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Afternoon Note

Technology continues to lead

By Charles Payne, CEO & Principal Analyst
11/19/2021 1:51 PM

The broader market sits mixed in afternoon hours with the Dow Jones paring deeper declines and the S&P turning positive. Leadership continues to narrow to technology stocks, with the Nasdaq hitting an all-time intraday high.

Energy is the worst performing sector, with oil down 3.8% to $76. The interest rate sensitive Utilities sector is among one of the best performing sectors.

S&P 500 Index                

+0.15%

 

Communication Services XLC

+0.36%

 

Consumer Discretionary XLY

+0.49%

 

Consumer Staples XLP

 

-0.09%

Energy XLE

 

-3.54%

Financials XLF

 

-0.87%

Health Care XLV

 

-0.36%

Industrials XLI

 

-0.16%

Materials XLB

+0.21%

 

Real Estate XLRE

 

-0.36%

Technology XLK

+0.93%

 

Utilities XLU

+0.54%

 

 
Breadth is mixed with declines outpacing advances and mixed new highs and new lows. 
 

Market Breadth

NYSE

NASDAQ

Advancing

1,255

1,941

Declining

1,996

2,525

52 Week High

82

129

52 Week Low

83

256

Up Volume

685.59M

1.48B

Down Volume

1.35B

1.11B

Thanksgiving Inflation

Our homes are filling up with all the stuff for a great Thanksgiving dinner, however, this year a dinner for ten on average will cost $53.31. This represents a 13.7% increase than last year, being the largest year-over-year spike since 1990. We are looking at the most expensive Thanksgiving dinner ever.

 


Comments
Charles , love your show. When you and Larry Kudlow discuss the economy everyone learns a lot.

Patricia Heng on 11/19/2021 9:23:21 PM
Thank you so much Patricia, That's my main goal. I will also share with Larry. CP

Charles Payne on 11/20/2021 10:32:50 AM
"Thanksgiving is a typically American holiday. In spite of its religious form (giving thanks to God for a good harvest), its essential, secular meaning is a celebration of successful production. It is a producers’ holiday. The lavish meal is a symbol of the fact that abundant consumption is the result and reward of production. Abundance is (or was and ought to be) America’s pride—just as it is the pride of American parents that their children need never know starvation"
--Ayn Rand

John Galt on 11/20/2021 6:21:00 PM
 

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