Wealth Daily 12 November 2021

Thursday was a mixed day on Wall Street. Chips and gold were strong, while

Disney (DIS US, -7.0%) dragged down the Dow. Disney announced late on Wed

that Disney+ subscribers and profit fell short of Wall Street expectations.


Dow Jones Industrial Average lost 158.71 pts, or 0.44%, to close at 35,921.23.


The broader S&P 500 index inched up 0.06%. The best performer in the S&P

was copper and gold miner Freeport-McMoRan (FCX US, +9.0%).


The tech-heavy Nasdaq Composite advanced 0.52%. Shares of Advanced

Micro Devices (AMD US, +4.4%) and Nvidia (NVDA US, +3.2%) gained.


Gold futures gained for a sixth straight session. The most actively traded US

gold futures (Dec) contract settled up $15.60, or 0.8%, at US$1,863.90/oz.


The Invesco Golden Dragon China ETF (PGJ US, +5.2%), which tracks 98 of

China’s biggest firms listed in the US, jumped amid growing optimism.



WEALTH DAILY 2021-11-12
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