News Highlights: Top Global Markets News of the Day

Stocks Slip After Dow, S&P Hit Records

The Dow Jones Industrial Average pared morning losses a day after the blue-chip index closed just shy of its 30000- point milestone on optimism about new Covid-19 vaccines.

Retail Sales Climbed at a Slower Pace in October

Retail sales rose 0.3% in October as consumers increased their purchases modestly in the early weeks of the holiday season.

What Tesla's Addition to the S&P 500 Means for Investors

The electric-vehicle maker's shares soared following news that it is joining the index, increasing the volatile company's sway over financial markets.

U.S. Industrial Production Rose 1.1% in October

Output continued its slow climb back from deep declines last spring due to pandemic-related shutdowns. It remains 5.6% below where it was in February.

SEC Looks to Tighten Up on Chinese Firms

Chinese companies with shares traded in America would be required to use auditors overseen by U.S. regulators or face being kicked off exchanges under a plan being drafted by regulators.

Possible Biden Appointee to Retire as CEO of TIAA Finance Firm

Roger Ferguson, TIAA's long-serving chief executive and one of Wall Street's most-prominent Black executives, has emerged as a top contender for a cabinet role in the Biden administration.

U.S. Hospitalizations Again Reach a Record, as Cases Rise

The country reported more than 166,000 new cases for Monday, according to data compiled by Johns Hopkins University, up from more than 133,000 a day earlier.

There Is No Vaccine Against These Investing Mistakes

A harsh lesson for investors: A Covid-19 vaccine is better for the rest of the world than it is for the maker of the vaccine.

Blackstone Flexes Its Muscles in Hollywood

A Blackstone Group partnership plans to develop a new office tower near the Burbank and Warner Bros. studios in California, where TV programs such as "The Ellen DeGeneres Show" and "Days of Our Lives" are filmed.

U.K.'s Experiment With Climate Reporting Is Worth Watching

The country is making its big corporate and financial sectors think more rigorously about climate change. There could be write-downs, but also reassurance for investors that problems aren't building up out of sight.

  (END) Dow Jones Newswires
  11-17-20 1315ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

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