Stocks were mixed on Tuesday, but held near record highs even as President Trump threatened more tariffs.
 | TUE, NOV 19, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | MSFT | 150.39 | +0.05 | +0.03% | | CSCO | 45.47 | +0.32 | +0.71% | | PFE | 37.65 | +0.43 | +1.16% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AMD | 41.29 | +1.41 | +3.54% | | T | 38.01 | -1.62 | -4.10% | | M | 15.04 | -1.84 | -10.90% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 41.29 | +1.41 | +3.54% | | CELG | 108.13 | -1.19 | -1.09% | | MSFT | 150.39 | +0.05 | +0.03% | |
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Another threat from President Donald Trump to increase tariffs on China and the market barely moved. Stocks held near their record highs on Tuesday, even as Trump said this in a Cabinet meeting: "If we don't make a deal with China, I'll just raise the tariffs even higher." CNBC's Fred Imbert enumerates why the market's latest all-time highs appear bulletproof, even amid negative trade headlines that just a few weeks ago would have rattled nerves. It comes down to this: nobody's selling. It's been a good year and institutional investors have every reason to hold their winners. Stocks have been up more times than down since Oct. 11 and the gains have been bigger than the losses, advancing the indexes to new highs, step by meager step.  CNBC's Yun Li writes that the smart money is betting on a resolution to the trade war.
She cites Goldman Sachs research showing that hedge funds increased their allocations to companies with big revenue exposure to China during the third quarter.
Clearly, trade war rhetoric has lost its punch. The bets are on. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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