S&P 500 making fresh all-time high in early trading despite the drop in consumer confidence to 125.5 in November from 126.1 in October and below the analyst’s expectations of 127, the Present Situation Index fell to 166.9 from 173.5. Earlier the Goods Trade Balance climbed from previous $-70.39B to $-66.53B in October. The United States Redbook Index (month over month) dropped from previous -0.3% to -0.4% in November 22. The S&P/Case-Shiller Home Price Index (year over year) came in at 2.1% in line with forecasts for September.
Dow Jones also trades higher at 28,099 while Nasdaq trades 0.15% higher at 8,645 making fresh all-time high as hopes that a trade deal between USA and China might be close.
S&P 500 getting a boost from Best Buy Co. Inc. +7.87%, Intuit Inc. +3.45% and Chipotle Mexican Grill Inc. +2.56%. On the other hand, S&P dragged down by Dollar Tree Inc. -15.40%, Hewlett Packard Enterprise Co. -7.85% and Iron Mountain Inc. -6.64 %.