Stock Indices Recap – 11/20/2017Posted 11/20/2017 3:33PM CT |
December S&P finished up 5.8 at 2582.1, 0.7 off the high and 14.2 up from the low. December S&P E-Mini closed up 5.75 at 2582. This was 14.25 up from the low and 2 off the high.
The stock market rebounded in the wake of positive leading indicator results from the US, but perhaps from a glimmer of hope of some forward movement in tax reform. Apparently offers and counter offers on capital gains elicited hope that something might get done and passed. Seeing state approval for the Keystone XL pipeline might be seen as a sign of a return to a pro-business environment.