In today’s Tuesday Morning Market Update, Stephen Whiteside of TheUpTrend.com shares insights on pre-market activity, with mixed stock index futures signaling a potential varied open. The S&P 500 and NASDAQ are trading higher, while the Dow and TSX 60 are lower. Commodities show a mixed trend, with gold slightly up and crude oil down. Key economic data, including home sales and consumer confidence, is anticipated later in the day. Stephen also highlights Black Friday membership offers, with discounts for new and upgrading members.
Market movements include the Dow’s new highs, driven by Sherwin Williams and Boeing, while big-cap tech stocks weigh down the S&P 500 and NASDAQ. Bitcoin hovers around $100,000, facing potential resistance or further gains. Energy and commodity ETFs, along with metals like gold and silver, remain under pressure. Financials show mixed results, with CI Financial surging after acquisition news. Stephen concludes with updates on Canadian markets and recent tariff announcements.
Stephen Whiteside
TheUpTrend.com
Tuesday, November 26, 2024
