Stocks closed higher on Wall Street following the release of the minutes from the Federal Reserve’s most recent policy meeting, which showed Fed officials agreed that smaller rate hikes would likely be appropriate “soon.”
The S&P 500 rose 0.6% Wednesday, the Nasdaq added 1% and the Dow climbed 0.3%.
Deere rose after the equipment maker reported higher earnings than analysts were expecting. Long-term Treasury yields were slightly lower. Oil prices fell, European markets closed mostly higher and Asian markets closed mixed overnight. U.S. markets will be closed Thursday for Thanksgiving and will close early on Friday.
The S&P 500 rose 23.68 points, or 0.6%, to 4,027.26.
The Dow Jones Industrial Average rose 95.96 points, or 0.3%, to 34,194.06.
The Nasdaq rose 110.91 points, or 1%, to 11,285.32.
The Russell 2000 index of smaller companies rose 3.08 points, or 0.2%, to 1,863.52.
For the week:
The S&P 500 is up 61.92 points, or 1.6%.
The Dow is up 448.37 points, or 1.3%.
The Nasdaq is up 139.25 points, or 1.2%.
The Russell 2000 is up 13.79 points, or 0.7%.
For the year:
The S&P 500 is down 738.92 points, or 15.5%.
The Dow is down 2,144.24 points, or 5.9%.
The Nasdaq is down 4,359.65 points, or 27.9%.
The Russell 2000 is down 381.80 points, or 17%.
The housing market is one of the most cyclical sectors for investors to navigate. During bull markets, you can metaphorically put on a blindfold, throw a dart at a listing of stock tickers, and make a profit. And as you know the housing market is one of the first sectors to recover in a bull market.
The opposite is true as well. The housing market is one of the first sectors to signal economic pain is on the horizon. Just in the past 30 years, you can see the correlation between the housing market and the broader market.
But there's always money to be made in the market, if you know where to look. There are several companies that investors can look to during a housing downturn. That's the focus of this special presentation. These companies give investors reasons beyond home building or home buying to own their stock. These may not be robust growth stocks, but during a housing downturn, you'll take a little growth over a loss any day.
View the Stocks Here .