Events That Shaped This Week's Market – November 25 to 29, 2019

Dow Jones Futures – Nov 25 – 29, 2019

S&P 500 Futures – Nov 25 – 29, 2019

Nasdaq Futures – Nov 25 – 29, 2019

Monday – November 25

In a statement yesterday published by the state-run Global Times, the Chinese government announced that it will take an active role governing intellectual property rights, raising penalties for those who violate it. This was taken as encouraging news in the markets which, in addition to Saturdays announcement by a US official that a phase one deal could happen this December, may have contributed to todays stock market rally.

The Dow Jones rallied more than 190 points, advancing to a record close at 28,066.47. The S&P 500 and Nasdaq also hit all-time closing highs, closing at 3,133.64 and 8,632.49 respectively.

Traders await Federal Reserve Chairman Jerome Powells speech later today at the Greater Providence Chamber of Commerce Annual Dinner in Providence, Rhode Island. Tomorrow, major economic reports include international trade, new home sales, and consumer confidence.

To date, the trade war environment–in which billions in tariffs have been levied on both sides–has been a prominent factor behind the volatility that has been shaking up investor sentiment and the broader market. Should a phase one deal pull through, the stock market outlook for the remainder of 2019 may arguably be forecasted as positive.

Tuesday – November 26

Indexes spend most of the trading day attempting to reclaim their overnight record highs. The overnight moves extended yesterdays surge which was largely fueled by optimism on trade negotiation progress between the US and China. The Dow advanced 150 points, a dramatic move that was nearly mirrored by the S&P 500 and Nasdaq.

Although a US official reported yesterday that a phase one trade deal may be reached by the end

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