November 23, 2021

November 23, 2021

The Nasdaq fell for the second-straight day as higher interest rates appeared to put pressure on high-flying tech stocks, but banks and industrial names moved higher in a split market today.

 

Dow Jones finished +195 at 35,813

S&P 500 finished +8 at 4,690

NASDAQ finished -80 at 15,775

 

The 10 Year Treasury closed up 6 basis points yielding 1.68%

Oil prices closed up $2.04 ending at $78.79 n  a barrel.

Gold prices closed down $14.40 ending at $1,791 an ounce.

 

In the days’ stock news:

 

  • Best Buy fell more than 12% due to worries over how rising shipping costs could impact the company’s holiday season sales. Those concerns overshadowed better-than-expected quarterly earnings.
  • Zoom Video closed down more than 14% after the company warned investors of a revenue growth slowdown. This caused several Wall Street firms to cut price targets on the stock

Daily Updates

May 17, 2022.

U.S. stocks closed up today as the market bounced back...

May 16, 2022.

U.S. stocks closed lower today with equities resuming a downward...

May 11, 2022.

U.S. stocks dropped sharply today as investors digested a key...

Monthly Updates

Worst Monthly S.

At the end of March, the S&P 500 was down...

Worst Quarter i.

After back-to-back down months to start the year, March began...

Ukraine Tension.

February is the only month of the year that has,...

Stay up to date with our newsletter