[Tuesday, November 27, 2018]
Markets erased early losses for a second consecutive session of gains following last week’s precipitous decline. Investor skepticism remains as evidenced by the day’s choppy action. Trade issues, the Fed and the economy all continue to weigh on sentiment. But for today the bulls prevailed with the most-watched indices higher at the close. The S&P 500 added +8.72 to 2,682.17, the Dow gained +108.49 to 24,748.73 and the Nasdaq Composite was just positive, up +0.85 to 7082.70. The Russell returned to its losing ways, dropping -13.10 to 1492.86. Major sectors were mixed. Health Care led the day with a +1% gain while Materials lagged. Crude prices were mixed. Treasuries were little changed across the curve. VIX volatility crept up to close at 19.02.