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India stocks lower at close of trade; Nifty 50 down 1.00%

November 20, 2018, 10:45

Investing.com – India stocks were lower after the close on Tuesday, as losses in the Metals, IT and Technology sectors led shares lower.

At the close in NSE, the Nifty 50 declined 1.00%, while the BSE Sensex 30 index lost 0.84%.

The best performers of the session on the Nifty 50 were GAIL Ltd (NS:GAIL), which rose 2.79% or 9.35 points to trade at 344.05 at the close. Meanwhile, Adani Port and Special Economic Zone Ltd (NS:APSE) added 1.41% or 4.95 points to end at 355.25 and IndusInd Bank Ltd. (NS:INBK) was up 0.97% or 14.90 points to 1557.85 in late trade.

The worst performers of the session were Yes Bank Ltd (NS:YESB), which fell 6.20% or 12.70 points to trade at 192.10 at the close. Hindalco Industries Ltd. (NS:HALC) declined 5.33% or 12.50 points to end at 221.95 and Indiabulls Housing Finance Ltd (NS:INBF) was down 3.71% or 27.20 points to 706.60.

The top performers on the BSE Sensex 30 were IndusInd Bank Ltd. (BO:INBK) which rose 1.34% to 1558.35, Adani Port and Special Economic Zone Ltd (BO:APSE) which was up 1.24% to settle at 354.15 and Mahindra&Mahindra Ltd. (BO:MAHM) which gained 0.30% to close at 782.70.

The worst performers were Yes Bank Ltd (BO:YESB) which was down 6.10% to 192.55 in late trade, Tata Steel Ltd (BO:TISC) which lost 3.21% to settle at 563.50 and Vedanta Ltd (BO:VDAN) which was down 2.89% to 205.10 at the close.

Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1178 to 423 and 48 ended unchanged; on the Bombay Stock Exchange, 1668 fell and 828 advanced, while 140 ended unchanged.

The India VIX, which measures the implied volatility of Nifty 50 options, was up 0.38% to 19.3275.

Gold Futures for December delivery was down 0.09% or 1.10 to $1224.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.37% or 0.21 to hit $56.99 a barrel, while the January Brent oil contract fell 0.63% or 0.42 to trade at $66.37 a barrel.

USD/INR was down 0.04% to 71.454, while EUR/INR fell 0.38% to 81.7070.

The US Dollar Index Futures was up 0.11% at 96.17.

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Top 5 Things to Know in The Market on Tuesday

November 20, 2018, 10:33

Investing.com - Here are the top five things you need to know in financial markets on Tuesday, November 20:

1. U.S. Stock Futures Tumble

U.S. stock futures pointed to a sharply lower open, with tech stocks again setting up for a tough session.

At 5:30AM ET (1030GMT), the tech-heavy Nasdaq 100 futures were down by 64 points, or around 1%.

Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX), and Google parent Alphabet (NASDAQ:GOOGL), all big losers Monday, were down again in pre-market.

Meanwhile, the blue-chip Dow futures were down 142 points, or about 0.6%, while the S&P 500 futures indicated a loss of 16 points, or around 0.6%.

U.S. stocks tumbled on Monday, with the Dow dropping 400 points, as investors dumped tech shares.

Elsewhere, European stocks fell sharply. All major bourses were in negative territory, with tech stocks leading losses.

Earlier, stocks in Asia closed deep in negative territory. In mainland China, the Shanghai Composite ended down 2.1%

2. Target Reports Earnings

Target (NYSE:TGT) is one of the last notable names slated to report third-quarter results before U.S. markets open, as the earnings season continues to wind down.

The retailer is expected to report earnings of $1.11 per share on revenue of $17.71 billion, according to estimates.

U.S. same-store sales are expected to rise 5.2%.

Investors will be closely watching the results to see whether its ongoing efforts to boost online sales are paying off.

Other notable companies reporting results ahead of the opening bell include Best Buy (NYSE:BBY), Lowe’s (NYSE:LOW), Kohl’s (NYSE:KSS), TJX Companies (NYSE:TJX), Ross Stores (NASDAQ:ROST), and Campbell Soup (NYSE:CPB).

Read more: 3 Stocks To Watch In the Coming Week: Target, Lowe's, Facebook: Haris Anwar.

After the close, Gap (NYSE:GPS), Foot Locker (NYSE:FL), BJs Wholesale (NYSE:BJ), and Autodesk (NASDAQ:ADSK) are on deck.

3. U.S. Housing Data

On the data front, the Commerce Department at 8:30AM ET (1330GMT) is expected to report building permits fell 0.8% in October to 1.267 million units.

Housing starts, meanwhile, are expected to rise 1.6% to 1.225 million units.

Recent data has painted a worrying picture of the U.S. housing market, which is struggling with rising mortgage rates and tight inventory.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was a shade higher at 96.17.

In the bond market, U.S. Treasury prices edged higher, pushing yields lower across the curve, with the benchmark 10-year yield sliding to 3.04%.

4. Oil Prices Decline Ahead of API Report

In commodities, oil prices were on the backfoot ahead of the release of fresh weekly data on U.S. commercial crude inventories.

The American Petroleum Institute is due to release its weekly report for the week ended November 9 at 4:30PM ET (2130GMT), amid expectations of an increase of about 2.0 million barrels. If confirmed, it would be the ninth straight weekly climb in domestic crude supplies.

U.S. West Texas Intermediate crude futures were down 29 cents, or roughly 0.5% at $56.91 a barrel.

International Brent crude oil futures fell 54 cents, or 0.8%, to $66.25 per barrel.

5. Bitcoin Sinks To 13-Month Low as Crypto Plunge Continues

Bitcoin dropped again, extending its recent decline to the lowest level in more than a year, as a selloff in cryptocurrencies intensified across the board.

Bitcoin, the world's most valuable digital currency was down around 16% at $4,555.10 on the Bitfinex exchange, after falling to as low as $4,411.00, its weakest level since October 2017.

