Analyst Sees Record Highs for Walmart

Procter & Gamble is keeping the Dow above water

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Midday Market Check
 
 

11/13/2019

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Powell, Impeachment Hearings Keep Stocks at a Standstill

By Karee Venema

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Stocks are sticking close to the flatline at midday, as Wall Street keeps a close eye on Capitol Hill. In addition to congressional testimony from Fed Chair Jerome Powell -- who said in prepared remarks that the "current stance of monetary policy is likely to remain appropriate" -- traders are watching the first day of public impeachment hearings against President Donald Trump. The Dow Jones Industrial Average (DJI) is holding in positive territory at last check thanks to strength from Procter & Gamble (PG), as is the S&P 500 Index (SPX), while the Nasdaq Composite (IXIC) is easing back from Tuesday's record high.

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