Daily global market review

Navigating the market today proved challenging, not due to significant losses, but rather the lack of substantial activity until some seesaw action transpired in the final trading hour. The major indices exhibited a mixed performance throughout the day, lacking conviction from both buyers and sellers. The Invesco S&P 500 Equal-Weight ETF (RSP) saw a marginal decline of 0.2%. The Nasdaq Composite displayed a slight performance edge, buoyed by select mega-cap names such as Amazon (AMZN), NVIDIA (NVDA), Tesla (TSLA), and Microsoft (MSFT), contributing to a relatively stable position for the S&P 500 compared to Friday's closing level. The S&P 500 traded within a narrow 14-point range for the day.

The day's deliberate movement was mirrored in modest changes across S&P 500 sectors. Real estate emerged as the biggest gainer, posting a 0.4% increase, while the health care sector experienced the most significant decline at -0.6%. Market breadth favored declining issues, with a 4-to-3 margin at the NYSE and roughly a 7-to-4 margin at the Nasdaq.

In separate developments, Treasury yields took a downward turn at the start of the week. A weaker-than-expected October New Home Sales Report and a $55 billion 5-year note auction contributed to this shift. The 2-year note yield fell eight basis points to 4.87%, and the 10-year note yield dropped eight basis points to 4.39%.

Although the decline in market rates did not elicit the same enthusiasm seen earlier in the month, it arguably helped curb selling efforts on Cyber Monday, a day that witnessed lackluster performance in the retail stocks, as evidenced by the 0.6% decline in the SPDR S&P Retail ETF (XRT).

Examining today's economic data, new home sales experienced a 5.6% month-over-month decline in October, reaching a seasonally adjusted annual rate of 679,000 units, falling short of the consensus estimate of 720,000. Despite the drop, new home sales maintained a 17.7% year-over-year increase. Notably, the report highlights a notable slump in new home sales activity for October, attributed in part to affordability challenges resulting from high mortgage rates and overall elevated prices. In the market, the 10-year Note saw a positive uptick, advancing 6/32 to 4.39%.

In the industry landscape, sectors such as real estate, consumer discretionary, information technology, and utilities exhibited strength, while energy, industrials, health care, and communication services showed weakness. The market's focus remained on consolidation expectations following four consecutive weeks of gains, keeping a watchful eye on the retail sector as the holiday selling season kicked into full swing. The October new home sales data, reflecting a 5.6% month-over-month decline to 679,000 units, disappointed market participants, particularly due to affordability pressures.

In the United States, the Dow closed at 35,333.47, experiencing a minor decrease of 56.68 points, equivalent to a 0.16% change. Similarly, the S&P 500 recorded a decrease of 8.91 points, or 0.20%, ending at 4,550.43, while the NASDAQ saw a 0.07% decrease, closing at 14,241.02 with a change of -9.83 points. The VIX, measuring market volatility, rose by 0.25 points, resulting in a 2.01% change to reach 12.71. The Russell 2000 index in the U.S. reported a 0.35% decrease, with a change of -6.35 points, ending at 1,801.15. In Canada, the S&P/TSX Composite and S&P/TSX 60 experienced a 0.30% and 0.33% decrease, respectively, closing at 20,042.87 and 1,207.39. Meanwhile, in Brazil, the BOVESPA index showed a minimal 0.09% increase, closing at 125,632.21 with a change of +114.94 points. In Chile, the S&P IPSA decreased by 19.32 points, resulting in a 0.33% change, closing at 5,757.42. In Mexico, the S&P/BMV IPC reported a 1.26% decrease, with a change of -667.72 points, ending at 52,270.70.

Turning to Europe, the STOXX Europe 50 index experienced a 0.50% decrease, closing at 3,961.80 with a change of -19.95 points, while the STOXX Europe 600 recorded a 0.34% decrease, ending at 458.41 with a change of -1.57 points. In the United Kingdom, the FTSE 250 and FTSE 100 reported decreases of 0.11% and 0.37%, respectively, closing at 18,438.55 (-19.55 points) and 7,460.70 (-27.50 points). Germany's DAX index closed at 15,966.37, reflecting a 0.39% decrease with a change of -63.12 points. Italy's FTSE MIB recorded a 0.31% decrease, closing at 29,342.29 with a change of -90.01 points, while France's CAC 40 saw a 0.37% decrease, closing at 7,265.49 with a change of -27.31 points. Switzerland's SMI index reported a 0.54% decrease, closing at 10,821.06 with a change of -58.46 points.