Other cryptocurrencies also fell sharply.

XRP, the world’s second largest cryptocurrency by market cap, was trading at $0.45055, down roughly 5% for the day

Meanwhile, Ethereum, the third largest coin, sank 15.3% to $134.11, its worst level since May 2017.

Other major digital currencies like Stellar, Litecoin, and Cardano also suffered heavy losses.

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EOS Falls 10% In Bearish Trade

November 20, 2018, 09:34

Investing.com - EOS was trading at $3.6904 by 04:34 (09:34 GMT) on the Investing.com Index on Tuesday, down 10.23% on the day. It was the largest one-day percentage loss since November 20.

The move downwards pushed EOS's market cap down to $3.3299B, or 2.26% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.

EOS had traded in a range of $3.4722 to $4.2518 in the previous twenty-four hours.

Over the past seven days, EOS has seen a drop in value, as it lost 31.37%. The volume of EOS traded in the twenty-four hours to time of writing was $1.2903B or 5.56% of the total volume of all cryptocurrencies. It has traded in a range of $3.4722 to $5.3417 in the past 7 days.

At its current price, EOS is still down 83.94% from its all-time high of $22.98 set on April 29.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,552.5 on the Investing.com Index, down 15.81% on the day.

XRP was trading at $0.45470 on the Investing.com Index, a loss of 3.91%.

Bitcoin's market cap was last at $78.8381B or 53.48% of the total cryptocurrency market cap, while XRP's market cap totaled $18.3516B or 12.45% of the total cryptocurrency market value.

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Litecoin Tumbles 21% In Rout

November 20, 2018, 08:48

Investing.com - Litecoin was trading at $32.135 by 03:48 (08:48 GMT) on the Investing.com Index on Tuesday, down 20.62% on the day. It was the largest one-day percentage loss since September 14, 2017.

The move downwards pushed Litecoin's market cap down to $1.974B, or 1.38% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $14.099B.

Litecoin had traded in a range of $32.135 to $38.736 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a drop in value, as it lost 34.19%. The volume of Litecoin traded in the twenty-four hours to time of writing was $593.014M or 2.72% of the total volume of all cryptocurrencies. It has traded in a range of $32.1354 to $51.2673 in the past 7 days.

At its current price, Litecoin is still down 92.35% from its all-time high of $420.00 set on December 12, 2017.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,398.4 on the Investing.com Index, down 21.55% on the day.

XRP was trading at $0.42830 on the Investing.com Index, a loss of 12.75%.

Bitcoin's market cap was last at $76.963B or 53.84% of the total cryptocurrency market cap, while XRP's market cap totaled $17.119B or 11.97% of the total cryptocurrency market value.

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EOS Tumbles 21% In Selloff

November 20, 2018, 08:48

Investing.com - EOS was trading at $3.5413 by 03:48 (08:48 GMT) on the Investing.com Index on Tuesday, down 20.91% on the day. It was the largest one-day percentage loss since June 10.

The move downwards pushed EOS's market cap down to $3.2249B, or 2.26% of the total cryptocurrency market cap. At its highest, EOS's market cap was $17.5290B.

EOS had traded in a range of $3.5388 to $4.2518 in the previous twenty-four hours.

Over the past seven days, EOS has seen a drop in value, as it lost 33.54%. The volume of EOS traded in the twenty-four hours to time of writing was $1.1945B or 5.48% of the total volume of all cryptocurrencies. It has traded in a range of $3.5388 to $5.3417 in the past 7 days.

At its current price, EOS is still down 84.59% from its all-time high of $22.98 set on April 29.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,400.3 on the Investing.com Index, down 21.55% on the day.

XRP was trading at $0.42837 on the Investing.com Index, a loss of 12.75%.

Bitcoin's market cap was last at $76.9629B or 53.84% of the total cryptocurrency market cap, while XRP's market cap totaled $17.1185B or 11.97% of the total cryptocurrency market value.

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Bitcoin Tumbles 21% In Selloff

November 20, 2018, 08:46

Investing.com - Bitcoin was trading at $4,429.8 by 03:46 (08:46 GMT) on the Investing.com Index on Tuesday, down 20.74% on the day. It was the largest one-day percentage loss since January 14, 2015.

The move downwards pushed Bitcoin's market cap down to $77.0B, or 53.84% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $4,429.5 to $5,013.4 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a drop in value, as it lost 30.48%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $7.4B or 34.15% of the total volume of all cryptocurrencies. It has traded in a range of $4,429.5454 to $6,453.2700 in the past 7 days.

At its current price, Bitcoin is still down 77.71% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

XRP was last at $0.43008 on the Investing.com Index, down 12.30% on the day.

Ethereum was trading at $130.18 on the Investing.com Index, a loss of 21.04%.

XRP's market cap was last at $17.1B or 11.97% of the total cryptocurrency market cap, while Ethereum's market cap totaled $13.6B or 9.51% of the total cryptocurrency market value.

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Japan stocks lower at close of trade; Nikkei 225 down 1.09%

November 20, 2018, 08:35

Investing.com – Japan stocks were lower after the close on Tuesday, as losses in the Communication, Chemical, Petroleum&Plastic and Mining sectors led shares lower.

At the close in Tokyo, the Nikkei 225 declined 1.09%.

The best performers of the session on the Nikkei 225 were Tokyo Electric Power Co., Inc. (T:9501), which rose 3.44% or 22.0 points to trade at 662.0 at the close. Meanwhile, Central Japan Railway Co. (T:9022) added 3.11% or 680.0 points to end at 22565.0 and Chubu Electric Power Co., Inc. (T:9502) was up 3.04% or 51.0 points to 1727.5 in late trade.

The worst performers of the session were Mitsubishi Motors Corp. (T:7211), which fell 6.85% or 50.0 points to trade at 680.0 at the close. Dainippon Screen Mfg. Co., Ltd. (T:7735) declined 5.70% or 320.0 points to end at 5290.0 and Nissan Motor Co., Ltd. (T:7201) was down 5.45% or 54.8 points to 950.7.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2285 to 1199 and 206 ended unchanged.

