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US Market Wrap 7 November 2018

Posted by Billy Macris on 07-Nov-2018 15:44:17

US equities rose on Tuesday as investors eagerly awaited the results of midterm elections with the Dow +0.68%, S&P 500 +0.63% and the Nasdaq +0.64%. Since the morning, Dow futures have jumped as the results of the elections have trickled through the polls and have been trading higher after initially falling away after the Australian market open.

Of the Dow stocks IBM shares were the best performer rising 2.5 percent followed by a 2.3 percent gain in Caterpillar. Of the percentage decliners, Nike and Pfizer shares fell 1.2 percent. All of the S&P 500 sectors rose finishing in positive territory with the Materials Index rising 1.51 percent and on the other end of the spectrum the Energy index rose 0.34 percent amid lower oil prices overnight.

On the earnings front, CVS Health reported positive results as the stock rose 5.7 percent. Its peer Eli Lilly fell 3.85 percent to $105.90 despite during the session shares were higher by as much as 8 percent. After the final bell in after-market trading, Etsy shares soared nearly 13 percent after the company raised its full-year revenue outlook and announced a $200 million stock buyback. Match Group shares are trading lower by 9 percent, gaming headphone provider Turtle Beach shares were lower by 13 percent and Twilio shares are higher by 9 percent.

ETF S&P 500 Sectors

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ETF Sectors Screener 

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FX & Commodities 

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Chart of the Day: Eli Lilly (LLY) daily chart

7.11.18 - lly

Topics: +U.S. Market Wrap