In the Asian markets, Japan's Nikkei 225 experienced a 0.53% decrease, closing at 33,447.67 with a change of -177.86 points. Hong Kong's Hang Seng index saw a 0.20% decrease, closing at 17,525.06 with a change of -34.36 points. China's Shanghai Composite and Shenzhen Composite reported decreases of 0.30% and 0.55%, respectively, closing at 3,031.70 (-9.27 points) and 9,785.57 (-53.95 points). Australia's S&P/ASX 200 remained unchanged at 6,987.60, while South Korea's KOSPI experienced a 0.04% decrease, closing at 2,495.66 with a change of -0.97 points. Taiwan's SE index saw an 0.87% decrease, closing at 17,137.42 with a change of -150.00 points. Finally, India's Bombay Sensex remained unchanged at 65,970.04.

class>Biodexa Pharmaceuticals plc Sponsored ADR (BDRX) is priced at 5.11, reflecting a change of +2.32, equivalent to a 83.15% increase, with a trading volume of 33 million shares and a 52-week range between 2.26 and 579.20.

Amazon.com

, Inc. (AMZN) is priced at 147.73, experiencing a change of +0.99, resulting in a 0.67% increase. The trading volume is 52 million shares, and the 52-week range is between 81.43 and 149.26.

In the cryptocurrency market, the Nasdaq Crypto Index closed at 2,041.29, reflecting a decrease of 52.82 points, equivalent to a 2.52% change. Bitcoin, the leading cryptocurrency, experienced a 1.59% decrease, closing at 36,906.00 with a change of -598.00 points. Ether, another major cryptocurrency, recorded a 2.95% decrease, closing at 2,004.20 with a change of -60.90 points. Litecoin saw a 2.37% decrease, closing at 68.38 with a change of -1.66 points, while XRP reported a 2.93% decrease, closing at 0.60 with a change of -0.02 points. The data was last updated on Nov 27 at 4:14:15 PM ET.

In the currency exchange market, the Euro to US Dollar rate closed at 1.0956, experiencing a 0.13% increase with no change in numerical value. The British Pound to US Dollar rate saw a 0.20% increase, closing at 1.2627 with no numerical change. The US Dollar to Canadian Dollar rate reported a 0.14% decrease, closing at 1.3618 with no numerical change. Similarly, the US Dollar to Swiss Franc rate and the US Dollar to Japanese Yen rate recorded decreases of 0.18% and 0.59%, respectively, closing at 0.8806 and 148.6530. The data was last updated on Nov 27 at 4:14:18 PM ET.

In the bonds and rates market, the yields for various treasuries experienced changes. The 3 Month Treasury yield closed at 5.265%, reflecting a decrease of 0.013%. The 2 Year Treasury yield recorded a 4.877% with a decrease of 0.078%. The 5 Year Treasury yield closed at 4.411%, showing a decrease of 0.080%. The 10 Year Treasury yield reported a 4.384%, with a decrease of 0.086%. Lastly, the 30 Year Treasury yield closed at 4.526%, reflecting a decrease of 0.075%.

The Bloomberg Commodity Index (BCOMTR:IND) indicates a 0.40% decline, with a value of 230.67 and a change of -0.93. The UBS Bloomberg CMCI (CMCITR:IND) and Reuters/Jefferies CRB (CRYTR:IND) also experienced downturns of 0.41% and 0.51%, respectively. The Rogers International Index (RICIGLTR:IND) reported a decrease of 0.74%. Additionally, the S&P GSCI (SPGSCITR:IND) recorded a significant drop of 1.25%, closing at 3,450.43 on 11/24/2023, with a high of 3,496.29 and a low of 3,442.64.

Shifting to the energy sector, WTI Crude Oil (CL1:COM) and Brent Crude (CO1:COM) both saw decreases of 0.77% and 0.68%, respectively. RBOB Gasoline (XB1:COM) registered an increase of 0.98%, reaching 218.64, with a high of 218.64 and a low of 216.51. Natural Gas (NG1:COM) reported a decline of 2.31%, with a price of 2.79, a change of -0.07, and a high and low of 2.86 and 2.78, respectively. Heating Oil (HO1:COM) exhibited a slight increase of 0.07%, with a price of 283.78, a change of +0.21, and a high and low of 284.07 and 282.71.