Shares in Tokyo Electric Power Co., Inc. (T:9501) rose to 52-week highs; rising 3.44% or 22.0 to 662.0. Shares in Dainippon Screen Mfg. Co., Ltd. (T:7735) fell to 52-week lows; down 5.70% or 320.0 to 5290.0. Shares in Nissan Motor Co., Ltd. (T:7201) fell to 52-week lows; losing 5.45% or 54.8 to 950.7.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 7.96% to 20.80.

Crude oil for January delivery was down 0.37% or 0.21 to $56.99 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.61% or 0.41 to hit $66.38 a barrel, while the December Gold Futures contract rose 0.07% or 0.80 to trade at $1226.10 a troy ounce.

USD/JPY was down 0.12% to 112.43, while EUR/JPY fell 0.02% to 128.88.

The US Dollar Index Futures was down 0.07% at 96.00.

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Dollar Slips to Near 2-Week Lows in Subdued Trade

November 20, 2018, 08:34

Investing.com - The dollar slid lower on Tuesday, to trade at a near two week low against a currency basket as investors remained subdued ahead of the U.S. Thanksgiving holiday later in the week.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, edged down 0.13% to 95.94 by 03:33 AM ET (08:33 AM GMT), the lowest level since Nov. 8.

The dollar has been pressured lower by dovish sounding comments late last week from Federal Reserve Vice Chair Richard Clarida and Dallas Fed President Robert Kaplan who raised concerns over a slowdown in global economic growth.

The dollar came under additional pressure on Monday after data showing that sentiment among U.S. homebuilders fell at the fastest pace in more than four-and-a-half years in November.

The U.S. currency has strengthened broadly this year, hitting 16-month highs earlier this month boosted by three Fed rate hikes and a robust economy.

Overall market sentiment remained cautious after steep falls on Wall Street on Monday amid a selloff in tech stocks. Ongoing concerns over the economic impact of the trade conflict between the U.S. and China added to risk-off sentiment in markets.

The yield on the 10-year U.S. Treasury notes was hovering near seven-week lows at 3.065%.

The dollar dipped to three week lows against the yen, with USD/JPY edging down 0.1% to 112.45.

The euro was a touch higher, with EUR/USD rising 0.14% to 1.1468.

The pound edged up against the dollar, with GBP/USD changing hands at 1.2870, but was little changed against the euro, with EUR/GBP at 0.8908.

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Stellar Lumens Falls 20% In Rout

November 20, 2018, 08:24

Investing.com - Stellar Lumens was trading at $0.19215 by 03:23 (08:23 GMT) on the Investing.com Index on Tuesday, down 20.08% on the day. It was the largest one-day percentage loss since January 16.

The move downwards pushed Stellar Lumens's market cap down to $3.67054B, or 2.50% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12000B.

Stellar Lumens had traded in a range of $0.19061 to $0.23483 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a drop in value, as it lost 27.95%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $136.70051M or 0.62% of the total volume of all cryptocurrencies. It has traded in a range of $0.1906 to $0.2613 in the past 7 days.

At its current price, Stellar Lumens is still down 79.11% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,558.2 on the Investing.com Index, down 17.34% on the day.

XRP was trading at $0.42815 on the Investing.com Index, a loss of 12.81%.

Bitcoin's market cap was last at $79.26534B or 54.05% of the total cryptocurrency market cap, while XRP's market cap totaled $17.15116B or 11.70% of the total cryptocurrency market value.

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Stellar Lumens Tumbles 21% In Rout

November 20, 2018, 08:12

Investing.com - Stellar Lumens was trading at $0.19779 by 03:11 (08:11 GMT) on the Investing.com Index on Tuesday, down 20.55% on the day. It was the largest one-day percentage loss since January 16.

The move downwards pushed Stellar Lumens's market cap down to $3.84628B, or 2.55% of the total cryptocurrency market cap. At its highest, Stellar Lumens's market cap was $12.12000B.

Stellar Lumens had traded in a range of $0.19778 to $0.23483 in the previous twenty-four hours.

Over the past seven days, Stellar Lumens has seen a drop in value, as it lost 24.51%. The volume of Stellar Lumens traded in the twenty-four hours to time of writing was $136.73479M or 0.61% of the total volume of all cryptocurrencies. It has traded in a range of $0.1978 to $0.2613 in the past 7 days.

At its current price, Stellar Lumens is still down 78.50% from its all-time high of $0.92 set on January 3.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,624.7 on the Investing.com Index, down 18.10% on the day.

XRP was trading at $0.43872 on the Investing.com Index, a loss of 10.61%.

Bitcoin's market cap was last at $80.63328B or 53.49% of the total cryptocurrency market cap, while XRP's market cap totaled $17.89638B or 11.87% of the total cryptocurrency market value.

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Litecoin Falls 14% In Selloff

November 20, 2018, 08:10

Investing.com - Litecoin was trading at $34.944 by 03:10 (08:10 GMT) on the Investing.com Index on Tuesday, down 14.27% on the day. It was the largest one-day percentage loss since November 19.

The move downwards pushed Litecoin's market cap down to $2.067B, or 1.37% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $14.099B.

Litecoin had traded in a range of $34.856 to $38.736 in the previous twenty-four hours.

Over the past seven days, Litecoin has seen a drop in value, as it lost 31.07%. The volume of Litecoin traded in the twenty-four hours to time of writing was $611.325M or 2.74% of the total volume of all cryptocurrencies. It has traded in a range of $34.8563 to $51.2673 in the past 7 days.

At its current price, Litecoin is still down 91.68% from its all-time high of $420.00 set on December 12, 2017.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,624.7 on the Investing.com Index, down 18.10% on the day.

XRP was trading at $0.43816 on the Investing.com Index, a loss of 10.76%.

Bitcoin's market cap was last at $80.868B or 53.64% of the total cryptocurrency market cap, while XRP's market cap totaled $18.271B or 12.12% of the total cryptocurrency market value.

