US close, nos etc..19 Nov 2021 05:04
There's no stopping US equities as the 500 & Nsdq scale new highs while the Dow slipped for the 3rd session.
Inflation remains front and centre, if not back in investor minds. The Fed President said inflation is becoming more broad-based as prices cont to rise. Stocks dipped on the news but recovered as techs led the way back up.
Stocks on the move included the chip maker Nvidia adding $27 to $320 on busting Q3 earnings and forecasting strong Q4 revenues. The two big stores were on buy lists after posting earnings beats, Macys surged 21% to $38 on spin off news and better earnings guidance. Khols beefed up 9%, stock rose to $61 belying the US consumer is reigning in spending.
Going south Cisco weighed on the Dow falling 6% to $54 as chip shortages and supply chain hold ups impacted nos. Cisco tumbled to the bottom of the big board, Apple to the top for the 2nd day. Volume was an average 11•4bn traded with 42 new S&P highs and 9 lows.
DJ -60 (35,871)
SP +15 (4705) R
NS +175 (16,483) R
R2 -5 (1439)
WTI $79•56
10ytb 1•599%
Latest:- Oil $81•79. Vix 17•59.
Gold $1865. Copper $4•372.
Palm $1360. Silver 24•985.
Bitcoin $56,137. $1•348.
€1•188. Yen 114•333. Yuan 6•384. FF+30. DF +110.
Morning all.