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Candle Lighting Time for Albany, NY:
Friday, November 22, 2019 4:09 pm

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Financial updates

Tuesday, November 19, 2019 – U.S. futures are pointing to a higher open, as investors digest earnings reports and await fresh developments on the U.S.-China trade front. The Dow and S&P 500 are both rising 0.2% in pre-market action. The Nasdaq 100 is trading 0.4% above fair value on the GLOBEX.

The early moves extend Monday’s gains, in which all three major averages advanced 0.1% to close at fresh record highs as investors weighed conflicting messages on the U.S.-China trade front. Although a report Monday suggested that the overall negotiating mood is negative, investor sentiment was supported by the White House issuing another 90-day license extension to allow American companies to continue conducting business with Chinese Tech giant Huawei Technologies. On the data front, housing starts rose 3.8% in October, while building permits jumped 5% in the same period, the most since May 2007. Treasuries are little changed, with the yield on the 10-year note holding steady at 1.81%.

In earnings, Home Depot is falling 3.8% after cutting its annual growth outlook for the second time this year, and falling short of analyst sales estimates. Shares of Kohl’s is slumping 12.5% after the department store retailer disappointed on the top and bottom line, and missed same-store sales estimates. Elsewhere, Boeing is adding 1.1% amid news the jet maker received orders for 50 of its embattled 737 MAX planes.

Overseas, the Euro STOXX 600 is gaining 0.5% near midday, hovering just below all-time highs. Germany’s DAX is rallying 0.9%. In Asia overnight, China’s Shanghai Composite advanced 0.9%, while Hong Kong’s Hang Seng jumped 1.6%.

Contact your Financial Advisor for additional information.

Wells Fargo Advisors is registered with the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority, but is not licensed or registered with any financial services regulatory authority outside of the U.S. Non-U.S. residents who maintain U.S.-based financial services account(s) with Wells Fargo Advisors may not be afforded certain protections conferred by legislation and regulations in their country of residence in respect of any investments, investment transactions or communications made with Wells Fargo Advisors.

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. ©2019 Wells Fargo Clearing Services, LLC. All rights reserved. CAR# 1018-02987, 0819-00261.

Brought to you by Benjamin J. Chuckrow

Benjamin J. Chuckrow
Senior Vice President – Branch Manager
Wells Fargo Advisors
4 Tower Pl, 9th Floor, Albany, NY 12203

518-464-2714 Cell 518-316-3848

Fax 518-456-3440 , 800-688-1680


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