LIVE: Market Coverage: Wednesday November 24 Yahoo Finance

Subscribe to The Global Herald in Google News

Yahoo Finance published this video item, entitled “LIVE: Market Coverage: Wednesday November 24 Yahoo Finance” – below is their description.

#bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed

#YahooFinance #investing #stockmarket #bitcoin #crypto

Get the latest up-to-the-minute continuous stock market coverage and big interviews in the world of finance every Monday–Friday from 9 am to 5pm (ET).

Stocks fell on Wednesday, adding to losses following an extended rout in technology stocks, as investors digested a deluge of economic data before a holiday market closure.

Each of the S&P 500, Dow and Nasdaq opened in the red. The three major indexes held lower even after new Labor Department data showed new weekly jobless claims fell far more than expected to their lowest level since November 1969, underscoring the current tight labor market conditions. The 10-year Treasury yield rose to near 1.7% amid these further signs of a firming economic recovery.

Rising interest rates have coincided with a selloff in tech and growth stocks this week, with the Nasdaq dropping another 0.5% on Tuesday after Monday’s more than 1% decline.

Initially, the markets were happy with the FOMC decision [for Fed Chair Jerome Powell’s renomination] in the sense that it was sort of a continuity play to some degree. But then rates started to rise, and a lot of folks read rising rates as negative for big-cap tech,” Stuart Kaiser, UBS head of equity derivatives research, told Yahoo Finance Live. “So I think the tradeoff we’re going to have here is that, tech has been market leadership — it’s obviously a strong earnings growth and free cash flow engine for U.S. equities — but if you believe it’s going to come under pressure from higher yields, then you end up with kind of a difficult Catch-22.”

Investors are set to receive more economic data later Wednesday morning ahead of the Thanksgiving Day market holiday, with both the U.S. stock and bond markets set to close all day Thursday. Importantly, the Bureau of Economic Analysis will release the October personal consumption expenditures (PCE) deflator, offering an updated look at the extent of the price increases still reverberating through the U.S. economy.

The headline PCE deflator is expected to rise by 5.1% in October over last year for its fastest annual growth rate in more than three decades. Taken in tandem with a bevy of other data pointing to persistently high inflation, investors are speculating that the Federal Reserve will step in and raise benchmark interest rates from their near-zero levels next year to try and stem rising prices.

For more on this article, please visit:

https://finance.yahoo.com/news/stock-market-news-live-updates-november-24-2021-231754245.html

Yahoo Finance YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


Subscribe to The Global Herald in Google News

In This Story: Bitcoin

Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

4 Recent Items: Bitcoin

  • Ethereum developer: Spacemesh is ‘greener than bitcoin or ethereum mining’
  • What Does a Stronger Dollar Mean for Bitcoin?
  • What Does a Stronger Dollar Mean for Bitcoin?
  • Market Coverage: Thursday December 2 Yahoo Finance
  • In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

    Symptoms of coronavirus

    The main symptoms of coronavirus are:

    • a persistent new cough (non productive, dry)
    • a high temperature (e.g. head feels warm to the touch)
    • shortness of breath (if this is abnormal for the individual, or increased)

    Latest News about Covid-19

    Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.

    5 Recent Items: COVID-19

  • Biden approval on COVID drops 20 points in a year
  • Snap-on CEO on U.S. Labor Force
  • WHO Says Measures Used Against Delta Should Work For Omicron
  • Omicron variant confirmed in 38 countries: World Health Organization
  • WHO, FIFA and Qatar team up to launch #ACTogether campaign at FIFA Arab Cup
  • In This Story: Thanksgiving

    Thanksgiving is best known as a holiday celebrated in the United States on the fourth Thursday of November every year, usually through feasting, parades and travel to see family and friends, though celebrations were scaled back during the 2020 coronavirus pandemic.

    The roots of the modern celebration lie in settlers celebrating their arrival in the Americas in the early 1600’s. It has been a public holiday since 1941 due to federal legislation, an annual tradition in the United States by presidential proclamation since 1863 and by state legislation since the Founding Fathers of the United States.

    Traditionally, Thanksgiving has been a celebration of the blessings of the year, including the harvest. What Americans call the “Holiday Season” generally begins with Thanksgiving. The first day after Thanksgiving Day—Black Friday—marks the start of the Christmas shopping season.

    4 Recent Items: Thanksgiving

  • Seth Rogen Accidentally Got High for Adele’s TV Concert Special | The Tonight Show
  • Hanukkah, Turkeys & Omicron – We’re Back!
  • Kym checks in to see how the contestants are doing | The Big Holiday Food Fight | OWN
  • One Thanksgiving Break Was Not Like The Others – Corden Catch-Up
  • Leave a Comment

    We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.

    Posting....