The US markets concluded the opening session of the week yesterday, Monday 22nd of November, in contrast, as the Dow Jones index managed to close in the green color, while the S&P 500 and Nasdaq indices deepened in the red color after they had gained until a few hours before closing in a session described as volatile.
The Dow Jones index rose by about 330 points, while the S&P 500 index hit a new record mid-session, and after US President Joe Biden kept the current US Federal Reserve Chairman Jerome Powell in his position, as expectations were largely for another four-year period.
The markets were affected by the rise in US bond yields during the session, amid weak trading less than 48 hours before the Thanksgiving holiday in the United States of America, to support the rise in yields, the rise of the banks index in the S&P 500 index by about 2%, so that Wells Fargo Bank is one of the largest beneficiaries, up 3% at Closure .
Tesla stock rose about 1.7% at closing at $1.156 after CEO Elon Musk tweeted that the Model S Plaid is expected to arrive in China by next March, and the company received support from the company’s announcement that it will spend more than $1 billion on… Its new factory is in Texas.
Zoom Video, the owner of the remote meeting application, announced a net profit of $340.2 million, with earnings per share of $1.11, better than expectations, but it warned of a slowdown in sales next year, as the stock fell at the close by about 3.59% and closed at $242.
The Dow Jones Industrial Average closed up by 17 points at the close at 35.619 levels, with gains of about 0.05%, and it is now trading in futures for today’s session, Tuesday, at 35,593 levels, up by about 22 points.
On the other hand, the S&P 500 index recorded declines at the closing at 4.682 levels, a loss of about (15) points or 0.32%, and it is now trading in futures at 4.679 levels, up by about two points.
While the Nasdaq index recorded losses of (202 points) to close the session at 15,854 points, recording declines of about 1.26%, and it is now trading at 16,349 levels, down by about 32 points.