Trump scores BIG AGAIN!

Stock Market Workers
Stock Market Workers

Stocks closed on record highs in November helped by a batch of positive retail earnings, a new record for Disney and more positive developments on U.S.-China trade talks.

The record close was the 100th since President Trump took office.

Ticker Security Last Change Change %
SP500 S&P 500 3140.98 -12.65 -0.40%
I:DJI DOW JONES AVERAGES 28051.41 -112.59 -0.40%
I:COMP NASDAQ COMPOSITE INDEX 8665.470809 -39.70 -0.46%

Investors scooped up more Disney shares, lifting the Mouse House to a new record after the research firm Apptopia said the Disney+ app has been downloaded 15.5 million times and is averaging 25.6 million sessions per day over the past week.

Ticker Security Last Change Change %
DIS WALT DISNEY COMPANY 151.58 +0.10 +0.07%

Uber and Lyft shares gained despite the City of Chicago announcing a congestion tax on ride-hailing services. Uber was hit hard Monday after London pulled its business license.

Ticker Security Last Change Change %
UBER UBER TECHNOLOGIES INC. 29.60 +0.11 +0.37%
LYFT LYFT INC. 48.98 -0.39 -0.79%

On the earnings front, Best Buy reported better-than-expected third-quarter results as store sales rose 2 percent from a year ago, driven by strength in appliances, headphones, tablets, services and computing. The electronics retailer also raised its full-year outlook for earnings and revenue.

Dick’s Sporting Goods soared after reporting a top and bottom-line beat and raising its outlook for the rest of the year. The sporting goods retailer said e-commerce sales climbed 13 percent year-over-year.

Meanwhile, shares of Dollar Tree tanked after the discount retailer said it expects fourth-quarter earnings to take a hit due to tariffs.

Ticker Security Last Change Change %
BBY BEST BUY 80.64 -0.10 -0.12%
DKS DICKS SPORTING 45.81 -0.08 -0.17%
DLTR DOLLAR TREE INC. 91.46 -1.57 -1.69%

And more positive trade developments also helped drive the gains after Trump told reporters the U.S. and China are “in the final throes” of reaching a deal. The comments came after China said earlier in the day that its top trade envoy and other senior officials spoke by phone with U.S. negotiators.

China’s commerce ministry said Vice Premier Liu He and other senior officials spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. U.S. trade sources confirmed the call with FOX Business.

Read the rest at: 100th Record Close

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