{"id":48439,"date":"2024-11-21T19:28:33","date_gmt":"2024-11-21T19:28:33","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise\/48439\/"},"modified":"2024-11-21T19:28:33","modified_gmt":"2024-11-21T19:28:33","slug":"market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise\/48439\/","title":{"rendered":"Market Recap: Wall Street Mixed as Tech Stocks Falter and Geopolitical Tensions Rise"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise\/48439\/#Major_Indexes_Close_with_Mixed_Results\" >Major Indexes Close with Mixed Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise\/48439\/#Sector_Performance_and_Market_Movers\" >Sector Performance and Market Movers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise\/48439\/#Upcoming_Market_Events_and_Economic_Indicators\" >Upcoming Market Events and Economic Indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise\/48439\/#Geopolitical_Tensions_and_Market_Impact\" >Geopolitical Tensions and Market Impact<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise\/48439\/#Cryptocurrency_and_Commodities\" >Cryptocurrency and Commodities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-mixed-as-tech-stocks-falter-and-geopolitical-tensions-rise\/48439\/#Looking_Ahead_Market_Outlook\" >Looking Ahead: Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Close_with_Mixed_Results\"><\/span>Major Indexes Close with Mixed Results<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Thursday, November 21, 2024, the U.S. stock market closed with mixed results as investors digested disappointing forecasts from tech giant Nvidia and growing geopolitical tensions. The <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DJI\">DJI<\/a>)<\/b> rose 0.3% or 139.53 points to close at 43,408.47, ending a four-day decline. The <b><a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a><\/b> inched up 0.1% to finish at 5,917.11, while the <b>tech-heavy Nasdaq Composite<\/b> declined 0.1%, closing at 18,966.14.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sector_Performance_and_Market_Movers\"><\/span>Sector Performance and Market Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market saw divergent sector performance, with energy and healthcare leading the gains. The <b>Energy Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLE\">XLE<\/a>)<\/b> and the <b>Health Care Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLV\">XLV<\/a>)<\/b> both climbed by 1% and 1.2%, respectively. On the downside, consumer-related sectors faced pressure, with the <b>Consumer Discretionary Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLY\">XLY<\/a>)<\/b> and the <b>Consumer Staples Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLP\">XLP<\/a>)<\/b> dropping 0.4% and 0.5%, respectively.<\/p>\n<p><b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b>, the world&#8217;s most valuable chipmaker, reported earnings that beat expectations but disappointed investors with a forecast of slower revenue growth. This caused ripples across the tech sector, dragging down the Nasdaq and putting pressure on other semiconductor stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_and_Economic_Indicators\"><\/span>Upcoming Market Events and Economic Indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching several key economic releases scheduled for Friday, November 22:<\/p>\n<p>1. <b>S&#038;P Global Flash U.S. Services PMI<\/b> (November): Expected at 55.0<br \/>2. <b>S&#038;P Global Flash U.S. Manufacturing PMI<\/b> (November): Forecast at 48.5<br \/>3. <b>Consumer Sentiment<\/b> (Final November reading): Anticipated at 73.0<\/p>\n<p>These reports will provide crucial insights into the health of the U.S. economy and could influence market direction in the coming days.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitical_Tensions_and_Market_Impact\"><\/span>Geopolitical Tensions and Market Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The ongoing Russia-Ukraine conflict continues to cast a shadow over global markets. Recent escalations, including reports of Ukraine using U.S.-made missiles to strike Russian territory, have heightened tensions. Russian President Vladimir Putin&#8217;s warning about lowering the threshold for nuclear strikes has further unsettled investors, contributing to market volatility and supporting safe-haven assets.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cryptocurrency_and_Commodities\"><\/span>Cryptocurrency and Commodities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the cryptocurrency market, <b>Bitcoin (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BTC\">BTC<\/a>)<\/b> surged to a new all-time high, briefly touching $97,902 before settling around $97,305. This rally is largely attributed to anticipation of crypto-friendly policies under the incoming <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration.<\/p>\n<p>Oil prices continued their upward trend, with <b>Brent crude futures<\/b> for January rising 0.23% to $72.98 per barrel, while <b>U.S. West Texas Intermediate (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WTI\">WTI<\/a>) crude futures<\/b> gained 0.25% to $68.92. The increase is primarily driven by supply concerns stemming from the escalating geopolitical tensions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Outlook\"><\/span>Looking Ahead: Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we move towards the end of 2024, market participants remain cautious due to several factors:<\/p>\n<p>1. The potential impact of geopolitical tensions on global trade and energy markets<br \/>2. Ongoing concerns about inflation and the Federal Reserve&#8217;s monetary policy stance<br \/>3. The performance of the technology sector, particularly AI-related stocks<br \/>4. Upcoming economic data releases and their implications for economic growth<\/p>\n<p>Investors are advised to stay vigilant and maintain a diversified portfolio in light of these market dynamics. The interplay between technological advancements, geopolitical events, and economic indicators will likely continue to shape market trends in the coming weeks.<\/p>\n<p>As always, it&#8217;s crucial for investors to conduct thorough research and consider their individual financial goals and risk tolerance when making investment decisions in this complex and rapidly evolving market environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Close with Mixed Results On Thursday, November 21, 2024, the U.S. stock market closed with mixed results as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[633,970,3016,3734,3760,3793,3795,3814],"class_list":["post-48439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-nvda","tag-wti","tag-dji","tag-btc","tag-xle","tag-xlp","tag-xly","tag-xlv"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=48439"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/48439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=48439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=48439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=48439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}