November 30, 2018

We haven’t had a down November since 2011 and this year it took the best weekly market performance in 9 months to bring us back into positive territory for the month but we did manage to get it done.  It was a quiet day of trading as all eyes are on the G20 Summit in Argentina looking for any indication of progress on trades talks with China.

Dow opened -50

At the close:

  • DOW +200 to 25538
  • S&P +22 to 2760
  • NASDAQ +57 to 7330
  • OIL -.80 to 50.75
  • GOLD -3 to 1221

In corporate news shares of Sprouts Farmers Markets, up 11% for the year, lost 15% today on news the CEO of the Phoenix based company will be leaving at the end of the year to pursue other interest.  Also on the move were shares of Game Stop that lost 7% despite a solid quarterly report as their guidance was disappointing.  Workday was 12% higher at a new all-time high on a strong quarterly report.