Stock Market Today (11/12/21): Nasdaq Outperforms as Mega-Cap Tech Stocks Soar – Kiplinger’s Personal Finance

Shares accomplished a uneven week on a constructive notice However it wasn’t enough To tug The primary market indexes into the inexperienced on a weekly basis.

In focus right now was the College of Michigan’s shopper sentiment index, which fell to 66.8 in November from 71.7 in October – its lowest diploma in a decade and properly under the 72.5 anticipated by economists.

Additionally on the financial entrance, The latest Job Openings and Labor Turnover Survey (JOLTS) conagencyed the Quantity of job openings eased barely in September (to 10.4 million from August’s 10.6 million), although the Quantity of quits hit a doc extreme of 4.4 million.

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On the shut, the Nasdaq Composite was up 1.0% at 15,860 as Meta Platforms (FB, +4.0%) led a rally in mega-cap tech inventorys.

The S&P 500 Index gained 0.7% to 4,682 and the Dow Jones Industrial Common rose 0.5% to 36,100 on power in Johnson & Johnson (JNJ, +1.2%). The healthcare huge gained on information It is going to Chop up into two publicly traded corporations, Which You will be In a place to study extra about right here.

Nonetheless, all three benchmarks notched their first down week since Oct. 1.

Other information Inside the inventory market right now:

  • The small-cap Russell 2000 rose 0.1% to 2,411.
  • U.S. crude futures shed 1% to settle at $80.79 per barrel.
  • Gold futures edged up 0.3% To finish at $1,868.50 An oz.
  • The CBOE Volatility Index (VIX) plunged 7.8% to 16.29.
  • Bitcoin slipped 1% to $64,192.14. (Bitcoin trades 24 hours a day; prices reported Listed right here are as of 4 p.m. every buying and promoting day.)
  • A day after rocketing greater on the sale of its Ohio plant, Lordstown Motors (Journey, -17.6%) pulled a 180 after its third-quarter earnings report. Outcomes Did not repel buyers – The agency’s 54-cent-per-share loss was truly greater than the 62-cent deficit Wall Road anticipated. The bears have been Instead focused on The electrical car maker’s announcement that the launch of its first car – the Endurance pickup truck – was being pushed again to the second half of 2022.
  • Kura Sushi USA (KRUS, +30.2%) exploded to new all-time extremes after the conveyor-belt sushi chain reported a smaller working loss And greater revenues for its fiscal 4th quarter. The agency’s 32 places had returned to full indoor eating as of Aug. 31, serving to to spur revenues by Higher than 400% yr-over-yr to $27.9 million. In the meantime, its working loss narrowed to $762,000 from $6.8 million Inside the yr-in the past interval. KRUS …….


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