Nasdaq Bags Longest Win Streak Since January

Rising Treasury yields capped today's gains

Digital Content Manager
Nov 6, 2023 at 4:30 PM
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Stocks extended their win streaks with muted gains on Monday. The Dow and S&P 500 settled slightly above breakeven to close a sixth straight day in the black and notch their best win streaks since July and June, respectively. The Nasdaq pared its heartier gains as rising Treasury yields capped price action, though it still saw its seventh consecutive daily win and longest winning run since January.

  • Why this energy stock is raking in bull notes.
  • Microsoft stock could soon reach new heights.
  • Plus, automotive stock popular in the options pits; Walt Disney gears up for earnings; and analysts chime in on footwear newbie.
 

 Closing Index Summary November 62023

NYSE and Nasdaq Stat November 62023

5 Things to Know Today

  1. OpenAI, which is linked to Microsoft (MSFT), today revealed its new GPT-4 Turbo artificial intelligence (AI) model enables thecreation of custom chatbots(CNBC)
  2. PepsiCo's (PEP) Chief Financial Officer Hugh Johnston is leaving his post at the beverage giant to take over the same position at Walt Disney (DIS). (MarketWatch)
  3. Ford stock has been a hit with options traders.
  4. Checking on Walt Disney stock before earnings.
  5. Brokerages initiate coverage on Birkenstock stock.

Earnings November 62023

Unusual Options Activity November 62023

Oil Moves Higher on Extended Output Cuts

Oil prices settled higher on Monday, after Russia and Saudia Arabia extended their output cuts through the end of the year in a largely anticipated move. December-dated West Texas Intermediate (WTI) crude rose 31 cents, or 0.4%, to close at $80.82 a barrel.

Gold prices were lower, as investors turned away from the yellow metal ahead of this week's Federal Reserve comments. December-dated gold shed $12.80, or 0.6%, to close at $1,986.40 an ounce for the day.

 

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