Rebound on Wall Street - Adviser Investments

Rebound on Wall Street

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Thursday, November 15. Major U.S. stock indexes rebounded: The Dow Jones Industrial Average, S&P 500 and NASDAQ gained 0.8%, 1.1% and 1.7%, respectively. Meanwhile, the Commerce Department released retail sales data for October, reflecting a 0.8% monthly increase versus the 0.5% rise economists predicted. The Federal Reserve Bank of Philadelphia’s November Manufacturing Business Outlook Survey indicates that the manufacturing sector remains strong with around 35% of manufacturers seeing monthly activity gains.

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