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XRP Falls 11% In Rout

November 20, 2018, 08:06

Investing.com - XRP was trading at $0.43857 by 03:06 (08:06 GMT) on the Investing.com Index on Tuesday, down 10.65% on the day. It was the largest one-day percentage loss since October 11.

The move downwards pushed XRP's market cap down to $18.93092B, or 12.50% of the total cryptocurrency market cap. At its highest, XRP's market cap was $79.53400B.

XRP had traded in a range of $0.43857 to $0.50672 in the previous twenty-four hours.

Over the past seven days, XRP has seen a drop in value, as it lost 9.5%. The volume of XRP traded in the twenty-four hours to time of writing was $1.36308B or 6.12% of the total volume of all cryptocurrencies. It has traded in a range of $0.4238 to $0.5297 in the past 7 days.

At its current price, XRP is still down 86.67% from its all-time high of $3.29 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,630.8 on the Investing.com Index, down 17.94% on the day.

Ethereum was trading at $136.35 on the Investing.com Index, a loss of 19.13%.

Bitcoin's market cap was last at $81.13438B or 53.55% of the total cryptocurrency market cap, while Ethereum's market cap totaled $14.30381B or 9.44% of the total cryptocurrency market value.

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Ethereum Falls 19% In Rout

November 20, 2018, 08:04

Investing.com - Ethereum was trading at $136.99 by 03:04 (08:04 GMT) on the Investing.com Index on Tuesday, down 18.57% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed Ethereum's market cap down to $14.30B, or 9.44% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $136.99 to $153.55 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 33.7%. The volume of Ethereum traded in the twenty-four hours to time of writing was $2.86B or 12.84% of the total volume of all cryptocurrencies. It has traded in a range of $136.9901 to $210.5902 in the past 7 days.

At its current price, Ethereum is still down 90.37% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,656.6 on the Investing.com Index, down 17.29% on the day.

XRP was trading at $0.45087 on the Investing.com Index, a loss of 7.63%.

Bitcoin's market cap was last at $81.13B or 53.55% of the total cryptocurrency market cap, while XRP's market cap totaled $18.93B or 12.50% of the total cryptocurrency market value.

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China stocks lower at close of trade; Shanghai Composite down 2.13%

November 20, 2018, 07:35

Investing.com – China stocks were lower after the close on Tuesday, as losses in the Technology Hardware&Equipment, Gas, Water&Multiutilities and Technology sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 2.13%, while the SZSE Component index lost 2.83%.

The best performers of the session on the Shanghai Composite were Eastern Gold Jade Co Ltd (SS:600086), which rose 10.08% or 0.510 points to trade at 5.570 at the close. Meanwhile, Shanghai Xinhua Media Co Ltd (SS:600825) added 10.05% or 0.550 points to end at 6.020 and Shanghai Shibei Hi-Tech Co Ltd A (SS:600604) was up 10.02% or 1.01 points to 11.09 in late trade.

The worst performers of the session were Huayi Electric Co Ltd (SS:600290), which fell 10.07% or 0.600 points to trade at 5.360 at the close. Nanjing Textiles Import&Export Corp Ltd (SS:600250) declined 10.05% or 0.880 points to end at 7.880 and Minfeng Special Paper Co Ltd (SS:600235) was down 10.03% or 1.050 points to 9.420.

The top performers on the SZSE Component were Anhui Shengyun Environment-Protection Group Co Ltd (SZ:300090) which rose 10.04% to 3.07, Zhuhai Orbita Control Eng (SZ:300053) which was up 9.96% to settle at 10.05 and Chengdu CORPRO Technology Co Ltd (SZ:300101) which gained 7.77% to close at 12.06.

The worst performers were Shandong Realcan Pharmaceutical Co Ltd (SZ:002589) which was down 10.03% to 8.43 in late trade, Tatwah Smartech Co Ltd (SZ:002512) which unchanged 0.00% to settle at 7.82 and Zhonghong Holding Co Ltd (SZ:000979) which was down 10.00% to 0.54 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1339 to 122 and 11 ended unchanged.

Shares in Shanghai Shibei Hi-Tech Co Ltd A (SS:600604) rose to 52-week highs; up 10.02% or 1.01 to 11.09. Shares in Tatwah Smartech Co Ltd (SZ:002512) unchanged to 3-years lows; unchanged 0.00% or 0.00 to 7.82. Shares in Zhonghong Holding Co Ltd (SZ:000979) fell to 5-year lows; losing 10.00% or 0.06 to 0.54.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 31.25.

Gold Futures for December delivery was up 0.38% or 4.70 to $1225.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 0.33% or 0.19 to hit $56.95 a barrel, while the January Brent oil contract fell 0.63% or 0.42 to trade at $66.37 a barrel.

USD/CNY was down 0.02% to 6.9403, while EUR/CNY rose 0.04% to 7.9532.

The US Dollar Index Futures was down 0.04% at 96.03.

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Taiwan stocks lower at close of trade; Taiwan Weighted down 0.86%

November 20, 2018, 06:45

Investing.com – Taiwan stocks were lower after the close on Tuesday, as losses in the , Semiconductor and Electricity sectors led shares lower.

At the close in Taiwan, the Taiwan Weighted fell 0.86%.

The best performers of the session on the Taiwan Weighted were Sercomm Corp (TW:5388), which rose 10.00% or 5.50 points to trade at 60.50 at the close. Meanwhile, GeoVision Inc (TW:3356) added 9.95% or 2.15 points to end at 23.75 and Vivotek Inc (TW:3454) was up 9.89% or 9.00 points to 100.00 in late trade.

The worst performers of the session were Green Energy Technology Inc (TW:3519), which fell 9.96% or 0.84 points to trade at 7.59 at the close. Radiant Opto-Electronics Corp (TW:6176) declined 7.40% or 6.40 points to end at 80.10 and Asmedia Technology Inc (TW:5269) was down 7.40% or 35.50 points to 444.00.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 546 to 246 and 108 ended unchanged.

