Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Tuesday, November 20. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes dropped, with the Dow Jones Industrial Average, S&P 500 and NASDAQ fell 2.2%, 1.8% and 1.7%, respectively. Meanwhile, the Commerce Department released October housing permits (down 6% year-over-year) and starts (down 3%) as the housing market slows on rising mortgage rates.
