Daily Morning Note | November 23, 2021

Let the Money Talk · Nov 23, 2021 · 8m

The S&P 500 ended lower and the Nasdaq tumbled deep into negative territory on Monday after both earlier hit record highs following the announcement of a second term for Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average ended slightly higher. Climbing Treasury yields kept tech stocks broadly lower, with holdouts including Microsoft and Apple, which many investors view as relatively safe, giving up gains late in the session. The Dow Jones Industrial Average rose 0.05 per cent to end at 35,619.25 points, while the S&P 500 lost 0.32 per cent to 4,682.94. The Nasdaq Composite…