Shares in Green Energy Technology Inc (TW:3519) fell to all time lows; down 9.96% or 0.84 to 7.59. Shares in Vivotek Inc (TW:3454) rose to 52-week highs; rising 9.89% or 9.00 to 100.00.

Crude oil for January delivery was down 0.26% or 0.15 to $57.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.39% or 0.26 to hit $66.53 a barrel, while the December Gold Futures contract fell 0.05% or 0.60 to trade at $1224.70 a troy ounce.

USD/TWD was up 0.08% to 30.936, while TWD/CNY fell 0.04% to 0.2252.

The US Dollar Index Futures was unchanged 0.00% at 96.06.

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China Evergrande’s Shares Drop After Issuing US$1B Notes Due 2020

November 20, 2018, 06:39

Investing.com - Real estate developer Evergrande (HK:3333) witnessed a 1.4% drop in shares to HK$19.72 on Tuesday morning, a day after it issued an additional US$1 billion in bonds.

Evergrande’s subsidiary Hengda Real Estate acts as the keepwell provider, investment holding company Tianji Holding as the parent guarantor and Citicorp International Limited as the trustee of the notes. These notes will mature on Nov. 6 2020.

The Guangzhou-based company said the funds raised from the notes will be used to “refinance existing offshore indebtedness.”

This is not the first time the group made an effort to shake off its debts. In late October, it issued $1.8 billion bonds – $565 million 11% bonds due 2020, $645 million 13% bonds due 2022 and $590 million 13.75% bonds due 2023. The group’s founder, Hui Ka Yan, and his company Xin Xin (BVI) Ltd, acquired $1 billion of its 2022 and 2023 bonds in total.

Bloomberg reported that the company’s proceeds from the issuance will be used to refinance its $2.4 billion offshore loans maturing in the first half of 2019.

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Gold Prices Little Changed as Fed Official Suggests Rates Likely to Rise Soon

November 20, 2018, 06:37

Investing.com - Gold prices were little changed on Tuesday even after New York Fed President John Williams (NYSE:WMB) said the Federal Reserve “will be likely raising interest rates somewhat.”

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange traded 0.08% lower at $1,224.3 a troy ounce by 1:34 AM ET (06:34 GMT).  

Speaking at a community event in New York on Monday, Williams said: “We’re going to do what we’ve been doing, as best we can, we’re going to find a - currently we say ‘gradual path’ of getting monetary policy back to more normal levels.”

The Fed has raised rates three times this year and is widely expected to hike rates again in December.

“Interest rates are still very low,” Williams said. “Our goal here is to keep the economy strong, keep this expansion going as long as possible.”

His comments came after Richard Clarida, the Fed’s newly appointed vice chair, expressed caution over the global growth outlook last Friday and said "that's something that is going to be relevant" for the outlook for the U.S. economy.

Federal Reserve Bank of Dallas President Robert Kaplan also said in a separate interview with Fox Business last week that he expected a growth slowdown in Europe and China.

“The market is very quiet today and appears to be in a holiday mood ahead of the U.S. Thanksgiving,” said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.

The U.S. dollar index that tracks the greenback against a basket of other currencies traded 0.06% to 96.2 by 12:42 AM ET (05:42 GMT).

“The dollar has come under some pressure giving some support to gold,” said Fung.

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Australia stocks lower at close of trade; S&P/ASX 200 down 0.38%

November 20, 2018, 06:00

Investing.com – Australia stocks were lower after the close on Tuesday, as losses in the IT, Healthcare and Consumer Discretionary sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 declined 0.38%.

The best performers of the session on the S&P/ASX 200 were Saracen Mineral Holdings Ltd (AX:SAR), which rose 3.17% or 0.080 points to trade at 2.600 at the close. Meanwhile, Pact Group Holdings Ltd (AX:PGH) added 2.32% or 0.080 points to end at 3.530 and St Barbara Ltd (AX:SBM) was up 1.89% or 0.080 points to 4.310 in late trade.

The worst performers of the session were Fletcher Building Ltd (AX:FBU), which fell 10.81% or 0.560 points to trade at 4.620 at the close. Altium Ltd (AX:ALU) declined 9.40% or 2.220 points to end at 21.390 and Orocobre Ltd (AX:ORE) was down 7.40% or 0.370 points to 4.630.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 796 to 336 and 374 ended unchanged.

Shares in Fletcher Building Ltd (AX:FBU) fell to 5-year lows; down 10.81% or 0.560 to 4.620.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 0.87% to 17.400.

Gold Futures for December delivery was down 0.16% or 2.00 to $1223.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 0.38% or 0.22 to hit $56.98 a barrel, while the January Brent oil contract fell 0.57% or 0.38 to trade at $66.41 a barrel.

AUD/USD was down 0.23% to 0.7277, while AUD/JPY fell 0.26% to 81.89.

The US Dollar Index Futures was up 0.04% at 96.10.

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Cardano Falls 19% In Rout

November 20, 2018, 05:52

Investing.com - Cardano was trading at $0.048715 by 00:51 (05:51 GMT) on the Investing.com Index on Tuesday, down 18.63% on the day. It was the largest one-day percentage loss since January 16.

The move downwards pushed Cardano's market cap down to $1.26273B, or 0.81% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.91700B.

Cardano had traded in a range of $0.048400 to $0.053323 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 35.4%. The volume of Cardano traded in the twenty-four hours to time of writing was $56.86676M or 0.26% of the total volume of all cryptocurrencies. It has traded in a range of $0.0484 to $0.0747 in the past 7 days.

At its current price, Cardano is still down 96.39% from its all-time high of $1.35 set on January 4.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,741.9 on the Investing.com Index, down 16.01% on the day.

XRP was trading at $0.49382 on the Investing.com Index, a gain of 1.37%.

Bitcoin's market cap was last at $82.09238B or 52.86% of the total cryptocurrency market cap, while XRP's market cap totaled $19.61934B or 12.63% of the total cryptocurrency market value.