Moving to precious and industrial metals, Gold (GC1:COM) increased by 0.55%, closing at USD 2,034.70, with a change of +11.20, and a high and low of 2,040.35 and 2,024.65. Silver (SI1:COM) rose by 1.43%, reaching 25.05, with a change of +0.35, and a high and low of 25.22 and 24.55, respectively. Copper (HG1:COM) experienced a decrease of 0.80%, with a price of 380.20, a change of -3.05, and a high and low of 383.00 and 379.80. Platinum (XPTUSD:CUR) declined by 1.41%, closing at 921.55, with a change of -13.20, and a high and low of 934.75 and 920.00.

In the agriculture sector, Corn (C 1:COM) and Wheat (W 1:COM) both recorded declines of 1.45% and 2.90%, respectively. Cocoa (CC1:COM) reported a 1.00% increase, closing at 4,130.00, with a change of +41.00, and a high and low of 4,147.00 and 4,084.00. Cotton #2 (CT1:COM) and Live Cattle (LC1:COM) experienced decreases of 2.14% and 1.18%, closing at 79.26 and 168.95, with changes of -1.73 and -2.02, and highs and lows of 80.71, 78.70, and 170.60, 168.10, respectively.

On Tuesday, November 28, 2023, a series of economic indicators are scheduled for release. At 9:00 AM EST, the FHFA House Price Index will provide insights into month-over-month and year-over-year changes, with a low impact. Simultaneously, the Case-Shiller Home Price Index will be disclosed, focusing on 20-city adjusted month-over-month, 20-city unadjusted year-over-year, and 20-city unadjusted month-over-month changes, with a medium impact.

At 10:00 AM EST, the Richmond Fed Manufacturing Index will be released, presenting an index with a low impact. Simultaneously, the Consumer Confidence Index, considered a high-impact event, will be disclosed.

Finally, at 1:00 PM EST, Money Supply data will be made public, including month-over-month percentage change, M2 Level, and month-over-month dollar change, with a low impact. The actual results for all these indicators will be known post-release.

Stock Market Trends: The stock markets in the U.S. and Canada may continue to experience modest fluctuations at the beginning of the last week of November. The recent positive trend in the stock and bond markets may persist, with potential for further gains.
Inflation Trends: The PCE inflation report for October is expected to show a decrease in both headline and core inflation rates. The lower inflation readings may contribute to a positive market sentiment. Predictions suggest that headline PCE inflation could fall to 3.1% year-over-year, and core PCE inflation may decline to 3.5%. The expectation is that inflation will continue to moderate in the coming months, although not necessarily in a straight line.
Federal Reserve (Fed) Policy: Investors are likely to closely monitor speeches by FOMC members leading up to the December 13 Federal Reserve meeting. The Bank of Canada's policy meeting on December 6 will also be watched.The information suggests that both the Fed and the Bank of Canada are likely to keep interest rates at their current levels. The market probability of a rate hike at the December FOMC meeting has fallen to about 5%, indicating a perception that the Fed may be on hold for now. The Fed's approach appears to be more moderate, with a focus on balancing the risks of overtightening and doing too little on rate hikes. The likelihood of a gradual reduction in interest rates by the Fed could increase if there is more credibility toward achieving 2.0% core inflation.
Market Reaction to Fed Policy: Assuming the economy is not in a deep downturn, markets may positively respond to the idea that the Fed is potentially on hold for the near term and may consider lowering rates in the future. The market's embrace of the notion that both inflation and rates could be normalizing over time may continue, particularly if the Fed signals a gradual reduction of interest rates in the months ahead.

Previous update:

The stock market experienced a lackluster and subdued trading day marked by minimal excitement and light volume. This atypical session concluded early at 1:00 p.m. ET, leaving traders questioning the activity, particularly evident in the SPDR S&P 500 ETF (SPY). The market-cap weighted S&P 500 exhibited limited movement, trading within a seven-point range, primarily influenced by the weaker performance of mega-cap stocks offsetting gains in other areas. Notably, the S&P 500 Equal-Weight ETF (RSP) closed 0.3% higher, while the Vanguard Mega-Cap Growth ETF (MGK) finished 0.3% lower, resulting in the market-cap weighted S&P 500 ending the session with fractional gains.

