Morning report 28 November 2019 - Wall St moves further into record territory

US sharemarkets hit fresh record highs on Wednesday as stronger-than-forecast economic data pointed to a resilient economy ahead of the Thanksgiving Day holiday on Thursday. Under Armour shares rose by 5.2% as broker Raymond James upgraded the sportswear maker to "strong buy". Shares of Apple (+1.0%), Facebook (+1.7%) and Home Depot (+1.0%) also led gains. But Deere shares dropped 4.3% as the farm equipment maker warned of lower earnings in 2020. Around an hour before the close of trade, the Dow Jones index was up by around 50 points or 0.2%. The S&P500 index was up by near 0.4% and the Nasdaq index lifted by around 50 points or 0.6%.

 

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