From Nasdaq: 2024-11-21 13:25:04

The S&P 500, Dow Jones, and Nasdaq are showing mixed results today. Snowflake stock surged over 29% after strong Q3 revenue. Cryptocurrency-related stocks are up as Bitcoin hits a new high. US economic data mixed, with home sales up but leading indicators and Philly Fed survey down. Alphabet down 6% due to antitrust concerns. Nvidia down 1% despite strong earnings. Ukraine-Russia conflict weighs on markets. US jobless claims unexpectedly fall to 6-1/2 month low. Bitcoin hits new record above $98,000 on optimism for crypto regulation. 75% of S&P 500 companies beat Q3 estimates. Fed rate cut chances at 56% for December meeting.

European government bond yields are lower. Eurozone car registrations up 1.1%. Nov consumer confidence index down. ECB member suggests rate cuts until 2%. Swaps predict ECB rate cut. Software stocks lead gains, Snowflake up 29%. Salesforce up 4%. Deere & Co up 7%. Nvidia down 1%. Warner Music Group down 9%. Ulta Beauty down 2%. Earnings reports for various companies today.

Rich Asplund did not have positions in mentioned securities. Information for informational purposes only. Euro Stoxx 50 up 0.20%. China’s Shanghai Composite up 0.07%. Japan’s Nikkei down 0.85%. US stocks mixed. Bitcoin price up. Market digesting economic data. Fed comments supportive of stocks. Antitrust concerns weigh on Alphabet. Ukraine-Russia conflict impacts markets. Software stocks and Bitcoin rally. Companies beat Q3 estimates. Fed rate cut chances at 56%. Overseas markets show mixed results.



Read more at Nasdaq: Stocks Mixed as Alphabet Falls and Nvidia’s Earnings Fail to Impress