Rotten Tomato Stocks
No Result
View All Result
  • News
    US Stocks Slip, on Track for 4th Monthly Loss This Year

    US Stocks Slip, on Track for 4th Monthly Loss This Year

    US Consumer Confidence Slumps to Lowest Level in 16 Months

    US Consumer Confidence Slumps to Lowest Level in 16 Months

    U.S. stock indexes book biggest daily drop in over a week despite strong economic data

    U.S. stock indexes book biggest daily drop in over a week despite strong economic data

    Panera Bread Product Recalled

    Panera Bread Product Recalled

  • NYSE
    Thor Industries Shares Decline 2.7% After Expectations of Muted Short-Term Demand

    Thor Industries Shares Decline 2.7% After Expectations of Muted Short-Term Demand

    Hanesbrands Inc. stock falls Wednesday, underperforms market

    Hanesbrands Inc. stock falls Wednesday, underperforms market

    Digital Realty Trust (NYSE:DLR) Shares Down 7.3% on Insider Selling

    Digital Realty Trust (NYSE:DLR) Shares Down 7.3% on Insider Selling

    NIO shares extend losses as Chinese EV maker denies short-seller report

    NIO shares extend losses as Chinese EV maker denies short-seller report

  • NASDAQ
    Duck Creek Tech Shares Decline 12% on Wider 3Q Loss, Lower FY22 Rev View

    Duck Creek Tech Shares Decline 12% on Wider 3Q Loss, Lower FY22 Rev View

    Plug Power Inc. stock falls Wednesday, underperforms market

    Plug Power Inc. stock falls Wednesday, underperforms market

    Nova (NASDAQ:NVMI) Hits New 52-Week Low on Analyst Downgrade

    Nova (NASDAQ:NVMI) Hits New 52-Week Low on Analyst Downgrade

    Tesla stock lower ahead of second-quarter sales

    Tesla stock lower ahead of second-quarter sales

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    US Stocks Slip, on Track for 4th Monthly Loss This Year

    US Stocks Slip, on Track for 4th Monthly Loss This Year

    US Consumer Confidence Slumps to Lowest Level in 16 Months

    US Consumer Confidence Slumps to Lowest Level in 16 Months

    U.S. stock indexes book biggest daily drop in over a week despite strong economic data

    U.S. stock indexes book biggest daily drop in over a week despite strong economic data

    Panera Bread Product Recalled

    Panera Bread Product Recalled

  • NYSE
    Thor Industries Shares Decline 2.7% After Expectations of Muted Short-Term Demand

    Thor Industries Shares Decline 2.7% After Expectations of Muted Short-Term Demand

    Hanesbrands Inc. stock falls Wednesday, underperforms market

    Hanesbrands Inc. stock falls Wednesday, underperforms market

    Digital Realty Trust (NYSE:DLR) Shares Down 7.3% on Insider Selling

    Digital Realty Trust (NYSE:DLR) Shares Down 7.3% on Insider Selling

    NIO shares extend losses as Chinese EV maker denies short-seller report

    NIO shares extend losses as Chinese EV maker denies short-seller report

  • NASDAQ
    Duck Creek Tech Shares Decline 12% on Wider 3Q Loss, Lower FY22 Rev View

    Duck Creek Tech Shares Decline 12% on Wider 3Q Loss, Lower FY22 Rev View

    Plug Power Inc. stock falls Wednesday, underperforms market

    Plug Power Inc. stock falls Wednesday, underperforms market

    Nova (NASDAQ:NVMI) Hits New 52-Week Low on Analyst Downgrade

    Nova (NASDAQ:NVMI) Hits New 52-Week Low on Analyst Downgrade

    Tesla stock lower ahead of second-quarter sales

    Tesla stock lower ahead of second-quarter sales

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

No Result
View All Result
Rotten Tomato Stocks
No Result
View All Result

Dow ends 200 points lower, but large-cap tech stocks outperform as yields recede

Editorial Staff by Editorial Staff
November 19, 2021
0
Dow ends 200 points lower, but large-cap tech stocks outperform as yields recede

U.S. stocks finished lower Wednesday, but remain within striking distance of record closing highs, aided by gains in large-cap information technology shares, including Tesla Inc. TSLA and Apple Inc. AAPL, which were finding bids.

Nagging concerns about inflation and the economic recovery from COVID-19 have held markets in check, but a lack of alternatives and hope that consumers can continue to serve as a pillar of the economic rebound are supporting gains and a fitful rotation into sectors of the market.

