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2021-11-24

Slow recovery ahead

Nasdaq ends lower for second day as Big Tech loses ground

Nov 23 - The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.The S&P 500 growth index dipped 0.3% and the value index climbed 0.8%.Treasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.Tesla fell over 4% and

Nasdaq ends lower for second day as Big Tech loses ground

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Rising interest rates tend to make growth stocks less attractive to investors.\n“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.\nWith banks benefiting from higher interest rates, the S&amp;P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.\nThe S&amp;P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.\nAn IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.\nThe Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&amp;P 500 gained 0.17% to 4,690.7.\nThe Nasdaq Composite dropped 0.5% to 15,775.14.\nAfter closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.\nThe CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.\nThe U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.\n<a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.\nBest Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.\nChipmakers Micron Technology and Western Digital Corp&nbsp;rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.\nThe S&amp;P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.\nVolume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNasdaq ends lower for second day as Big Tech loses ground\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2021-11-24 07:02\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n* Banks extend gains as yields rise\n* Factory activity expands in November\n* Tesla and Microsoft give back recent gains\nNov 23 (Reuters) - The Nasdaq ended lower for a second straight session on Tuesday, while the S&amp;P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.\nThe S&amp;P 500 growth index dipped 0.3% and the value index climbed 0.8%.\nTreasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.\nTesla fell over 4% and Microsoft lost 0.6%, with the two companies dragging on the Nasdaq more than any other stocks. Rising interest rates tend to make growth stocks less attractive to investors.\n“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.\nWith banks benefiting from higher interest rates, the S&amp;P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.\nThe S&amp;P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.\nAn IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.\nThe Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&amp;P 500 gained 0.17% to 4,690.7.\nThe Nasdaq Composite dropped 0.5% to 15,775.14.\nAfter closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.\nThe CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.\nThe U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.\n<a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.\nBest Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.\nChipmakers Micron Technology and Western Digital Corp&nbsp;rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.\nThe S&amp;P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.\nVolume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","SPXU":"三倍做空标普500ETF","BK4525":"远程办公概念","BK4566":"资本集团","SQQQ":"纳指三倍做空ETF","BK4535":"淡马锡持仓","BK4567":"ESG概念","BK4559":"巴菲特持仓",".DJI":"道琼斯","SDOW":"道指三倍做空ETF-ProShares","BK4527":"明星科技股","SPY":"标普500ETF","DDM":"道指两倍做多ETF","BK4538":"云计算","BK4550":"红杉资本持仓",".IXIC":"NASDAQ Composite","BK4534":"瑞士信贷持仓","BK4503":"景林资产持仓","QQQ":"纳指100ETF",".SPX":"S&P 500 Index","SDS":"两倍做空标普500ETF","DOG":"道指反向ETF","OEX":"标普100","TSLA":"特斯拉","SSO":"两倍做多标普500ETF","BK4097":"系统软件","BK4504":"桥水持仓","QID":"纳指两倍做空ETF","OEF":"标普100指数ETF-iShares","TQQQ":"纳指三倍做多ETF","DJX":"1/100道琼斯","BK4548":"巴美列捷福持仓","SH":"标普500反向ETF","BK4528":"SaaS概念","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","BK4516":"特朗普概念","IVV":"标普500指数ETF","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","MSFT":"微软","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","DXD":"道指两倍做空ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336565","content_text":"* Banks extend gains as yields rise\n* Factory activity expands in November\n* Tesla and Microsoft give back recent gains\nNov 23 (Reuters) - The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.\nThe S&P 500 growth index dipped 0.3% and the value index climbed 0.8%.\nTreasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.\nTesla fell over 4% and Microsoft lost 0.6%, with the two companies dragging on the Nasdaq more than any other stocks. Rising interest rates tend to make growth stocks less attractive to investors.\n“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.\nWith banks benefiting from higher interest rates, the S&P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.\nThe S&P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.\nAn IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.\nThe Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&P 500 gained 0.17% to 4,690.7.\nThe Nasdaq Composite dropped 0.5% to 15,775.14.\nAfter closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.\nThe CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.\nThe U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.\nZoom Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.\nBest Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.\nChipmakers Micron Technology and Western Digital Corp rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.\nThe S&P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.\nVolume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":430,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":17,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Nasdaq ends lower for second day as Big Tech loses ground

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