Stock Indexes Fall as Tech Stocks Lead Decline - Adviser Investments

Stock Indexes Fall as Tech Stocks Lead Decline

Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Monday, November 19.  Major U.S. stock 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.

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