November 18, 2021

November 18, 2021

Stocks were mixed today as investors struggled with seasonal Covid worries and ongoing inflation concerns even as companies continued reporting blowout earnings.

 

Dow Jones finished -60 at 35,870

S&P 500 finished +16 at 4,704

NASDAQ finished +72 at 15,993

 

The 10 Year Treasury closed down 2 basis points yielding 1.58%

Oil prices closed up $0.60 ending at $78.96 a barrel.

Gold prices closed down $8.50 ending at $1,861 an ounce.

 

In the days’ stock news:

 

  • Nvidia closed up more than 8% after the company beat earnings and sales expectations for the third quarter. Nvidia reported adjusted earnings per share of $1.17 and revenue of $7.1 billion.
  • Alibaba closed down almost 11% after missing revenue and earnings expectations for the September quarter, as slowing economic growth in China weighed on results, adding to regulatory headwinds.

 

 

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