Stock market news today November 13

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There’s mounting evidence that the stock market will make
an extreme move higher before the year ends — here’s where to
invest now

It may not look likely right now, but the stock market is poised
for a big rally into the end of the year,
according to Bank of America Merrill Lynch.

In fact, the firm’s strategists hold this conviction precisely
because of the turmoil that has rocked stocks over the past
several weeks. Investors hold painful memories of October because
three of the most painful crashes ever — in 1929, 1987, and 2008
— happened then. And last month turned out to be the worst for
stocks in seven years.

“October is known for sharp market declines, but also known for
creating market lows that lift stocks into a year-end rally,”
Mary Ann Bartels, an investment and exchange-traded-fund
strategist, said in a note. “We believe that the holiday rally is
underway.”

Amazon officially announces its HQ2 will be split between
New York and Virginia

Amazon has
finally, officially made
a decision.

The company on Tuesday announced it would split its
second-headquarters project, which it calls HQ2, in two. The two
locations — the Long Island City neighborhood of Queens, New
York, and the newly formed National Landing area of Arlington,
Virginia — will each get roughly half of the 50,000 employees
promised and half of the promised investment, the company said.

“We are excited to build new headquarters in New York City and
Northern Virginia,” Amazon CEO Jeff Bezos said in a statement.
“These two locations will allow us to attract world-class talent
that will help us to continue inventing for customers for years
to come. The team did a great job selecting these sites, and we
look forward to becoming an even bigger part of these
communities.”

UK, EU negotiators have agreed to a Brexit deal

UK and EU negotiating teams
have agreed on a Brexit withdrawal deal which Prime Minister
Theresa May will present to her Cabinet on Wednesday.

The UK government has confirmed reports that May’s most senior
ministers will read the details of the draft agreement this
evening before a special Cabinet meeting at 14:00 (GMT) on
Wednesday.

An agreement between the UK and EU over how to prevent a hard
border on the island of Ireland as a result of Brexit was reached
during intensive negotiations held on Monday and Tuesday, sources
told BI.

Brexit talks had been at an impasse for weeks over the question
of how a hard border between Northern Ireland and the Republic
can be avoided no matter what the outcome of negotiations.

In markets news