How did stock indexes perform?

  • The Dow Jones Industrial Average DJIA finished 211.17 points, or 0.6%, lower at 35,931.05.
  • The S&P 500 SPX ended at 4,688.67, down 12.23 points, or 0.3%.
  • The Nasdaq Composite Index COMP closed 0.3%, or 52.28 points lower, at 15,921.57.

On Tuesday, the Dow rose 54 points, or 0.2%, to close at 36,142. The S&P 500 rose 18 points, or 0.4%, to 4,700 and the Nasdaq Composite jumped 120.01 points, or 0.8%, to end at 15,973.

What drove markets?

A slight retreat in Treasury yields on Wednesday helped to cap declines for the broader market and lift large-cap technology stocks.

Investors, however, were struggling to justify pushing equities to new heights after the Nasdaq Composite and S&P 500 ended Tuesday’s session within a stone’s throw of all-time highs and the Dow industrials hovered 1% from its closing record.

“To get the market moving higher, you probably want to see some signs of inflation moderating,” said Giorgio Caputo, head of multi-asset value at JO Hambro Capital Management, in a phone interview Wednesday. “I don’t know that we will get those in the next few months,” he said. “We might. But mostly likely it will take a little longer.”

The S&P 500’s energy sector closed down 1.7% Wednesday, weighing on the index, after President Joe Biden asked Federal Trade Commission Chair Lina Khan to immediately “consider whether illegal conduct is costing families at the pump,” in a letter. Biden also said there’s “mounting evidence of anti-consumer behavior by oil and gas companies.”

U.S. crude prices retreated to below $80 a barrel, pressured by Biden’s efforts to ease prices at the pump, including reports that the U.S. and Chinese leader Xi Jinping discussed a joint release of crude supplies, in a virtual meeting.

Still, market participants were focused on the spending power of U.S. consumer heading into the holidays, following Tuesday’s better-than-expected October retail sales data and a batch of third-quarter corporate earnings. Data showed retail sales jumped 1.7%, beyond forecasts for a 1.5% rise and the biggest gain since March when households received billions in federal stimulus money.

Shares of Walmart rival Target TGT fell Wednesday, even as the retailer beat quarterly earnings forecasts and lifted its forecasts, but warned about rising costs hurting margins.

Shares of Lowe’s LOW rose 0.4% Wednesday, after the home improvement retailer reported fiscal third-quarter profit and revenue that beat expectations, a surprise increase in same-store sales, and raised its full-year outlook.

Visa V fell sharply after Amazon AMZN said it would stop accepting payments made by its credit cards issued in the U.K. starting next year due to high commissions.

“While investors are not reversing course from the stock market, rotation in our opinion is to blame for the uneven market performances,” said Peter Cardillo, chief market economist at Spartan Capital, in a note to clients.

Meanwhile, enthusiasm for buying stocks might abate somewhat, as investors position for thinning trading volumes in the last full week of trading before Thanksgiving holidays.

Elsewhere, New York Fed President John Williams warned Wednesday the Treasury market needs to bolstered to prepare for the next big shock, given the “severe disruptions to critical markets” and up to $1 trillion in overnight repo operations it began offering to calm markets early on in the pandemic, in a virtual conference on the Treasury market.

Fed. Gov. Christopher Waller said with the right regulations stablecoins could be competitors in the payments system, during a virtual conference.

Which companies were in focus?

  •  Tesla TSLA climbed 3.3% after last week’s slide, when CEO Elon Musk began to sell some stock.
  • Rivian Automotive Inc. RIVN stock fell 15.1%, its first stumble since it took Wall Street by storm last week with its initial public offering.
  • Boeing Co.  BA  shares finished 0.4% higher after receiving the equivalent of a “buy,” from Wells Fargo, which sees “a positive risk/reward balance with the stock lagging the S&P 500 by (about) 30% since its March high.” 
  • Shares of Roku Inc. ROKU tumbled 11.3% Wednesday after an analyst downgraded the stock and suggested that investors have misinterpreted the company’s story as of late.
  • Moderna Inc. MRNA, +4.02% said Wednesday it has applied for authorization of its COVID-19 vaccine in Canada for children aged 6 to 11.
  • Biogen Inc. shares BIIB fell 1.2% Wednesday, after the company said it had received a “negative trend vote” from an advisory committee to the European Medicines Agency for its Alzheimer’s disease treatment aducanumab.
  • Visa Inc.’s stock V dove 4.7% after Amazon.com Inc. AMZN said it would stop accepting Visa credit cards issued in the U.K. next year.
  • Pfizer Inc. PFE shares rose 2.6% Wednesday after it said it’s launching a search for a new chief financial officer because its current CFO Frank D’Amelio will retire.
  • Alcoa Corp. AA shares fell 0.6% Wednesday after it announced that it bought group annuity contracts that will help transfer $1 billion in pension obligations for defined-benefit pension plans for certain retirees and beneficiaries in the U.S.

