Here is what you need to know on Monday, November 22:
Thanksgiving week kicks off and the markets are in a festive mood. Well, the equity markets anyway. This bull just cannot be kept on a leash with more gains on Friday and record highs for Apple. Tesla breaks out and looks like more all-time highs are in sight as records just keep on tumbling in 2021. While Buffet may be in cash the market is certainly not ready to turn over just yet. EV and semiconductor stocks continue to charge while even energy stocks are making up for last week in Monday's premarket. Some key economic data in the shape of PMI's is to come this week and perhaps a new Fed Chairman, who knows? The market will then taper out for Thanksgiving on Thursday and Friday is hangover trading time so volume will be light (keep the sound down!).
The dollar is once again strong at $1.1250 now versus the euro while Bitcoin holds steady at $58,700, Oil is lower at $75 and Gold is $1830.
European markets are mixed: Eurostoxx -0.1%, FTSE +0.1% and Dax -0.2%.
US futures are up: Dow, S&P and Nasdaq are all +0.4%.
Wall Street stock news (SPY) (QQQ)
President Biden confirms Powell as Fed Chair.
Apple (AAPL) Nikkei news service says delays with iPads for Christmas.
Pfizer (PFE), Moderna (MRNA) Bio NTech (BNTX) US CDC approves boosters for all adults.
Spire (SR) beats on EPS and revenue.
Monster Beverage (MNST) exploring a merger with Constellation Brands (STZ) according to Reuters.
NIO has completed a share offering and raised $2 billion. Plans to take orders for ET7 sedan in January-Benzinga.
General Motors (GM) says 13 new EV's to be launched by 2025 according to Reuters.
AstraSpace (ASTR) up 28% premarket on launch.
Lucid Motors (LCID) down 3% premarket.
Rivian (RIVN) down 3% premarket.
Alibaba (BABA), JD, Baidu fined by Chinese market regulator for failing to declare 43 deals back to 2012.
Tesla (TSLA) app sever outage saw some owners unable to connect to cars.
Upgrades and downgrades
Source: Benzinga Pro
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.