During this abbreviated session, NVIDIA (NVDA) drew attention as it faced pressure following reports that the company is delaying its China AI chip. Apple (AAPL) also experienced setbacks after a Reuters report suggested a year-over-year decline in smartphone sales during China's Singles Day, contrasting with strong double-digit growth for competitors Huawei and Xiaomi.

The Nasdaq underperformed, influenced by losses in NVIDIA, Alphabet (GOOG), Meta Platforms (META), and Microsoft (MSFT). Meanwhile, retail stocks took the spotlight due to Black Friday, the official kickoff of the holiday shopping season, with the SDPR S&P Retail ETF (XRT) closing with a 0.6% gain.

S&P 500 sector performance showed mostly positive trends, with nine sectors recording gains ranging from 0.1% to 0.5%. Communication services (-0.7%) and information technology (-0.3%) were the only sectors experiencing losses.

Advancers outnumbered decliners by over a 2-to-1 margin at both the NYSE and the Nasdaq. Economic data for November included a preliminary S&P Global US Manufacturing PMI of 49.4, compared to October's final reading of 50.0, and a preliminary S&P Global US Services PMI of 50.8, slightly up from October's final reading of 50.6.

In the bond market, the 10-year Note experienced a slight decrease of 5/32, resulting in a yield of 4.47%. The NYSE saw 2037 advancing stocks and 732 declining stocks, with a trading volume of 376 million. The Nasdaq reported 2840 advancing stocks, 1239 declining stocks, and a trading volume of 2.53 billion.

Looking at industry performance, strength was observed in energy, materials, health care, consumer staples, industrials, financials, real estate, and utilities. On the flip side, communication services and information technology exhibited weakness.

Factors influencing the market included a lack of conviction in trading activity on the Friday following Thanksgiving, NVIDIA's decline due to the reported delay in its China AI chip, relative weakness in the mega-cap space, and the early market close at 1:00 p.m. ET.

In the United States, stock indices displayed varied movements. The Dow recorded a positive shift, reaching 35,390.15, indicating a change of +117.12 points or a 0.33% increase. Conversely, the S&P 500 experienced a marginal uptick, closing at 4,559.34 with a change of +2.72 points, reflecting a 0.06% gain. The NASDAQ, however, saw a slight decrease, settling at 14,250.85 with a change of -15.00 points, representing a 0.11% decline. The VIX, a measure of market volatility, stood at 12.46, marking a decrease of -0.39 points or a 3.04% reduction. In Canada, the S&P/TSX Composite index exhibited a small decline, closing at 20,103.11, down by -13.55 points or 0.07%. The S&P/TSX 60 in Canada experienced a minimal decrease, reaching 1,211.41, down by -1.21 points or 0.10%. In Brazil, the BOVESPA index displayed a decrease, closing at 125,517.27 with a change of -1,058.48 points, indicating a 0.84% decline. The S&P IPSA in Chile recorded a decrease, settling at 5,776.74 with a change of -30.45 points, representing a 0.52% drop. In Mexico, the S&P/BMV IPC index experienced a modest decline, closing at 52,938.42, down by -121.12 points or 0.23%.

In the European markets, various indices displayed mixed movements. The STOXX Europe 50 in Europe closed at 3,981.75, marking an increase of +12.36 points or a 0.31% rise. The STOXX Europe 600 also saw a positive shift, closing at 459.98 with a change of +1.51 points, reflecting a 0.33% gain. However, the FTSE 250 in the United Kingdom experienced a slight decline, settling at 18,458.10, down by -22.73 points or 0.12%. Conversely, the FTSE 100 in the United Kingdom showed a marginal increase, closing at 7,488.20 with a change of +4.62 points, representing a 0.06% uptick. In Germany, the DAX index concluded at 16,029.49, marking an increase of +34.76 points or a 0.22% rise. Italy's FTSE MIB exhibited a positive trend, closing at 29,432.30, up by +196.59 points or 0.67%. The CAC 40 in France also recorded a modest increase, settling at 7,292.80 with a change of +14.87 points, reflecting a 0.20% gain. Additionally, Switzerland's SMI index closed at 10,879.52, with an increase of +27.90 points or 0.26%.

