Financial Review

The Beatings Continue

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Synopsis

…Stocks down for the day, up for the week. Oil drops for 10th straight session. Producer prices pop. Court blocks Keystone XL. Changes in asylum. Fighting reporters. Waiting on election results. Financial Review by Sinclair Noe for 11-09-2018 DOW – 201 = 25,989 SPX – 25 = 2781 NAS – 123 = 7406 RUT – 28 = 1549 10 Y – .05 = 3.19% OIL – .82 = 59.85 GOLD – 14.10 = 1210.40   The Dow rallied by nearly 3% this week — its best performance since March — while the S&P 500 gained more than 2%. The Nasdaq was up less than 1%.   Producer prices rose more than forecast in October for the biggest jump in six years on broad gains in costs for goods and services. The producer-price index rose 0.6 percent from September and climbed 2.9 percent from a year earlier. Excluding food and energy costs, the core PPI readings were also up more than forecast, rising 2.6 percent from October 2017 and 0.5 percent from the prior month. The PPI report also showed the cost of goods climbed 0.6 percent, the biggest gain since May. Services p