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Dollar Flat After Fed Comments; Aussie Slips

November 20, 2018, 05:42

Investing.com - The dollar was flat while the Aussie slipped on Tuesday. Comments by New York Fed President John Williams received some focus as he said the Federal Reserve “will be likely raising interest rates somewhat.”

His comments came after Richard Clarida, the Fed’s newly appointed vice chair, expressed caution over the global growth outlook last Friday and said "that's something that is going to be relevant" for the outlook for the U.S. economy.

Federal Reserve Bank of Dallas President Robert Kaplan also said in a separate interview with Fox Business last week that he expected a growth slowdown in Europe and China.

The U.S. dollar index that tracks the greenback against a basket of other currencies traded 0.06% higher to 96.2 by 12:42 AM ET (05:42 GMT).

Although not a directional driver, data showed on Monday that the National Association of Home Builders/Wells Fargo Housing Market Index fell eight points to 60 in November. That was the lowest reading since August 2016, though a reading above 50 is still considered positive.

The AUD/USD pair was down 0.3% to 0.7273. Minutes of the Reserve Bank of Australia's (RBA) November policy meeting on Tuesday showed policy makers expect above-trend growth in 2018 and 2019, supported by interest rates at a record low 1.50%.

Meanwhile, the GBP/USD edged up 0.01% to 1.2857. Investors expect the pound to trade sideways until the market gets more clarity on progress in the Brexit deal.

The USD/CNY pair was unchanged at 6.9433 as the People's Bank of China (PBOC) set the yuan reference rate at 6.9280 vs Monday's fix of 6.9245.

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Oil Prices Fall as Russia Refuses to Commit to Output Cut

November 20, 2018, 04:27

Investing.com - Oil prices edged down on Tuesday morning in Asia as major oil producer Russia adopted a wait-and-see attitude towards OPEC’s potential decision to cut crude output.

Crude Oil WTI Futures for January delivery slipped 0.14% to $57.12 a barrel at 10:59PM ET (02:59 GMT) on the New York Mercantile Exchange, while in London’s Intercontinental Exchange Brent Oil Futures for January delivery dropped 0.3% to $66.59 per barrel.

Reports cited Russia’s energy minister Alexander Novak saying on Monday in Moscow, “We need to see how the situation develops in November and early December to better understand both the current conditions and the winter outlook. We need to make a balanced decision, and so far there are no criteria for it.”

The country is due to meet with OPEC+ oil producers during a Dec. 7 summit in Vienna to reach an output decision for the next six months. OPEC’s de-facto leader Saudi Arabia is driving OPEC to slash output by 1 to 1.4 million barrels per day (bpd) to avoid oversupply. OPEC+ is an informal name for a supercartel of 24 oil producers.

Meanwhile, the Central Intelligence Agency (CIA) in the U.S. is expected to present its report Tuesday to President Donald Trump on the role of Saudi Arabia in the murder of journalist Jamal Khashoggi in October. Trump opposed Saudi suggestion of an output cut as he pushes for further falls In the price of oil.

Helima Croft, the global head of commodity strategy at RBC Capital Markets and a former intelligence analyst for the CIA, told CNBC that Saudi Arabia was led to believe that the White House would impose strict sanctions on Iran, hence the decision for raising output in June.

Washington’s crude waivers to eight countries on importing Iranian oil have led to market concerns over excessive supply.

“Some believe [the Saudis] were sort of tricked into putting so many barrels on the market in advance of those sanctions. It’s going to be very interesting to see where Saudi Arabia comes down on the issue,” she said.

Iranian President Hassan Rouhani said on Monday that the country will keep exporting oil despite U.S. sanctions, “which is part of the psychological war launched against Iran.”

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Bitcoin Plunges 14%, Crashes Below $5,000 Mark

November 20, 2018, 04:03

Investing.com - Cryptocurrency prices plunged on Tuesday, with Bitcoin falling below the $5,000 mark for the first time in 2018.

Bitcoin plunged 13.5% to $4,930.00 by 11:05 AM ET (04:05 GMT) on the Bitifinex exchange.

XRP was down 1.2% to $0.49762 on the Poloniex exchange.

Ethereum slumped 13.9% to $150.95, while Litecoin declined 9.5% to $37.917 on the Bitifinex exchange.

The fall in prices came after the U.S. Securities and Exchange Commission announced its first penalties against two crypto companies that did not register their initial coin offerings (ICO) as securities.

The two companies, Airfox and Paragon Coin, will each have to pay penalties of $250,000 to compensate their investors, Bloomberg reported citing SEC’s statement.

“The selloff is related to enforcement, which is almost certainly underway,” said Justin Litchfield, chief technology officer at ProChain Capital. “Projects are being made to return investor money, which, after having spent a ton of money marketing their $100 million ICO on a lavish party-filled road-show that was the norm for this vintage of ICOs, will be tough.”

The cryptocurrency industry has now lost more than $670 billion in value from a January peak, according to data from CoinMarketCap.com. Bitcoin, the largest digital currency, is now down more than 70% from its December 2017 high.

Last week, Japan’s Financial Services Agency said it plans to regulate virtual coin wallets. Currently, only companies that buy and sell digital coins are required to register with the agency.

In positive news flow, Switzerland’s authorities approved the world’s first cryptocurrency ETF, according to several reports. The crypto startup Amun AG reportedly received approval for the fund that would allow investments in major cryptocurrencies including Bitcoin, Ethereum, XRP, Litecoin and Bitcoin cash in the coming days.

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Asian Stocks Fall After Wall Street Losses; Nissan Down 4% on Chairman’s Arrest

November 20, 2018, 02:35

Investing.com - Asian stocks fell in morning trade on Tuesday after U.S. markets closed lower overnight. Nissan’s shares slumped over 4% following reports that its chairman Carlos Ghosn has been placed under arrest over financial misconduct.