In the Asian markets, the Nikkei 225 in Japan displayed a positive shift, closing at 33,625.53, with an increase of +173.70 points or 0.52%. Hong Kong's Hang Seng index, however, experienced a significant decline, settling at 17,559.42, down by -351.42 points or 1.96%. The Shanghai Composite in China showed a slight decrease, closing at 3,040.97 with a change of -20.88 points or 0.68%, while the Shenzhen Composite in China recorded a decrease of -93.50 points or 0.94%, closing at 9,839.52. Australia's S&P/ASX 200 index saw a modest increase, closing at 7,040.80, with a change of +11.60 points or 0.17%. In South Korea, the KOSPI index exhibited a decline, closing at 2,496.63, down by -18.33 points or 0.73%. Taiwan SE in Taiwan closed at 17,287.42, showing a marginal decrease of -7.13 points or 0.04%. India's Bombay Sensex index experienced a minor decline, closing at 65,970.04, down by -47.77 points or 0.07%.

In the latest trading session, key indices in the Indian stock market reported the following details. The BSE MidCap index closed at 33,610.39, showing a marginal 0.13% increase and a gain of 43.29 points, with its high and low points at 33,722.55 and 33,557.87 on the date of 24/11. Similarly, the BSE Sensex recorded a closing value of 65,970.04, reflecting a slight -0.07% decrease and a loss of -47.77 points, fluctuating between its high of 66,101.64 and the low of 65,894.05. The BSE SmallCap index concluded at 39,807.29, indicating a 0.14% increase and a gain of 56.22 points, ranging from its low of 39,786.13 to the high of 40,008.98 on the date of 24/11. India VIX reported a closing value of 11.3300, with a high at 11.4650 and a low at 8.6775, representing a 0.13% increase and a gain of 0.0150 points on the date of 24/11. Moreover, the NIFTY Midcap 100 index closed at 42,050.45, with its high and low points at 42,193.20 and 41,992.90, resulting in a 0.06% increase and a gain of 23.15 points. The NIFTY Smallcap 100 index wrapped up at 13,827.50, marking a 0.30% increase and a gain of 42.00 points, with its high and low points recorded at 13,905.35 and 13,811.65. The Nifty smallcap 50 index closed at 6,436.05, with a 0.25% increase and a gain of 16.15 points, fluctuating between its high of 6,487.75 and the low of 6,427.85. The Nifty 100 index concluded at 19,812.10, with a high of 19,854.70 and a low of 19,792.75, representing a marginal -0.04% decrease and a loss of -7.30 points on the date of 24/11. Furthermore, the Nifty 200 index wrapped up at 10,676.50, indicating a slight -0.02% decrease and a loss of -2.40 points, with its high at 10,701.10 and the low at 10,668.20. The Nifty 50 index ended at 19,794.70, recording a -0.04% decrease and a loss of -7.30 points, with its high and low points reported at 19,832.85 and 19,768.85. The Nifty 50 USD index reported a closing value of 8,226.14, experiencing a -0.08% decrease and a loss of -6.63 points. The Nifty 50 Value 20 index concluded at 10,562.85, indicating a -0.64% decrease and a loss of -68.10 points. The Nifty 500 index wrapped up at 17,643.50, recording a 0.02% increase and a gain of 4.10 points. The Nifty Midcap 150 index closed at 15,673.50, with its high and low points at 15,708.30 and 15,652.35, resulting in a marginal 0.20% increase and a gain of 31.90 points. The Nifty Midcap 50 index ended at 11,955.25, marking a slight -0.04% decrease and a loss of -5.10 points, with its high and low recorded at 11,993.65 and 11,937.80. The Nifty Next 50 index wrapped up at 46,607.75, showing a -0.15% decrease and a loss of -67.80 points, with its high and low points at 46,819.00 and 46,578.10. The Nifty Smallcap 250 index concluded at 12,984.95, reporting a 0.17% increase and a gain of 22.55 points, fluctuating between its high of 13,055.85 and the low of 12,975.35. Additionally, S&P BSE ALLCAP concluded at 8,132.97, with a high of 8,154.74 and a low of 8,128.78, reflecting a 0.01% increase and a gain of 1.12 points. S&P BSE-100 ended at 20,346.02, with its high and low points at 20,393.75 and 20,328.84, indicating a slight -0.06% decrease and a loss of -11.31 points. S&P BSE-200 finished at 8,733.92, indicating a slight -0.04% decrease and a loss of -3.15 points, with its high at 8,754.84 and the low at 8,728.41. Lastly, S&P BSE-500 wrapped up at 27,903.66, recording a 0.01% increase and a gain of 2.73 points, with its high at 27,972.26 and the low at 27,888.31 on the date of 24/11.

