--- title: "Stock Market Today: November 21, 2022" description: As we approach the start of the holiday-shortened week, stock futures are suggesting a slightly negative open for the major U.S. indexes. image: https://investor.valueline.com/hubfs/social-suggested-images/iStock_000006488152XSmall-358.jpg --- [![The Value Line Blog](https://investor.valueline.com/hubfs/VL%20Blog%20Images/vl_blog_header.png)](https://investor.valueline.com/blog) [Stock Market Today](https://investor.valueline.com/blog/topic/stock-market-today) # Stock Market Today: November 21, 2022 November 21, 2022 As we approach the start of the holiday-shortened week, stock futures are suggesting a slightly negative open for the major U.S. indexes. Elsewhere, most markets in Asia closed down in overnight trading, while the European indexes are mostly in negative territory. Meanwhile, oil prices are down as rising Covid-19 cases in China raise concerns about demand. West Texas Intermediate has fallen about three-quarters of a percentage point, to around $79.50 a barrel. Traders will get to digest more readings on the state of the consumer ahead of Thanksgiving Day, with a slew of retailers all scheduled to report on Tuesday. These include Abercrombie & Fitch ([ANF](https://research.valueline.com/research#sec=company&sym=ANF)), Best Buy ([BBY](https://research.valueline.com/research#sec=company&sym=BBY)), Dick’s Sporting Goods ([DKS](https://research.valueline.com/research#sec=company&sym=DKS)), Dollar Tree ([DLTR](https://research.valueline.com/research#sec=company&sym=DLTR)), and Nordstrom ([JWN](https://research.valueline.com/research#sec=company&sym=JWN)). Investors had enjoyed a bear market rally recently, fueled by favorable reports on inflation. Specifically, October readings for both the Consumer Price Index and Producer Price Index came in lower than expected, sparking hopes that the Federal Reserve would be able to ease up on the monetary brakes. In particular, the central bank has increased its overnight target lending rate six times this year, with its last four meetings each yielding hikes of three-quarters of a percentage point. This has had a notably detrimental effect on the housing market and the homebuilding industry, as mortgage rates have more than doubled this year, putting a severe crimp on new and existing home sales. However, Fed officials indicated that the lead bank will continue raising rates until more evidence emerges that inflation is under control. As a result, although stocks closed on an up note Friday, equities were down for the week. The economic calendar for this week is largely concentrated on Wednesday, which will include the Commerce Department’s reports on durable goods orders and new home sales for October, as well as the minutes from the recent Federal Open Market Committee (FOMC) meeting, among others. Otherwise, trading will likely be light this week, with many traveling ahead of the holiday. The U.S. equity markets will be closed on Thursday in observance of Thanksgiving Day and will close three hours early on Friday. Of course, Black Friday, the day when many consumers traditionally kick off their holiday shopping, will provide more data points for the Fed to sift through ahead of its next meeting, which is scheduled to wrap up on December 14th. – Mario Ferro *At the time of this article’s writing, the author did not have positions in any of the companies mentioned.* [CLICK HERE](https://investors.valueline.com/) for more information on our services or call 1-800-VALUELINE (1-800-825-8354). Our account managers are available Monday through Friday, 8:00 AM to 6:00 PM Eastern Time. [![Register now for our free One Stock to Buy webinar](https://no-cache.hubspot.com/cta/default/2532383/5a80130b-f0ce-4bd8-acbd-f077f2232ec5.png)](https://cta-redirect.hubspot.com/cta/redirect/2532383/5a80130b-f0ce-4bd8-acbd-f077f2232ec5) ### Popular Posts Search Search Blog ### Topics - [Investing 101 (2)](https://investor.valueline.com/blog/topic/investing-101) - [Market Commentary (37)](https://investor.valueline.com/blog/topic/market-commentary) - [Stock Highlights (390)](https://investor.valueline.com/blog/topic/stock-highlights) - [Stock Market Today (2071)](https://investor.valueline.com/blog/topic/stock-market-today) Copyright 2026 Value Line, Inc. All Rights Reserved. Factual material is obtained from sources believed to be reliable and is provided without warranties of any kind. VALUE LINE IS NOT RESPONSIBLE FOR ANY ERRORS OR OMISSIONS HEREIN OR ANY DAMAGES OR LOSSES ARISING FROM ANY USE OF THE INFORMATION CONTAINED HEREIN. This blog is strictly for subscriber's own, non-commercial, internal use. No part of it may be reproduced, stored or transmitted in any printed, electronic or other form, or used for generating or marketing any printed or electronic publication, service or product. Officers, directors, or employees of Value Line, Inc. and its affiliates and subsidiaries, and EULAV Asset Management, may own stocks that are featured in this email. Nothing herein should be construed as an offer to buy or sell securities or to give individual investment advice. Value Line, the Value Line logo, The Most Trusted Name in Investment Research, “Smart research. Smarter investing.”, The Value Line Investment Survey, Timeliness, and Safety are trademarks or registered trademarks of Value Line, Inc. and/or its affiliates in the United States and other countries.