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Stocks sink on fears of COVID-19 variant; S&P drops 1.4%

02:55pm, Friday, 26'th Nov 2021 Star Tribune
Stocks are opening sharply lower on Wall Street Friday after South Africa found a fast-spreading coronavirus variant and the European Union proposed suspending air travel from southern Africa. The S&P 500 is down 1.4% in early trading, heading for its worst fall since late September and solidly lower for the week. The Dow Jones Industrial Average fell more than 800 points, and the Nasdaq composite is also dropping at the open. Travel and energy stocks are among the biggest losers, with Royal Caribbean, Carnival and Norwegian Cruises all off about 10%. The New York Stock exchange closes early at 1 p.m. Eastern.
The S&P 500 opened lower by 36.83 points, or 0.78%, at 4,664.63, while the Nasdaq Composite dropped 180.85 points, or 1.14%, to 15,664.38 at the opening bell.
Happy Thanksgiving, Now Here''s Two Reasons Why The Market Could Collapse In December Submitted by QTR''s Fringe Finance Most traders have a tendency to pay little attention to the market, put themselves on autopilot and hope for the best heading from Thanksgiving into the end of the year. This year, Im getting a feeling that this strategy might not work well for what could be looming in December. The short-lived rally yesterday on news of Jerome Powell being re-nominated as Fed Chair was a nice reminder that the market doesnt like surprises, changes, or volatility of any kind. After all, the market rallied on the selection of the hawkish choice, between Powell and Lael Brainerd. While Brainerd was widely seen as the more dovish of the two potential Fed chairs, the market still celebrated the fact that there would be no change at the position by rallying early in the session, as soon as the news broke, yesterday. Then, reality kicked in and the market swung sharply lower during mid-day session, before doing the same at the cash close.
U.S. stocks remained level today fueled by a 0.3% decline in small cap stocks and a no change in consumer discretionary stocks. The S&P 500 Index is currently up 26.4% year-to-date, and up 32.8% over the past 12 months. The Dow Jones Industrial Average is currently up 18.8% year-to-date, and up 23.1% over the past 12 months. Elsewhere, commodities fell 0.4% with gold falling 0.1%, crude oil falling 0.6% and copper rising 1.2%. The yield on 10-year Treasuries is 1.63%, while the dollar strengthened by 0.4% against a basket of other currencies. Meanwhile, investment grade corporate bonds rose by 0.5%, and high yield bonds fell by 0.0%. Stocks The S&P 500 Index stayed level. The Dow Jones Industrial Average stayed level. The Nasdaq Composite Index rose 0.4%. The Nasdaq 100 Index rose 0.4%. The Volatility Index declined 1.4%. Large cap stocks, as represented by the S&P 100 Index, rose 0.2%. Mid cap stocks, as represented by the S&P MidCap 400 Index, declined 0.1%. Small cap stocks, as represented by the S&P SmallCap 600 Index, declined 0.3%. Sectors Stocks in the Real Estate sector rose the most with a 1.2% gain. Stocks in the Consumer Discretionary sector fell the most with a stayed level. With a 295.1% gain, stocks in the Technology sector have advanced the most over the past 5 years With a 8.9% decline, stocks in the Energy sector have declined the most over the past 5 years Bonds The yield on 1-year Treasuries decreased by 30 basis points to 0.2% today. The yield on 5-year Treasuries increased by 83 basis points to 1.33% today. The yield on 10-year Treasuries increased by 112.99999999999999 basis points to 1.63% today. The yield on 30-year Treasuries increased by 148 basis points to 1.98% today. Credit Investment grade corporate bonds tracked by the Markit iBoxx USD Liquid Investment Grade Index rose by 0.5%. High yield bonds tracked by the Markit iBoxx USD Liquid High Yield Index fell by 0.0%. Emerging market bonds tracked by the J.P. Morgan Emerging Markets Core Index rose by 0.2%. Commodities The S&P GSCI Total Return Index, the leading measure of general commodity price movements, declined by 0.4% West Texas Intermediate crude oil declined by 0.6%. Brent crude oil declined by 0.7%. Gold declined by 0.1%. Copper rose by 1.2%. Silver declined by 0.6%. Currencies The Deutsche Bank Long US Dollar Index, which measures the greenback against a basket of other currencies, strengthened by 0.4% to $25.97 today. The Euro strengthened by 12.0% to $1.12. The British pound strengthened by 33.3% to $1.33. The Japanese yen strengthened by 15.4% to 115.42 per dollar. Cryptocurrencies This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

