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Nov 20 2015

Wall St points to gains after ECB comments

Market Recap 11/19/15:
 
U.S. stocks dipped on Thursday, as a weak outlook from Dow component UnitedHealth Group (UNH) weighed on health care names. While losses were limited by strength in technology shares, spurred after Intel (INTC) lifted its dividend, investors were also cautious as they bet that the Federal Reserve would raise interest rates in December. A drop in weekly jobless claims added to the sense that the economy was strong enough to warrant such a move by the central bank. In a positive sign for the market, both Square (SQ) and Match Group (MTCH) rallied in their first day of trading.
 
Looking ahead:
U.S. stock index futures rose on Friday after European Central Bank President Mario Draghi said the ECB would step in promptly if it felt its stimulative measures were failing to lift the euro zone economy. With the Federal Reserve looking set to end its accommodative stance on interest rates, investors will look for signs of support from other central banks around the work. In company news, Nike (NKE) will be in focus a day after the company raised its dividend and announced a two-for-one stock split. On the downside, Gap (GPS) fell on disappointing corporate results. Make sure you don’t miss our president, Oliver Pursche, who will be appearing on CNBC this afternoon. Also, catch this week’s Money Matters with Gary Goldberg, where the guest will be Lisa Bissell, chief executive of Gemesis Inc, a retailer of lab-grown diamonds. The show will air Sunday at 11 on WOR710. Visit our website www.ggfs.com for more details.