Dow Jones Industrial Average Jumps 260 as European Union Agrees to Brexit Terms

Original post

The Dow Jones Industrial Average projected a 265-point rally on Monday (+1.09%) as markets took stock of a significant breakthrough in European Brexit negotiations. Over the weekend, the European Union approved a deal that would allow the United Kingdom to leave the world’s largest trading bloc and avoid a massive disruptions to intracontinental trade.

Despite the development, Prime Minister Theresa May is expected to face stiff resistance from the British parliament, which must now vote on the deal.

This week, Investors are looking for the Dow to snap back from its worst Thanksgiving week since 2011. Oil prices were rebounding from a huge Black Friday plunge that saw prices slide as much as 8% and into Bear market territory. FANG stocks are expected to continue to determine market direction.

Follow topic

Morning Market Alert

Get an exclusive look at what’s going on in the markets at the start of each day.

Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones




S&P 500








Now, here’s a closer look at today’s Money Morning insight, the most important market events and stocks to watch.

Money Morning Insight of the Day: This Company Just Checked All of Our “Profit Potential” Boxes

This tiny $10 company is at the center of the tech revolution. It’s holding the keys to a product that could soon be used around the globe, and it just recently inked four major deals with HUGE players in its field.

That means early investors could start reaping huge fortunes – not years from now – but in the months, weeks, or even days ahead. Check out our find here…

The Top Stock Market Stories for Monday

  • All eyes are the G-20 summit in Argentina. While representatives from the world’s largest 20 economies gather to discuss trade, climate change, and policy matters, the focus will center on the meeting between Chinese President Xi Jinping and U.S. President Donald Trump. Investors are hoping that the two leaders can set up a dialogue that will accelerate the conclusion of a brutal trade war that has weighed on both nations’ economies and stock markets.
  • Online retail will kick off Cyber Monday, the largest ecommerce event of the year in the United States. Black Friday pulled in a whopping $6.22 billion in online sales alone, according to Adobe Analytics. However, Cyber Monday alone should to see an 18% year-over-year jump in sales to $7.8 billion. Look for updates during the day on Cyber Monday progress on companies like (Nasdaq: AMZN) and Wal-Mart Stores (NYSE: WMT). AMZN stock added 2.5% in premarket hours.

Stocks to Watch Today: GM, JD, FB

  • General Motors (NYSE: GM) is getting a face lift, but news of the overhaul will remain under bandages until Tuesday. According to one of the company’s unions in Canada, GM plans to make “a major announcement tomorrow that will impact its global operations.” According to reports, the firm will shut down its Ontario plant in Oshawa as part of the announcement. GM has been shifting its operations toward more eco-friendly vehicles and self-driving technologies to compete with new firms like Tesla (Nasdaq: TSLA).

  • (Nasdaq: JD) leads today’s slate of earnings reports. Shares of the Chinese e-commerce giant fell nearly 4% after the firm announced it fell short of quarterly revenue expectation. JD shares have taken a beating in 2018. Shares have slumped a whopping 53% thanks to a slowdown in economic activity and slumps in consumer purchases across the country.
  • Facebook Inc. (Nasdaq: FB) is back under the government microscope again. This time, lawmakers in Britain are threatening to release a cache of private emails from CEO Mark Zuckerberg and other documents that may answer a question many people have asked: How did Facebook’s private policy enable political intelligence firm Cambridge Analytica to gain access to the private information of 87 Million users. The release of Zuckerberg’s emails could be problematic to the company. U.S. regulators refused to release these documents publicly in recent months.
  • Look for earnings reports today from Buckle Inc. (NYSE: BKE), Agilent (NYSE: A), Intuit (Nasdaq: INTU), Jack in the Box (Nasdaq: JACK), and Urban Outfitters (Nasdaq: URBN)

Follow Money Morning on Facebook, Twitter, and LinkedIn.

Join the conversation. Click here to jump to comments…

This post is from Money Morning. We encourage our readers to continue reading the full article from the original source here.