Tesla, Inc. (TSLA) is currently priced at 235.45, showing an increase of 1.24, or 0.53%, with a trading volume of 65 million shares and a 52-week range of 101.81 to 299.29.
Marathon Digital Holdings Inc (MARA) has a price of 11.41, up by 0.49, or 4.49%, accompanied by a trading volume of 42 million shares and a 52-week range of 3.11 to 19.88.
Palantir Technologies Inc. Class A (PLTR) is priced at 19.20, reflecting a decrease of 0.49, or 2.49%, with a trading volume of 40 million shares and a 52-week range of 5.92 to 21.85.
NVIDIA Corporation (NVDA) has a price of 477.76, down by 9.40, or 1.93%, a trading volume of 29 million shares, and a 52-week range of 138.84 to 505.48.
Apple Inc. (AAPL) is currently priced at 189.97, showing a decrease of 1.34, or 0.70%, with a trading volume of 24 million shares and a 52-week range of 124.17 to 198.23.
NIO Inc. Sponsored ADR Class A (NIO) has a price of 7.40, down by 0.07, or 0.94%, a trading volume of 23 million shares, and a 52-week range of 7.00 to 16.18.
Amazon, Inc. (AMZN) is priced at 146.74, up by 0.03, or 0.02%, with a trading volume of 22 million shares and a 52-week range of 81.43 to 147.74.
Ford Motor Company (F) has a price of 10.40, up by 0.14, or 1.36%, along with a trading volume of 22 million shares and a 52-week range of 9.63 to 15.42.
Cleanspark, Inc. (CLSK) is currently priced at 5.58, showing an increase of 0.72, or 14.81%, with a trading volume of 22 million shares and a 52-week range of 1.74 to 7.60.
Advanced Micro Devices, Inc. (AMD) has a price of 122.31, down by 0.20, or 0.16%, with a trading volume of 19 million shares and a 52-week range of 60.05 to 132.83.
iRobot Corporation (IRBT) is currently priced at 41.48, reflecting an increase of 11.65, or 39.08%, with a trading volume of 7 million shares and a 52-week range of 28.23 to 53.25.
SciSparc Ltd. (SPRC) has a price of 10.06, up by 2.62, or 35.22%, accompanied by a trading volume of 17 million shares and a 52-week range of 2.80 to 34.58.
iClick Interactive Asia Group Ltd. Sponsored ADR (ICLK) is priced at 3.82, showing an increase of 0.82, or 27.33%, with a trading volume of 861 thousand shares and a 52-week range of 1.36 to 5.69.
Grupo Supervielle SA Sponsored ADR Class B (SUPV) has a price of 3.03, up by 0.63, or 26.25%, along with a trading volume of 2 million shares and a 52-week range of 1.61 to 3.57.
Sight Sciences, Inc. (SGHT) is currently priced at 3.10, showing an increase of 0.60, or 24.00%, with a trading volume of 472 thousand shares and a 52-week range of 1.04 to 15.29.
AMTD Digital, Inc. Sponsored ADR (HKD) is priced at 4.92, up by 0.94, or 23.62%, with a trading volume of 7 million shares and a 52-week range of 3.67 to 37.72.
Inotiv, Inc. (NOTV) has a price of 2.84, up by 0.51, or 21.89%, with a trading volume of 133 thousand shares and a 52-week range of 1.61 to 8.88.
Crexendo, Inc. (CXDO) is currently priced at 3.16, reflecting an increase of 0.56, or 21.54%, with a trading volume of 257 thousand shares and a 52-week range of 1.24 to 3.27.
Gyre Therapeutics Inc (GYRE) is priced at 19.41, up by 3.30, or 20.48%, accompanied by a trading volume of 268 thousand shares and a 52-week range of 2.83 to 19.96.
Gyre Therapeutics Inc (CBIO) has a price of 19.41, up by 3.30, or 20.48%, with a trading volume of 266 thousand shares and a 52-week range of 2.83 to 19.96.
Axcella Health, Inc. (AXLA) is currently priced at 3.20, reflecting a decrease of 1.38, or 30.13%, with a trading volume of 43 thousand shares and a 52-week range of 2.00 to 41.25.
Newcourt Acquisition Corp. Class A (NCAC) has a price of 11.75, down by 2.80, or 19.24%, accompanied by a trading volume of 8 thousand shares and a 52-week range of 10.24 to 14.55.
Tantech Holdings Ltd. (TANH) is priced at 2.17, showing a decrease of 0.48, or 18.11%, with a trading volume of 117 thousand shares and a 52-week range of 0.83 to 7.97.
Fitell Corporation (FTEL) has a price of 1.86, down by 0.37, or 16.59%, along with a trading volume of 4 thousand shares and a 52-week range of 0.93 to 5.26.
Verde Clean Fuels, Inc. Class A (VGAS) is currently priced at 2.64, reflecting a decrease of 0.45, or 14.56%, with a trading volume of 6 thousand shares and a 52-week range of 2.64 to 21.00.
Leap Therapeutics, Inc. (LPTX) has a price of 2.46, down by 0.40, or 13.81%, with a trading volume of 666 thousand shares and a 52-week range of 1.24 to 10.20.
SenesTech, Inc. (SNES) is priced at 2.17, showing a decrease of 0.29, or 11.79%, with a trading volume of 140 thousand shares and a 52-week range of 2.00 to 80.95.
MSP Recovery, Inc. Class A (LIFW) is currently priced at 4.52, reflecting a decrease of 0.59, or 11.55%, with a trading volume of 647 thousand shares and a 52-week range of 1.05 to 43.50.
Richtech Robotics Inc. Class B (RR) has a price of 4.62, down by 0.59, or 11.32%, accompanied by a trading volume of 130 thousand shares and a 52-week range of 4.50 to 6.54.
Signing Day Sports, Inc. (SGN) is priced at 2.00, showing a decrease of 0.25, or 11.11%, with a trading volume of 215 thousand shares and a 52-week range of 1.35 to 5.09.

