The Daily Caller logo

Dow Jones Industrial Average Gains 19 Points on Strong GDP Report

Money Morning Contributor
Font Size:

For Nov. 24, 2015, here’s the top stock market news and stocks to watch based on today’s market moves…

How Did the Stock Market Do Today?

stock-chart-blue
Dow Jones: 17,812.56; +19.88; +0.11%

S&P 500: 2,089.14; +2.55; +1.49%

Nasdaq: 4,984.62; +56.73; +1.15%

The Dow Jones Industrial Average today (Tuesday) added 19 points on news of a stronger than expected third-quarter GDP report. The news offset news consumer sentiment, which hit its lowest level in 14 months. This morning, the U.S. Commerce Department announced the economy grew by a faster pace in the third quarter than previously expected. The third-quarter GDP revision showed an increase of a 2.1% annual pace, beating last month’s estimate of 1.5%. Despite the positive gain, investors should be wary of the fact that inventory levels are accelerating.

Top Stock Market News Today

  • Stock Market News: Five of 10 S&P sectors saw gains on Tuesday, with energy stocks and materials stocks showing the strongest gains. The largest decliner on the day was the telecom sector. Gold prices were up on geopolitical concerns related to the attack on a Russian warplane in Turkey.
  • Oil in Focus: Oil prices saw strong gains on concerns about geopolitical tensions in the Middle East. This morning, a Russian warplane was shot down near Turkey, raising the stakes on how the international community deals with ISIS. January WTI prices were up 2.9%, trading at $42.97 per barrel. Meanwhile, Brent oil crude – priced in London – added 3.1% to hit $46.24. High-volume stocks Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) added 2% and 1.5% on the day, respectively. Shares of Kinder Morgan Inc. (NYSE: KMI) were up 3.1%.
  • On Tap Tomorrow: On Wednesday, the economic calendar shifts due to the markets being closed on Thursday in observance of the Thanksgiving holiday. Tomorrow’s schedule features an update on weekly jobless claims, new home sales, the EIA Petroleum status, and durable goods. Companies set to report quarterly earnings include Deere & Co. (NYSE: DE) and Donaldson Co. Inc. (NYSE: DCI).

Stocks to Watch: FDX, XRX, TWTR, AAL, UAL, DAL, PCLN, TRIP, AVP, C

  • Stocks to Watch No. 1, FDX: Shares of FedEx Corp. (NYSE: FDX) were up marginally on news the Federal Trade Commission has approved the shipping giant’s proposed merger with Europe-based TNT Express. The deal has not been approved by the European Union, but the companies have said publicly that EU antitrust regulators plan to approve the deal.
  • Stocks to Watch No. 2, XRX: Shares of Xerox Corp. (NYSE: XRX) are in focus on news activist investor Carl Icahn has purchased a 7% stake in the printer and copier manufacturer. The stake makes him the second-largest shareholder of the firm. Now here’s the bigger question: Is Carl Icahn going to purchase Twitter Inc. (NYSE: TWTR)?
  • Stocks to Watch No. 3, AAL: The U.S. State Department issued a global travel alert for Americans, which punished stocks in the travel sector. Airline stocks slumped on the news. United Continental Holdings Inc. (NYSE: UAL) dipped 3%, American Airlines Group Inc. (Nasdaq: AAL) fell 2.5%, and Delta Air Lines Inc. (NYSE: DAL) was off 3.1%. Meanwhile, Priceline Group Inc. (Nasdaq: PCLN) and Tripadvisor Inc. (Nasdaq: TRIP) were both off about 2%.
  • Stocks to Watch No. 4, AVP: Shares of Avon Products Inc. (NYSE: AVP) jumped more than 16% on news the company received an upgrade from “Hold” to “Buy” from Citigroup Inc. (NYSE: C). The investment bank set a price target of $5 per share, which represented a more than 70% jump from levels prior to the release of its report.

What Investors Must Know This Week

Follow us on Twitter @moneymorning or like us on Facebook.

About Money Morning: Money Morning gives you access to a team of ten 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.To get full access to all Money Morning content, click here.

Disclaimer: © 2015 Money Morning and Money Map Press. 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. 16 W. Madison St. Baltimore, MD, 21201.

Money Morning

PREMIUM ARTICLE: Subscribe To Keep Reading
Sign up

By subscribing you agree to our Terms of Use

 You're signed up!

Sign up

By subscribing you agree to our Terms of Use

 You're signed up!
Sign up

By subscribing you agree to our Terms of Use

 You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

 You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

 You're signed up!
Sign up

By subscribing you agree to our Terms of Use

 You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters ✔ ✔ ✔
Daily Caller Shows ✔ ✔ ✔
Ad Free Experience ✔ ✔ ✔
Exclusive Articles ✔ ✔ ✔
Custom Newsletters ✔ ✔ ✔
Editor Daily Rundown ✔ ✔ ✔
Behind The Scenes Coverage ✔ ✔
Award Winning Documentaries ✔ ✔
Patriot War Room ✔ ✔
Patriot Live Chat ✔ ✔
Exclusive Events ✔
Gold Membership Card ✔
Tucker Mug ✔

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel