This morning the market delivered investors continued optimism, but FedEx delivered disappointing results
Netflix discloses solid international growth numbersThis morning the market seems to be delivering investors continued optimism, but FedEx isn’t participating.
The small gains could also mean the market is getting ready to coast into the new year, as there may not be many new catalysts on the horizon between now and 2020.Remember the good old days before the trade war and Brexit dominated the headlines day in and day out? And in good news for the flagging domestic manufacturing sector, data on Tuesday showed that industrial production rose 1.1% in November, including a 1.1% increase in manufacturing output. The headline number reflected the end of the strike at General Motors and probably cheered some investors who might have been fretting at the contractionary manufacturing data we’ve seen in recent months.In tandem with that economic data, some corporate news also helped stocks close in the green Tuesday.
Boeing started out the day on the back foot after confirming it would suspend production of its 737 MAX, but the jet maker was able to erase those losses to end the day unchanged. Its shares had already been sold off steeply in the prior session after The Wall Street Journal reported the jet maker was considering halting or further cutting production amid uncertainty over the planes’ return to service.
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