Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, November 19. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes declined, with the Dow Jones Industrial Average, S&P 500 and NASDAQ down 1.5%, 1.7% and 3.0%, respectively. The technology sector led the sell-off, with Apple and Facebook dropping around 4% and 5%, respectively. Meanwhile, the National Association of Home Builders’ monthly confidence index for November fell nearly 12% from October. Builder confidence remains elevated at 60, though held in check by high prices and higher mortgage rates.