Overnight, the Dow Jones Industrial Average fell 395.78 points, while the S&P 500 dropped 1.7%. The Nasdaq Composite slid 3% to close at 7,028.48.

In Asia, technology shares underperformed after the Financial Times reported Chinese regulators found "massive evidence" of antitrust violations by Samsung (KS:005930), SK Hynix Inc (KS:000660) and Micron Technology Inc (NASDAQ:MU), which are the three largest memory-chip manufacturers in the world.

Japan’s Nikkei 225 traded 0.7% lower by 9:40PM ET (02:40 GMT). Automaker Nissan Motor Co., Ltd. (T:7201) plunged 4.2% after announcing in an earlier statement on Monday that “over many years” chairman Carlos Ghosn and board director Greg Kelly had been under-reporting compensation amounts to the Tokyo Stock Exchange securities report.

"Numerous other significant acts of misconduct have been uncovered, such as personal use of company assets," the company said, adding that Ghosn had also made inappropriate investments.

China’s Shanghai Composite and the Shenzhen Component were both down 1.2% as traders awaited the upcoming meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this month. Hong Kong’s Hang Seng Index slid 1.5%.

Last Friday, U.S. President Donald Trump said that he might not impose more tariffs on Chinese imports after Beijing sent a list of measures it was willing to take to resolve trade tensions.

However, reports on Monday said leaders of the Asia-Pacific Economic Cooperation (APEC) failed to agree on a communiqué for the first time in history, as “the two big giants in the room” could not come to an agreement, according to Papua New Guinea Prime Minister Peter O’Neill, who chaired the meeting.

Elsewhere, South Korea’s KOSPI and Australia’s ASX 200 both dropped 0.8%.

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Agilent Technologies Earnings, Revenue beat in Q4

November 19, 2018, 10:48

Investing.com - Agilent Technologies (NYSE:A) reported fourth quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.

The firm reported earnings per share of $0.81 on revenue of $1.29B. Analysts polled by Investing.com forecast EPS of $0.74 on revenue of $1.26B. That compared to EPS of $0.67 on revenue of $1.19B in the same period a year earlier. The company had reported EPS of $0.67 on revenue of $1.2B in the previous quarter.

For the year, Agilent Technologies shares are up 26.28%, outperforming the S&P 500 which is up 0.26% year to date.

Agilent Technologies follows other major Technology sector earnings this month


On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.

Microsoft earnings beat analyst's expectations on October 24, with first quarter EPS of $1.14 on revenue of $29.08B. Investing.com analysts expected EPS of $0.96 on revenue of $27.88B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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Intuit Earnings, Revenue beat in Q1

November 19, 2018, 10:48

Investing.com - Intuit (NASDAQ:INTU) reported first quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.

The firm reported earnings per share of $0.29 on revenue of $1.01B. Analysts polled by Investing.com forecast EPS of $0.11 on revenue of $969.24M. That compared to EPS of $0.11 on revenue of $886.0M in the same period a year earlier. The company had reported EPS of $-0.01 on revenue of $864M in the previous quarter.

For the year, Intuit shares are up 26.28%, outperforming the S&P 500 which is up 0.26% year to date.

Intuit follows other major Technology sector earnings this month


On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.

Microsoft earnings beat analyst's expectations on October 24, with first quarter EPS of $1.14 on revenue of $29.08B. Investing.com analysts expected EPS of $0.96 on revenue of $27.88B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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Ethereum Tumbles 20% In Bearish Trade

November 19, 2018, 09:50

Investing.com - Ethereum was trading at $147.50 by 16:50 (21:50 GMT) on the Investing.com Index on Monday, down 20.31% on the day. It was the largest one-day percentage loss since March 18, 2017.

The move downwards pushed Ethereum's market cap down to $15.36B, or 9.47% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $147.49 to $178.93 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 29.24%. The volume of Ethereum traded in the twenty-four hours to time of writing was $2.58B or 12.96% of the total volume of all cryptocurrencies. It has traded in a range of $147.4917 to $213.8823 in the past 7 days.

At its current price, Ethereum is still down 89.64% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,851.2 on the Investing.com Index, down 16.49% on the day.

XRP was trading at $0.48650 on the Investing.com Index, a loss of 4.14%.

Bitcoin's market cap was last at $85.09B or 52.43% of the total cryptocurrency market cap, while XRP's market cap totaled $19.62B or 12.09% of the total cryptocurrency market value.

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Day Ahead: Top 3 Things to Watch

November 19, 2018, 09:14

Investing.com - Here’s a preview of the top 3 things that could rock markets tomorrow.

1. Lowe's Leads Earnings

The retail sector is in the crosshairs again tomorrow, as a host of companies reports earnings.

Investors will be focusing on Lowe’s (NYSE:LOW), which not only has numbers on retail, but also the housing market, which is the most problematic part of the economy.

On average, analysts predict a profit of 98 cents per share on sales of about $17.4 billion.

The housing sector has been hit hard recently, with KB Home (NYSE:KBH) tumbling last week due to cautious guidance.

Also reporting in the retail sector tomorrow are Kohl’s (NYSE:KSS), TJX (NYSE:TJX) and Best Buy (NYSE:BBY).

2. Housing Starts Expected to Climb

There’s more housing data arriving for investors tomorrow among the economic indicators.

At 8:30 AM ET (13:00 GMT), the government will report numbers on housing starts and building permits.

On average, economists predict that groundbreaking on new homes ticked up to an annual average of 1.225 million.

Building permits, an indicator of future demand, are forecast to tick up to a rate of 1.26 million.

3. Oil Keeps Going Higher

Oil could be volatile tomorrow, even with the holiday-shortened week.

Crude continued to see demand, rising some 0.5% today.

With this week’s Thanksgiving holiday, analysts had thought oil bears might be queasy about building new short positions due to the thinner trading volumes expected from Wednesday as the trade winds down for the break.

“There are signs that the bottom should now be in,” Phil Flynn at Chicago’s Price Futures Group said, citing “bulk demand ahead” in the new year. “Talk of oversupply and slowing demand are overstated in our view, so we are looking for a rebound.”

