Berlin Area, automotive news site Electrek reports.
12:56 pm: Trump says a Phase One deal with China is ‘close’
Amid a blizzard of comments, Trump declares that a preliminary first phase deal is “close” — adding: “A significant phase one trade deal with China could happen. It could happen soon.”
12:20 pm: Trump: Stocks would be 25% higher if the Fed had not raised rates
“If we had a Federal Reserve that worked with us, you could have added another 25% to each of those numbers I guarantee you that,” Trump said in a speech at the Economic Club of New York.
12:01 pm: Trump to tell Economic Club of New York: I’ve ‘DELIVERED’
In prepared remarks to the organization, the president boasts that his administration has “DELIVERED [emphasis his] on our promises – and exceeded our expectations. We have ended the war on American Workers, we have stopped the assault on American Industry, and we have launched an economic BOOM the likes of which we have never seen before!”
Meanwhile, Wall Street parked near session highs in directionless trading:
S&P 500 (^GSPC): +0.3%, or 9.31 points
Dow (^DJI): +0.11%, or 34.84 points
Nasdaq (^IXIC): +0.59%, or 50.35 points
WTI crude oil prices: (CL=F): -0.18% to $57.76 per barrel
Gold (GC=F): -0.15% to $1,454.90 per ounce
11:31 am: Boeing’s clients shun troubled 737 MAX
Reuters reports that Boeing (BA) took 10 new plane orders last month, but some customers opted to swap the grounded 737 MAX planes in favor of different plane models. Boeing has committed to getting the 737 MAX back in the air as early as December, but that timetable is in doubt.
11:23 am: Michael Bloomberg makes it official
The former New York City mayor and namesake of Bloomberg News has filed paperwork in Arkansas to appear on the 2020 Democratic primary ballot.
Last week, news broke that the billionaire philanthropist was jumping into the crowded primary, to present an alternative in a field dominated by left-wing progressives.
10:44 am: Disney, we have a problem
The good news for Disney+ is that consumers are really hyped for their streaming platform. The bad news is that consumers are really hyped for their product — and its causing the newly-minted service to spew error messages amid surging demand. The entertainment behemoth pleads for “patience” as it works out the kinks.
The consumer demand for Disney+ has exceeded our high expectations. We are working to quickly resolve the current user issue. We appreciate your patience.— Disney+ Help (@DisneyPlusHelp) November 12, 2019
Nevertheless, Disney’s stock is up nearly 2% intraday, trading at $139.22.
9:41 am: Nasdaq inches to a new intraday record
Absent any fresh news, major benchmarks are slowly grinding higher, leading the tech-heavy Nasdaq to a fresh high at 8,490.21.
9:34 am: Wall Street opens at new records
Stocks open marginally higher on Tuesday, but added to Monday’s gains that took major benchmarks to new record highs. Traders were on hold ahead of President Donald Trump’s speech around noon Eastern, for hints about progress in the U.S. China trade war.
Investors are watching to see how Disney + thrives in an increasingly crowded streaming space dominated by Netflix, and upstarts like Apple (AAPL) and Comcast (CMCSA) carving out their own niches. Some users complained of glitches on the service, just hours after it launched.
Here’s where markets were trading in the early session:
S&P 500 (^GSPC): +0.1%, or 3.12 points
Dow (^DJI): +0.02%, or 4.72 points
Nasdaq (^IXIC): +0.12%, or 9.87 points
10-year Treasury yield (^TNX): -0.6 bps to 1.93%
Gold (GC=F): -0.12% to $1,455.4 per ounce