--- title: "Stock Market Today: November 23, 2021" description: The U.S. stock market put in a volatile session yesterday, as traders digested the much-anticipated news that President Biden had re-nominated Jerome Powell to lead the Federal Reserve for a second term. Looking to the day ahead, the equity futures are currently about mixed to up slightly, which indicates a neutral start to the day. image: https://investor.valueline.com/hubfs/social-suggested-images/iStock_000006488152XSmall-428.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 23, 2021 November 23, 2021 ### **Before The Bell** The U.S. stock market put in a volatile session yesterday, as traders digested the much-anticipated news that President Biden had re-nominated Jerome Powell to lead the Federal Reserve for a second term. The announcement probably came as a relief to investors, as a change in this key position would bring further uncertainty to the market. Nonetheless, given the current inflationary environment, the central bank will still likely need to tighten its monetary policy at some point. Recently, speculation about rising interest rates has led to renewed growth in the financial and energy stocks, while many technology names have encountered bouts of volatility. Overnight, the markets in Europe have been struggling, with the FTSE 100 putting in a muted session. On our shores, the equity futures are currently about mixed to up slightly, which indicates a neutral start to the day. In economic news, few important reports will be released today. However, tomorrow will be packed with announcements in advance of the Thanksgiving holiday. Here, we will get a look at durable goods orders for the month of October, the minutes from the FOMC’s November meeting, and the second estimate for third-quarter GDP. So far, the broader economy and the corporate sector seem to have held up quite well, despite the challenges associated with the coronavirus pandemic. In the corporate arena, a number of widely followed companies weigh in with their results this week. Today, a handful of large technology names report their progress. Analog Devices ([ADI](https://research.valueline.com/research#sec=company&sym=ADI)), a leading semiconductor company, put out a respectable report this morning, and after the market closes, Dell Technologies ([DELL](https://research.valueline.com/research#list=recent&sec=company&sym=dell)) and HP, Inc. ([HPQ](https://research.valueline.com/research#list=recent&sec=company&sym=hpq)) will post their numbers. These issuances will be closely dissected by investors, as supply-chain disruptions have led to severe component shortages and have created challenges across the technology sector, with many corporations struggling to fill orders efficiently despite strong customer demand. Technically, the stock market has managed to advance further during the month of November, despite volatility along the way. Yesterday, the S&P 500 Index encountered some resistance at the 4,740 level. It remains to be seen if this pullback will develop into a longer period of consolidation, or if the market will quickly regain its stride. The fast approaching holiday season will likely also play a role. – Adam Rosner *At the time of this article’s writing, the author did not have positions in any of the companies mentioned.* [![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. 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