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Ethereum Dips Below 149.68 Level, Down 19%

November 19, 2018, 09:38

Investing.com - Ethereum fell bellow the $149.68 level on Monday. Ethereum was trading at 149.68 by 16:38 (21:38 GMT) on the Investing.com Index, down 18.55% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed Ethereum's market cap down to $15.50B, or 9.49% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $149.61 to $178.93 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 28.6%. The volume of Ethereum traded in the twenty-four hours to time of writing was $2.57B or 12.96% of the total volume of all cryptocurrencies. It has traded in a range of $149.6139 to $213.8823 in the past 7 days.

At its current price, Ethereum is still down 89.48% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $4,922.1 on the Investing.com Index, down 14.82% on the day.

XRP was trading at $0.49227 on the Investing.com Index, a loss of 2.92%.

Bitcoin's market cap was last at $85.78B or 52.48% of the total cryptocurrency market cap, while XRP's market cap totaled $19.76B or 12.09% of the total cryptocurrency market value.

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Canada stocks lower at close of trade; S&P/TSX Composite down 0.56%

November 19, 2018, 09:25

Investing.com – Canada stocks were lower after the close on Monday, as losses in the Healthcare, IT and Consumer Discretionary sectors led shares lower.

At the close in Toronto, the S&P/TSX Composite declined 0.56%.

The best performers of the session on the S&P/TSX Composite were Bombardier Inc (TO:BBDb), which rose 22.99% or 0.385 points to trade at 2.060 at the close. Meanwhile, Ensign Energy Services Inc (TO:ESI) added 7.16% or 0.38 points to end at 5.69 and Precision Drilling Corporation (TO:PD) was up 6.44% or 0.21 points to 3.47 in late trade.

The worst performers of the session were Shopify Inc (TO:SHOP), which fell 11.30% or 22.470 points to trade at 176.330 at the close. Bausch Health Companies Inc (TO:BHC) declined 7.02% or 2.34 points to end at 30.98 and Canopy Growth Corp (TO:WEED) was down 6.87% or 3.180 points to 43.140.

Falling stocks outnumbered advancing ones on the Toronto Stock Exchange by 770 to 363 and 100 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was up 2.64% to 17.88.

Gold Futures for December delivery was up 0.30% or 3.70 to $1224.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.59% or 0.90 to hit $57.36 a barrel, while the January Brent oil contract rose 0.24% or 0.16 to trade at $66.92 a barrel.

CAD/USD was down 0.22% to 0.7588, while CAD/EUR fell 0.53% to 0.6626.

The US Dollar Index Futures was down 0.25% at 96.09.

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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.56%

November 19, 2018, 09:25

Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Technology, Consumer Services and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 1.56%, while the S&P 500 index lost 1.66%, and the NASDAQ Composite index fell 3.03%.

The best performers of the session on the Dow Jones Industrial Average were Pfizer Inc (NYSE:PFE), which rose 1.54% or 0.67 points to trade at 44.18 at the close. Meanwhile, The Travelers Companies Inc (NYSE:TRV) added 1.36% or 1.75 points to end at 130.52 and Johnson&Johnson (NYSE:JNJ) was up 1.19% or 1.74 points to 147.73 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 4.47% or 15.01 points to trade at 320.94 at the close. Apple Inc (NASDAQ:AAPL) declined 3.96% or 7.67 points to end at 185.86 and Visa Inc (NYSE:V) was down 3.87% or 5.42 points to 134.76.

The top performers on the S&P 500 were Helmerich&Payne Inc (NYSE:HP) which rose 2.83% to 64.36, EQT Corporation (NYSE:EQT) which was up 2.83% to settle at 17.10 and Molson Coors Brewing Co Class B (NYSE:TAP) which gained 2.55% to close at 66.39.

The worst performers were NVIDIA Corporation (NASDAQ:NVDA) which was down 12.00% to 144.70 in late trade, Align Technology Inc (NASDAQ:ALGN) which lost 9.31% to settle at 204.43 and Salesforce.com Inc (NYSE:CRM) which was down 8.71% to 121.01 at the close.

The top performers on the NASDAQ Composite were Cesca Therapeutics Inc (NASDAQ:KOOL) which rose 51.32% to 0.4600, Akers Biosciences Inc (NASDAQ:AKER) which was up 42.28% to settle at 1.750 and Yulong Eco-Materials Ltd (NASDAQ:YECO) which gained 25.69% to close at 6.410.

The worst performers were Arcimoto Inc (NASDAQ:FUV) which was down 21.77% to 2.30 in late trade, Sonoma Pharmaceuticals Inc (NASDAQ:SNOA) which lost 18.47% to settle at 0.901 and Champions Oncology Inc (NASDAQ:CSBR) which was down 17.89% to 10.1900 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2216 to 851 and 90 ended unchanged; on the Nasdaq Stock Exchange, 1971 fell and 679 advanced, while 84 ended unchanged.

Shares in NVIDIA Corporation (NASDAQ:NVDA) fell to 52-week lows; down 12.00% or 19.73 to 144.70. Shares in Align Technology Inc (NASDAQ:ALGN) fell to 52-week lows; down 9.31% or 20.98 to 204.43. Shares in Arcimoto Inc (NASDAQ:FUV) fell to all time lows; down 21.77% or 0.64 to 2.30. Shares in Sonoma Pharmaceuticals Inc (NASDAQ:SNOA) fell to all time lows; losing 18.47% or 0.204 to 0.901.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 10.80% to 20.10.

Gold Futures for December delivery was up 0.30% or 3.70 to $1224.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 1.59% or 0.90 to hit $57.36 a barrel, while the January Brent oil contract rose 0.24% or 0.16 to trade at $66.92 a barrel.

EUR/USD was up 0.33% to 1.1452, while USD/JPY fell 0.23% to 112.56.

The US Dollar Index Futures was down 0.25% at 96.09.

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