In the cryptocurrency market, the Nasdaq Crypto Index closed at 2,101.83, with a change of +25.54 points or 1.23%. Bitcoin recorded a positive shift, closing at 37,847.00 with an increase of +549.00 points or 1.47%. Ether also saw a gain, closing at 2,086.30 with a change of +23.60 points or 1.14%. Litecoin closed at 70.63, exhibiting an increase of +1.12 points or 1.61%, while XRP closed at 0.62, with a marginal change of +0.00 points or 0.06%.

In the currency market, the Euro to US Dollar exchange rate closed at 1.0947, showing an increase of 0.41%. The British Pound to US Dollar exchange rate increased to 1.2605, up by 0.59%. The US Dollar to Canadian Dollar exchange rate closed at 1.3637, reflecting a decrease of 0.44%. The US Dollar to Swiss Franc exchange rate decreased to 0.8828, down by 0.15%. The US Dollar to Japanese Yen exchange rate closed at 149.4470, with a minor decrease of points or 0.08%.

In the bonds and rates market, various Treasury yields experienced changes. The 3 Month Treasury yield closed at 5.277%, with an increase of +0.030 points. The 2 Year Treasury yield closed at 4.955%, reflecting an increase of +0.064 points. The 5 Year Treasury yield closed at 4.490%, with a change of +0.058 points. The 10 Year Treasury yield closed at 4.469%, showing an increase of +0.059 points. The 30 Year Treasury yield closed at 4.602%, with a change of +0.061 points.

In the commodity market overview, various indices and energy prices experienced fluctuations during the trading session. The Bloomberg Commodity Index (BCOMTR:IND) closed at 231.60, reflecting a change of -1.68 points or -0.72%. The UBS Bloomberg CMCI (CMCITR:IND) recorded a value of 1,522.27, with a change of -10.26 points or -0.67%. The Reuters/Jefferies CRB Index (CRYTR:IND) decreased by 3.44 points or -1.10%, closing at 309.15. Similarly, the Rogers International Commodity Index (RICIGLTR:IND) showed a decrease of 36.09 points or -0.96%, settling at 3,711.09. The S&P GSCI Index (SPGSCITR:IND) concluded at 3,494.00, with a change of -28.29 points or -0.80% as of November 22, 2023.

