Daily Report 12.11.2021
Објавено: 12. 11. 2021

Nasdaq rebounds after inflation-driven sell-off, Disney weighs on the Dow; European stocks close higher as investors weigh inflation, earnings 
The Nasdaq Composite rebounded Thursday after hot inflation data and surging bond yields sparked a sell-off in technology stocks in the previous session. 
The tech-heavy Nasdaq gained 0.5% to close at 15,704.28. The S&P 500 closed marginally higher at 4,649.27. The Dow Jones Industrial Average shed 158.71 points, or 0.4%, to 35,921.23 — pulled down by Disney’s 7% drop. 
Disney shares fell after the media giant missed on the top and bottom lines of its quarterly results. Disney+ subscribers also came in short of estimates. 
Wednesday’s inflation report showed the consumer price index, which tracks a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% in October from a year ago, hitting its highest level in three decades. 

The pan-European Stoxx 600 closed up by 0.3% provisionally, boosted by a 3.7% surge in mining shares. At the opposite end, Europe’s basket of travel and leisure stocks dipped around 1.1%. 
Siemens beat sales and profit expectations for the quarter and projected further profitable growth as it expects supply chain bottlenecks to ease in 2022. Shares of the German industry group climbed 2.8%. 
Source: CNBC, Investing.com