All the major indices finished in record territory again on Wednesday!

Monday closing numbers for major indices:
Dow 30: 28,164.00 +42.32 (+0.15%)
Nasdaq: 8,705.17 +57.24 (+0.66%)
S&P 500: 3,153.63 +13.11 (+0.42%)

Commodity prices:
Oil: 57.83
Gold: 1,464.00
Silver: 16.93

Notes and Bonds:
10 year Note: 1.767% +0.027
30 Year Bond: 2.189% +0.011

Currencies:
USD Index: 98.33 +0.08 (+0.08%)

US GDP Rose 2.1% in 3rd Quarter vs. 1.9% Expected
US durable goods orders rise 0.6% in October, vs expected drop of 0.8%

“Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new equipment,” Deere CEO John May said.

For fiscal year 2020, Deere said it sees agricultural equipment sales falling between 5% and 10%.

Construction equipment sales are expected to decline as much as 15% next year, the company said.

Deere said it now expects net income of $2.7 billion to $3.1 billion in fiscal 2020, lower than average analyst estimates of $3.5 billion for the year, according to Refinitiv.

DE shares closed at $169.09, down $7.59 (-4.30%)

The FAA issued a new statement, saying, “The FAA has not completed its review of the 737 Max aircraft design changes and associated pilot training. The agency will not approve the aircraft for return to service until it has completed numerous rounds of rigorous testing.”

Boeing has continually claimed that they hope to have the 737 Max approved by the end of 2019, yet it seems like this timeline is overly optimistic.

BA shares closed at $368.00 down, $5.51 or -1.48%

Dell cut its fiscal 2020 revenue forecast to between $91.5 billion and $92.2 billion from between $92.7 billion and $94.2 billion.

Dell reported total revenue of $22.84 billion for the latest quarter, narrowly missing estimates of $23.04 billion, according to IBES data from Refinitiv.

“Intel CPU shortages have worsened qtr-over-qtr, impacting our commercial PC and premium consumer PC Q4 forecasted shipments,” Chief Operating Officer Jeffrey Clarke said on a post-earnings call with analysts.

DELL shares closed down 5.40%.

Have a happy and safe Thanksgiving! Markets are open for a half day on Friday but we are closed for the holiday.

See you Monday morning for live programming on TigerTV at 9am EST at TFNN.com!

Catch up on all of Wednesday's shows by visiting our TFNN YouTube page and don't forget to subscribe!

Tommy O'Brien
TFNN