Tuesday's Market Recap - Dow And S&P Ended With Gains Today, Nasdaq Ended Lower.
- cashtonsaunders
- Nov 23, 2021
- 2 min read
What is The Premarket Telling Us?
Tuesday November 23 2021 7:41 AM.
US stock futures were mixed to kick off the premarket. Dow futures were up 14 points, Nasdaq futures down 31 points, and S&P futures down 2 points. Asian markets ended their day mixed.
On The Bond Desk:
The US 10 Year Bond Yield at 1.625% up 0.089%
Currency Desk:
Eurodollar: 1.12
UK Pound: 1.33
Crude Oil:
WTI crude oil futures at $76.51/barrel, down 0.31%.
On the Earnings Calendar:
None to report
In M&A News:
None to report
What About The Asian And European Markets?
Major Asian markets closed mixed. Japan (Nikkei 225) up 0.09%, Shanghai up 0.20%, Hong Kong (Hang Seng) down 1.20%.
Major European markets ended mixed. German (DAX) down 1.11%, France CAC 40 down 0.85%, London FTSE 100 up 0.15%.
Market And Sector Dynamics
Stocks opened mixed on Tuesday as investors continued yesterday's selloff. The Dow gained 15 points, and the Nasdaq down 5 points and S&P down 3 points. WTI crude oil opened up 1.75%, at $78.55/barrel, and the US 10 Year was up 1.648%.
A volatile session that saw the Dow trading in and out of positive territory a few times throughout the session.
Eight of eleven S&P sectors ended today's session with gains, led by Energy, Financials, Real Estate, Consumer Staples, Industrials, Utilities, Healthcare. Consumer Discretionary, Communication Services, and Technology ended the session lower.
Factors Influencing Today's Market
The Biden Administration will tap US oil reserves along with China, Japan, India, S Korea, and the UK to help stem rising fuel prices.
November Flash Purchasing Managers Index (PMI) were mixed, with Manufacturing PMI rose 59.1 vs 58.6 expected. Service PMI rose less than expected at $57.0 vs 59.0 expected.
US 10 Year Bond Yield closed at 1.665%, up 2.02%.
WTI crude oil closed at $78.25/barrel, up 1.95%.
Asian and European markets ended mixed in their sessions.
Market Close Volume Traded And Advance Decline Ratio
US stocks finished mixed today. The Dow gained 194.55 points, Nasdaq fell 79.62 points, and the S&P gained 7.76 points. Total NYSE volume traded, a light 4.32 billion shares. Declining shares outpaced Advancing shares by 1.14:1.
Data Sources: Bloomberg, CNBC, CNN Money, Google Finance, Market Watch, TD Ameritrade, Yahoo Finance.
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