Economy

Tansy_Gold

(18,054 posts) Wed Nov 16, 2022, 06:17 PM Nov 2022

STOCK MARKET WATCH -- Thursday, 17 November 2022

STOCK MARKET WATCH, Thursday, 17 November 2022

Previous SMW:
SMW for 16 November 2022

AT THE CLOSING BELL ON 16 November 2022

Dow Jones 33,553.83 -39.09 (0.12%)
S&P 500 3,958.79 -32.94 (0.83%)
Nasdaq 11,183.66 -174.75 (1.54%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:

Gold & Silver:

Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

Past presidential appointees didn’t have to wake up each morning to discover, in a full-blown panic, that the president woke up before them and was making wild and vulgar pronouncements to the world. When you bump into former officials in the course of Washington business, they ask what it’s like to operate in this type of environment. I’ll tell you. It’s like showing up at the nursing home at daybreak to find your elderly uncle running pantsless across the courtyard and cursing loudly about the cafeteria food, as worried attendants try to catch him. You’re stunned, amused, and embarrassed all at the same time. Only your uncle probably wouldn’t do it every single day, his words aren’t broadcast to the public, and he doesn’t have to lead the US government once he puts his pants on.

Miles Taylor aka "Anonymous." A Warning. Hachette Book Group. (c) 2019

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

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STOCK MARKET WATCH -- Thursday, 17 November 2022 (Original Post) Tansy_Gold Nov 2022 OP

S&P 500 still down 17.5% since Jan 3 high, and down 16.9% year to date progree Nov 2022 #1

BABA earnings overnight tonight. RIOT in the dumps. bucolic_frolic Nov 2022 #2

progree

(11,463 posts)

1. S&P 500 still down 17.5% since Jan 3 high, and down 16.9% year to date

Reply to Tansy_Gold (Original post)

Wed Nov 16, 2022, 06:58 PM

Nov 2022

Just so people don't look at the DJIA graph and think we're all recovered and its springtime in the stock market.

The S&P 500 is far more representative pf the U.S. stock market than a price-weighted (yes, bizarre) selection of 30 stocks. The S&P 500 is a capitalization-weighted index of more than 75% of the total U.S. stock market.

The total U.S. stock market index would of course be an ideal representation of the total U.S. stock market.

Oh, on top of that, the purchasing power of the dollar is down 6.4% since December, per the CPI, so the purchasing power of the S&P 500 is down 22.2% [1]. Add in a couple percent at most of dividends and it is still down more than 20%.

[1] 1 - (1-.169) * (1-.064) = .2222 = 22.2%.

bucolic_frolic

(46,998 posts)

2. BABA earnings overnight tonight. RIOT in the dumps.

Reply to Tansy_Gold (Original post)

Wed Nov 16, 2022, 08:07 PM

Nov 2022

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