Market wraps mixed; Dow sets fresh intraday records, S&P 500 hits 6 consecutive wins

Investors viewed a batch of stronger-than-expected earnings data with greater optimism about the trajectory of corporate profits, even in the face of continued supply chain limitations, as stocks extended their gains.
WAN CHAI, Hong Kong - Nov. 15, 2021 - PRLog -- At session highs, the Dow soared more than 0.5 percent to set a new all-time intraday high, surpassing its previous high from August. The S&P 500 was also at a record high and had its longest winning streak since July, with its sixth straight day of gains.

On the other hand, Netflix's stock dropped despite exceeding Wall Street's forecasts for third-quarter profitability and subscriber growth. United Air Lines' stock increased after the airline reported a smaller-than-expected quarterly loss and revenue that above forecasts, but at a 32 percent lower level than in 2019.

These earnings reports, along with those from earlier reporting such as the large banks last week and Procter & Gamble and Johnson & Johnson earlier this week, have helped alleviate traders' concerns that corporate profits would decline sharply following a second-quarter boom. Investors have been watching inflation data with bated breath, as prices have risen by the most in decades, despite a slew of claims of continuing labor and material shortages, as well as delivery concerns. All of these variables were predicted to have a significant impact on business profits.

  • The Dow went up at 35,609.93, increasing by 152.62 points or 0.43%.
  • NASDAQ ended lower at 15,121.68, losing 7.41 points or 0.05%.
  • The S&P 500 Index landed at 4,536.37 after rising by 16.74 points or 0.37%.
  • Japan's Nikkei 225 decreased by 1.87% or 546.97 points and closed to 28,708.51.
  • Hong Kong's Hang Seng stepped down at 25,934.44 points or 0.77% loss.
  • U.S. 2 Year Treasury yield up by 0.3 basis points at 0.3900.
  • U.S. 5 Year Treasury yield slumped by 0.8 basis points at 1.0580.
  • U.S. 10 Year Treasury yield decreased by 1.1 basis points at 1.6480.
  • Gold up to $1,786.86 per ounce after gaining $4.97 or 0.27%
  • Silver currently at $24.33955 per ounce after increasing by 0.05%.
  • Western Texas Intermediate Crude decreased and now at $83.22 per barrel.
  • Brent crude at $85.42 per barrel after slumping by 0.47%.
  • Euro up by 0.00054 closing 1.16533 vs USD.
  • Yen decreased by 0.310 at 114.018 against USD.
  • British Pound slumped by 0.0016 at 1.3807 versus USD.
  • Canadian Dollars increased by 0.00135 at 1.23301 vs USD.
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