Paul Tudor Jones'' Top 5 3rd-Quarter Trades

08:46pm, Wednesday, 24'th Nov 2021 GuruFocus
Holdings rotate from a series of mergers and acquisitions Check out Mario Gabelli Stock Picks » Download GuruFolio Report of Mario Gabelli (Updated on 11/23/2021) , Check out Warren Buffett Stock Picks » Download GuruFolio Report of Warren Buffett (Updated on 11/23/2021) , Check out George Soros Stock Picks » Download GuruFolio Report of George Soros (Updated on 11/23/2021) , Check out Joel Gre Stock Picks » Download GuruFolio Report of Joel Gre (Updated on 11/23/2021) Related Stocks: SPY , NUAN , KSU , O , AZN , FBC , LBRDK , PPD , TBA ,
Corrado Advisors LLC lowered its position in Innovator S&P 500 Power Buffer ETF December (NYSEARCA:PDEC) by 2.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,729 shares of the companys stock after selling 2,388 shares during the period. Innovator S&P 500 Power []
GameStop Corp. (NYSE: GME ) continues to be the most-discussed stock on Reddits r/WallStreetBets forum as of early Wednesday, while Zoom Video Communications Inc . (NASDAQ: ZM ), Tesla Inc . (NASDAQ: TSLA ), Micron Technology Inc. (NASDAQ: MU ) and Nvidia Corp. (NASDAQ: NVDA ) are also seeing high interest. What Happened : Exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY ) is seeing the highest interest on the forum with 500 mentions as at press time, followed by videogame retailer GameStop with 349 mentions. Video conferencing platform Zoom Video and electric vehicle maker Tesla are in the third and fourth positions, having attracted 265 Full story available on Benzinga.com

Don''t Look Now, But Cathie Wood''s Ark Is Taking On Water

10:45am, Wednesday, 24'th Nov 2021 Zero Hedge
Don''t Look Now, But Cathie Wood''s Ark Is Taking On Water Among the biggest losers over the last 48 hour tech stock volatility has beenwell, everything in Cathie Wood''s "flagship" ARKK portfolio. Ergo, Wood''s ARKK fund has continued its dismal year, looking as though it could be heading back toward double digits any day now. Key components of Cathie Wood''s ARKK fund, including Tesla, Zoom, Spotify and DraftKings, are all lower in trading on Tuesday. Tesla is down more than 5% and names like Spotify and DraftKings were also down more than 5% at their lows during the cash session. Astute observers online are also starting to point out what can only be described as a massively widening delta between ARKK and all major indexes - to the tune of a whopping 40%! How long can investors ignore numbers like these from their favorite "active manager" before funds begin a deluge out of the way of all things Cathie Wood? $ARKK -16% YTD $QQQ +26% YTD $SPY +25% YTD DR. LUCID (@DRLUCID520) November 23, 2021 In addition, Wood''s Ark Genomic Revolution ETF has also been suffering outflows in November as returns lag.

Vanguard Economic and Market Outlook for 2022

09:03pm, Tuesday, 23'rd Nov 2021 GuruFocus
A global summary Related Stocks: SPY , ^DJI , QQQ ,

Stocks mixed as tech-led drop extends, crude oil steadies

07:29pm, Tuesday, 23'rd Nov 2021 Fish Investment
Shares were largely lower on Tuesday, as technology stocks continued to come under pressure as investors continued to ponder the market implications of the Federal Reserves renomination Jerome Powell to lead the central bank. The S&P 500 fell. The day before, the blue chip index had hit an all-day high before pulling back to finish []

2021 has been a fantabulous year for stock investors, with the S&P 500 returning 25% year to date. But here’s the bad news: all good things must come to an

Here is what you need to know on Tuesday, November 23: Equity markets took a dislike to Chairman Powell''s renewed term last night despite this being w
Forex news from the European trading session - 23 November 2021 Headlines: Markets: - EUR leads, NZD lags on the day - European equities lower; S&P 500 futures -0.1% By Justin Low
MIAMI , Nov. 22, 2021 /PRNewswire-PRWeb/ -- Miami-Dade County real estate broke its record for the most annual home sales in only 10 months as October 2021 transactions surged year-over-year, according to the MIAMI Association of Realtors ( MIAMI ) and the Multiple Listing Service (MLS) system. The red-hot market, which set its all-time annual condo sales record last month, has two more months to push its many 2021 records even higher and build on others as Miami''s all-time annual single-family home sales record is poised to be broken next month. Miami-Dade County total home sales rose 8.8% year-over-year in October 2021 , from 2,737 sales to 2,978. Miami single-family home transactions decreased 12.4%, from 1,326 to 1,161 because of lack of inventory and Covid19 comps (stats are in comparison to major rebound demand last year). Miami existing condo sales increased 28.8%, from 1,411 to 1,817. Year-to-date, Miami has registered 32,940 existing total homes sales in 10 months, which surpasses the previous annual record of 30,041 transactions in the entire year of 2013, an increase of 9.7%. " Miami home sales were rising before the pandemic, but the expansion of remote work has accelerated the demand for Miami real estate," MIAMI Chairman of the Board Jennifer Wollmann said. "If you can work from anywhere, why wouldn''t you want to live where you can be outside 365 days a year?

Oakmark Funds Celebrate 3 Anniversary Milestones

09:15pm, Monday, 22'nd Nov 2021 GuruFocus
By Bill Nygren Check out Bill Nygren Stock Picks » Download GuruFolio Report of Bill Nygren (Updated on 11/21/2021) Related Stocks: SPY , ^DJI , ^IXIC , QQQ ,
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