Market close: US benchmarks closed mixed amid rising inflation
By Joseph Toppe
21:40, 11 November 2021

The three major US indices finished trading on Thursday up and down a day after the US Bureau of Labor Statistics report showed consumers were spending more.
At the close of Thursday’s session, the tech-heavy Nasdaq Composite was up 0.5% to finish at 15,704.28, the S&P 500 finished the day 0.06% higher at 4,649.27, while the Dow Jones Industrial Average went the other way, dropping 158.71 points, or 0.4% to 35,921.23.
The latest report from the US Bureau of Labor Statistics showed consumer prices in October increased by their largest mark in more than three decades, sending the major US equity indices lower on Wednesday.
Thursday’s winners and losers
Following yesterday’s selloff, tech shares rebounded during Thursday trading.
Shares of Nvidia are up 3.2% after rising just above 2% by intraday, shares of AMD ended 4.4% higher after being up over 2% halfway through the session.
Shares of Facebook parent Meta are 0.14% higher, while shares of Google parent Alphabet are 0.11% better.
Shares of Tesla reversed 0.4% after regulatory filings showed Elon Musk sold $5bn of his shares earlier in this week.
Among other auto stocks, shares for Rivian Automotive are 18% higher, following a 29% spike when the electric vehicle company debuted in trading during yesterday’s session.
Weighing down the Dow, shares of Walt Disney’s stock closed over 7% in the red, a day after the entertainment company reported a slowdown in subscriber growth brought on by Covid-19 lockdowns.
What is your sentiment on NVDA?
In assets – Bond markets close to celebrate Veteran’s Day
The dollar added 0.1% Thursday, with the WSJ Dollar Index at its highest level since September 2020.
The US bond market is closed Thursday to observe the Veterans Day holiday.
In the energy sector, West Texas Intermediate crude for December delivery rose 25 cents, or 0.3%, to settle at $81.59 a barrel on the New York Mercantile Exchange after posting a loss of 3.3% Wednesday.
January Brent crude, the global benchmark, rose 23 cents, or 0.3% at $82.87 per barrel on ICE Futures Europe.
Global markets - Mixed bag
The pan-continental Stoxx Europe 600 popped 0.3% to close with a new high.
In Asia, most major benchmarks rose. The Shanghai Composite Index went up 1.2%, while the Hang Seng Index improved 1%.
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