Heritage Market Pulse | Friday November 19th, 2021

Heritage Financial Advisory

Welcome to the Heritage Market Pulse for Friday November 19th! The S&P 500 and Nasdaq edged higher to close, but the Dow took a hit and closed just under for the day. Investors are still digesting the combination of strong earnings, rising prices, labor shortages, inflation, and the future of the post-Covid economy. US jobless claims are edging down, with 268K last week vs. 269K a week earlier. Claims are still at the lowest level since the beginning of the pandemic. More than 90% of S&P 500 companies have reported Q3 results, with 80%+ beating analyst expectations. Investors will keep an eye on Biden's Fed Chair pick, which is expected to unveil by the weekend.