Financial Review

Flying High


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…Stocks string together 3 wins. US-China talking trade, again. Manufacturing slips. Auto sales strong. Earnings season includes Apple, Starbucks and NYTimes. Criminal charges in 1MDB. Google’s 10-minute global walkout. Financial Review by Sinclair Noe for 11-01-2018 DOW + 264 = 25,380 SPX + 28 = 2740 NAS + 128 = 7434 RUT + 33 = 1544 10 Y – .01 = 3.14% OIL – .13 = 63.56 GOLD + 18.80 = 1233.90   For the first time in 6 months, stocks moved higher for a third consecutive session. The 3-day gain for the Dow tops 900 points.   The Institute for Supply Management’s manufacturing index fell to a six-month low of 57.7% in October from 59.8% in September. Any reading above 50% indicates improving conditions.   Total light weight vehicle sales in October reached a seasonally adjusted annual rate of 17.57 million, up from 17.44 million last month and the best showing since November. Ford reported a 5 percent decline in sales for its pickup trucks, while overall sales fell 3.9 percent. Fiat Chrysler Automobiles said US sales rose 16 percent on higher demand for its Jeep and Ram vehicles. Toyota Motor separately said its US sales rose about 1.4 percent. Earlier this year, General Motors switched to reporting sales quarterly instead of monthly.   The number of Americans losing their jobs each week fell slightly in late October and clung near the lowest level in decades.   Trump said his administration is finalizing a plan to end what he ...
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Financial ReviewBy Sinclair Noe