Stock Market Today: Dow Closes Up, But Turbulent Tech Trips Up Nasdaq
by Kyle Woodley
Nov 23, 2021
2 minutes
The market continued its recent split, with cyclical sectors such as energy (+3.0%) and financials (+1.5%) building upon yesterday's gains while mega-cap technology and tech-esque stocks receded again.
President Joe Biden on Tuesday announced the release of 50 million barrels of oil from the nation's strategic reserves to rein in high gas prices. And yet, U.S. crude oil futures 2.3% to $78.50 per barrel, buoying most of the energy sector, especially exploration and production plays such as (, +6.4%) and (, +5.8%).
You’re reading a preview, subscribe to read more.
Start your free 30 days