How did other assets trade?

  • The yield on the 10-year Treasury note  BX:TMUBMUSD10Y was 2.8 basis points lower around 1.604%. Yields and debt prices move in opposite directions.
  • Gold futures rose, posting the highest finish since June, with the December contract GCZ21 up 0.9% to settle at $1,870.20 an ounce. U.S. oil futures CLZ21 tumbled 3%, settling at $78.36 a barrel on the New York Mercantile Exchange.
  • The ICE U.S. Dollar Index DXY,  a measure of the currency against a basket of six major rivals, was off 0.1%.
  • The Stoxx Europe 600  XX:SXXP closed up 0.1%, while London’s FTSE 100  UK:UKX declined 0.5%.
  • The Shanghai Composite  CN:SHCOMP rose 0.4%, while the Hang Seng Index HK:HSI fell 0.2% and Japan’s Nikkei 225 JP:NIK fell 0.4%

Related Posts

US Stocks Slip, on Track for 4th Monthly Loss This Year
News

US Stocks Slip, on Track for 4th Monthly Loss This Year

June 29, 2022
US Consumer Confidence Slumps to Lowest Level in 16 Months
News

US Consumer Confidence Slumps to Lowest Level in 16 Months

June 29, 2022
U.S. stock indexes book biggest daily drop in over a week despite strong economic data
News

U.S. stock indexes book biggest daily drop in over a week despite strong economic data

June 27, 2022
Panera Bread Product Recalled
News

Panera Bread Product Recalled

June 27, 2022
Load More
Next Post
Analog Devices (NASDAQ:ADI) Seems To Use Debt Rather Sparingly

Analog Devices (NASDAQ:ADI) Seems To Use Debt Rather Sparingly

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
10 Warning Signs That Should Tell You “This Stock is in Trouble”

10 Warning Signs That Should Tell You “This Stock is in Trouble”

November 11, 2019
Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

September 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
Bitcoin Is Falling: Should You Buy the Dip?

Bitcoin Is Falling: Should You Buy the Dip?

May 3, 2021

EDITOR'S PICK

Intel (NASDAQ:INTC) Seems To Use Debt Quite Sensibly

Intel (NASDAQ:INTC) Seems To Use Debt Quite Sensibly

May 29, 2021
Mondelez International Inc. Cl A stock falls Friday, underperforms market

Mondelez International Inc. Cl A stock falls Friday, underperforms market

February 4, 2022
Is TJX Companies (NYSE:TJX) Using Too Much Debt?

Is TJX Companies (NYSE:TJX) Using Too Much Debt?

September 5, 2021
Is U.S. Physical Therapy (NYSE:USPH) Using Too Much Debt?

Is U.S. Physical Therapy (NYSE:USPH) Using Too Much Debt?

June 22, 2021

Stay Updated

Get breaking news delivered straight into your inbox

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Rotten Tomato stocks is a wholly-owned subsidiary of Grainne Capital Limited.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Rotten Tomato Stocks cover the companies and markets that are declining, failing or headed for disaster. We help investors spot the down tends and recognize when something smells rotten.

RECENT POSTS

US Stocks Slip, on Track for 4th Monthly Loss This Year

Thor Industries Shares Decline 2.7% After Expectations of Muted Short-Term Demand

Hanesbrands Inc. stock falls Wednesday, underperforms market

POPULAR POSTS

Digital Realty Trust (NYSE:DLR) Shares Down 7.3% on Insider Selling

Duck Creek Tech Shares Decline 12% on Wider 3Q Loss, Lower FY22 Rev View

Plug Power Inc. stock falls Wednesday, underperforms market

© Copyright 2021 RottenTomatoStocks. All Rights Reserved 

Disclaimer | Privacy Policy

No Result
View All Result
  • HOME
  • NEWS
  • NYSE
  • NASDAQ
  • OTC
  • TSX

© 2021 RottenTomatoStocks.com

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.