Stocks Hover Near Breakeven as Treasury Yields Rise

Elon Musk sold nearly $7 billion in Tesla shares last week

Deputy Editor
Nov 15, 2021 at 4:26 PM
facebook X logo linkedin

The major benchmarks kicked the week off on a quiet note, with all three logging paltry performances as U.S. Treasury yields moved higher while investors look ahead to a big week of retail earnings. The rise in Treasury yields comes after last week's sale by Tesla's CEO Elon Musk of nearly $7 billion shares of the stock. The tech giant's drag continued into Monday, sinking around 3.5% during today's session. In response, the Dow shed 12 points, while the S&P 500 and Nasdaq also finished near their respective breakeven marks.

Continue reading for more on today's market, including:

  • Don't sweat Hilton Hotels stock's pullback.
  • Auto parts stock trades at record highs ahead of key event.
  • Plus, Credit Suisse weighs in on EVGO; Mantle Ridge takes stake in Dollar Tree; and Petco stock nabs a bear note.

The Dow Jones Average (DJI - 36,087.45) fell 12.9 points or 0.04% for the day. The best performing Dow member today was Boeing (BA), which added 5.5%. UnitedHealth (UNH), meanwhile, fell 1.8%, to pace the laggards.

The S&P 500 Index (SPX - 4,682.80) lost 0.05 point, or 0% for the day, while the Nasdaq Composite (IXIC - 15,853.85) shed 7.1 points, or 0.04% for the day.

Lastly, the CBOE Market Volatility Index (VIX - 16.49) added 0.2 point, or 1.2% for the day.

closing summary Nov15

nyse nasdaq Nov15

  1. Airline travelers are flooding terminals once again, but the rising cost of jet fuel is reportedly threatening the industry's profitability. (CNBC)
  2. U.S. President Joe Biden is slated to sign the bipartisan infrastructure bill into law today. (MarketWatch
  3. Are EVgo stock's tailwinds already priced in?
  4. Mantel Ridge took a billion-dollar stake in this discount retailer.
  5. Jefferies downgrades Petco stock.

Earnings Nov15

UVOL Nov15

Oil Brushes Off Fears of Supply Issues

Oil prices in the U.S. rose slightly to kick of the week, brushing aside higher supply forecasts. The market for crude has cooled off recently, as the White House ponders releasing oil from the U.S. Strategic Petroleum Reserve in order to ease skyrocket prices. December-dated crude added 9 cents, or 0.1% to settle at $80.88 a barrel today.

Gold prices fell, snapping a seven-day win streak after U.S. bond yields moved higher. However, bullion stayed near its five-month highs, thanks to its continual appeal as an inflation hedge. December-dated gold shed $1.90 or, 0.1%, to settle at $1,866.60 on the day.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI