Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, November 5. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes saw mixed results and minimal movement as investors anticipate results from the midterm elections. The Dow Jones Industrial Average and S&P 500 rose 0.8% and 0.6%, respectively, while the NASDAQ fell 0.1%. The Institute for Supply Management published its latest service-sector data. Although October’s activity declined slightly from September’s 21-year high, the monthly index still exceeded analysts’ expectations and remains the second-highest reported figure. Meanwhile, Papa Gino’s and D’Angelo Grilled Sandwiches’ parent, PGHC Holdings, filed for Chapter 11 bankruptcy protection, concurrently shuttering nearly 100 under-performing restaurant locations and announcing the company’s sale to a private equityThe amount of money that would be returned to shareholders if a company’s assets were sold off and all its debt repaid. firm, Wynnchurch Capital.
Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.