Archives of “November 16, 2021” day

rss

China’s President Xi and US President Biden are meeting Monday evening (US time)

  
Analysis, Politics

Its a virtual meeting, Monday US time and Tuesday China time.

Top level meetings like this 99.99% of the time result in bland sort of readouts. Still, there may be something. Its not like the two sides are in agreement on issues such as Taiwan.
I’ve been unable to find a start time. But the meeting is apparently scheduled to last 3 hours.
These two have spent hours together as Vice Presidents in the past:
biden xi

NASDAQ and Dow close lower. S&P trades near unchanged

  
Analysis, US Market

Dow industrial average down for the fourth time in five days

The major indices are closing lower in the day after giving up earlier gains.

  • Dow industrial average was up 135.76 points at the high
  • S&P was up 14.25 points at the high
  • NASDAQ index was up 57.6 points at the high
  • NASDAQ index snapped a two day win streak
  • S&P closes fractionally lower and also snapped its two day win streak
  • Dow  closes lower for the fourth time in five sessions
  • The S&P is closing within 1% of its all-time high
The final numbers are showing:
  • Dow industrial average -12.86 points or -0.04% at 36087.44
  • S&P index – 0.03 points or 0.00% at 4682.82
  • NASDAQ index fell -7.10 points or -0.04% at 15853.86
Overall, the changes for the day are marginal.  Last week, the major indices close lower after five weeks of gains.
Go to top