To: Return to Sender who wrote (87612 ) 11/15/2021 4:22:09 PM From: Return to Sender Respond to of 95515 Market Snapshot briefing.com Dow 36087.45 -12.86 (-0.04 %) Nasdaq 15853.85 -7.11 (-0.04 %) SP 500 4682.80 -0.05 (0.00%) 10-yr Note -27/32 1.620 NYSE Adv 1510 Dec 1769 Vol 764.2 mln Nasdaq Adv 2079 Dec 2500 Vol 4.9 bln
Industry Watch Strong: Energy, Utilities, Consumer Staples, Real Estate Weak: Materials, Information Technology, Consumer Discretionary
Moving the Market -- Large-cap indices close flat in lackluster session -- Consolidation activity -- Treasury yield curve steepened
Flat finish for the large-cap indices 15-Nov-21 16:15 ET Dow -12.86 at 36087.45, Nasdaq -7.11 at 15853.85, S&P -0.05 at 4682.80 [BRIEFING.COM] The S&P 500 (unch) finished flat on Monday as the market continued to consolidate near record highs. The Nasdaq Composite (unch) and Dow Jones Industrial Average (unch) also closed little changed, while the Russell 2000 fell 0.5%. Seven of the 11 S&P 500 sectors closed higher, led by the lightly-weighted utilities (+1.3%) and energy (+0.8%) sectors. Conversely, the health care (-0.6%), materials (-0.5%), and information technology (-0.1%) sectors underperformed in negative territory. There wasn't any specific catalyst driving the action, although there was some curve-steepening activity in Treasuries following the release of the Empire State Manufacturing Survey, which jumped to 30.9 in November (Briefing.com consensus 20.3) from 19.8 in October. The 2-yr yield decreased one basis point to 0.52%, while the 10-yr yield rose four basis points to 1.62%. The U.S. Dollar Index rose 0.4% to 95.54. WTI crude futures were unchanged at $80.85/bbl. The manufacturing survey was a warm-up for tomorrow's release of the Retail Sales report for October. Later in the week, reports indicated that President Biden could nominate a Fed chair and that the CBO plans to release a complete cost estimate for the Build Back Better Act by Friday. On a related note, President Biden was preparing to sign the $1.2 trillion bipartisan infrastructure bill after the market close. Shares of Boeing (BA 233.09, +12.13, +5.5%), meanwhile, rose 5.5% after the company received an order for two Boeing 777 freighters from Emirates. Rivian (RIVN 149.36, +19.41, +14.9%) stayed hot and extended its post-IPO gain to over 90%. Looking ahead, investors will receive Retail Sales for October, Industrial Production and Capacity Utilization, the NAHB Housing Market Index for November, Import and Export Prices for October, Business Inventories for September, and Net Long-Term TIC Flows for September. S&P 500 +24.7% YTD Nasdaq Composite +23.0% YTD Russell 2000 +21.6% YTD Dow Jones Industrial Average +17.9% YTD Crude futures settle unchanged 15-Nov-21 15:25 ET Dow -15.70 at 36084.61, Nasdaq -1.93 at 15859.03, S&P +0.62 at 4683.47 [BRIEFING.COM] The S&P 500 continues to trade flat despite gains in eight of its 11 sectors. One last look at the sector performances shows energy (+1.0%) and utilities (+1.0%) both up 1.0%, while the health care (-0.6%), materials (-0.5%), and information technology (-0.2%) sectors trade lower. WTI crude futures settled unchanged at $80.85/bbl.