In the energy sector, WTI Crude Oil (CL1:COM) on Nymex was priced at USD 75.54 per barrel, indicating a decrease of -1.56 points or -2.02%, while Brent Crude (CO1:COM) on ICE stood at USD 80.58 per barrel, with a change of -0.84 points or -1.03%. RBOB Gasoline (XB1:COM) on Nymex experienced a notable decline of -6.73 points or -3.01%, closing at 216.51 US cents per gallon. Natural Gas (NG1:COM) on Nymex decreased by -0.04 points or -1.45%, settling at USD 2.86 per MMBtu, and Heating Oil (HO1:COM) recorded a decrease of -5.34 points or -1.85%, closing at 283.57 US cents per gallon.

In the precious and industrial metals category, Gold (GC1:COM) on Comex showed an increase of +10.30 points or +0.51%, closing at USD 2,023.50 per troy ounce. Silver (SI1:COM) on Comex experienced a notable gain of +0.66 points or +2.74%, settling at USD 24.69 per troy ounce. Copper (HG1:COM) on Comex increased by +2.40 points or +0.63%, closing at 383.25 US cents per pound. Platinum Spot (XPTUSD:CUR) showed an increase of +16.29 points or +1.77%, closing at USD 934.75 per troy ounce. Gold Spot (XAUUSD:CUR) recorded an increase of +8.57 points or +0.43%, concluding at USD 2,000.82 per troy ounce.

In the agriculture sector, Corn (C 1:COM) on CBOT decreased by -5.25 points or -1.08%, settling at 482.50 US cents per bushel, and Wheat (W 1:COM) on CBOT experienced a decline of -7.25 points or -1.24%, closing at 577.25 US cents per bushel. Cocoa (CC1:COM) on ICE increased by +5.00 points or +0.12%, settling at USD 4,089.00 per metric ton. Cotton #2 (CT1:COM) on ICE showed a slight gain of +0.09 points or +0.11%, closing at 80.99 US cents per pound. Live Cattle (LC1:COM) on CME exhibited a decrease of -4.30 points or -2.45%, closing at 170.98 US cents per pound.

Market Stability and Flatline Performance: The recent close of U.S. stocks near the flatline following Thanksgiving, along with the TSX showing a similar trend, suggests a period of market stability. This could continue in the near term, with minimal changes in stock values.
Consumer Spending Pressure: The contraction in core retail sales by 0.3% month-over-month may indicate pressure on discretionary spending from consumers, possibly due to higher interest rates. If this trend persists, it could impact the performance of retail and related sectors in the coming months.
Interest Rate Trends: The modest increase in yields, with the 10-year Government of Canada bond yield at around 3.73% and the U.S. 10-year Treasury yield at approximately 4.45%, suggests a potential upward trend in interest rates. Monitoring these yields can provide insights into the overall economic conditions and investor sentiment.
Asian Market Dynamics: The mixed performance of Asian markets, with the Japanese Nikkei logging a modest gain and Chinese markets being broadly lower, indicates regional variations. This trend may continue, and investors should pay attention to developments in Asian markets for potential global market implications.
Oil Price Volatility: The decline in oil prices to around $76 per barrel indicates ongoing volatility in the commodity markets. Investors should monitor oil prices closely, as they can impact energy sector performance and have broader economic implications.
Focus on Inflation and Home Prices: With the upcoming U.S. October personal consumption expenditures (PCE) inflation report and the S&P/Case-Shiller Home Price Index release, attention will likely be on inflation trends and housing market dynamics. Lower shelter inflation readings, as anticipated, could contribute to lower future inflation, influencing market expectations.
Broadening Equity Performance: The broad-based rally in November, with the TSX and S&P 500 showing significant gains, reflects a positive trend in equity markets. Sectors such as information technology, consumer discretionary, and communication services have been top performers. The expected continuation of broadening leadership into 2024, driven by lower inflation and potential interest-rate cuts, suggests a favorable environment for diversified equity portfolios.

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