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© 2026 Benzinga | All Rights Reserved
November 27, 2023 1:14 PM 4 min read

US Stocks Slip, Tech Rises On Solid Holiday Sales, Treasury Yields Soften: What's Driving Markets Monday?

by Piero Cingari Benzinga Staff Writer
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U.S. stocks are kicking off the week with a slight dip, as all major indices trade in the red in New York, except for the tech stocks of the Nasdaq 100, which are showing positive momentum following the release of encouraging data after Black Friday.

Initial data from Adobe and Salesforce indicates robust Black Friday online sales, slightly surpassing expectations, according to Bank of America. Overall, online sales have outperformed offline ones, a sentiment also echoed by Goldman Sachs, which noted subdued in-store traffic, with no lines forming during opening hours.

Treasury yields are once again declining as investors increasingly anticipate a soft landing for the economy. The dollar remains stable while the price of gold edges higher to reach $2,010 per ounce. Oil prices dipped with the oil producers’ meeting scheduled for Thursday.

Performance Of US Stock Indices Monday

IndexPerformance (+/-)Value
Nasdaq 100+0.23%16,018.60
S&P 500 Index-0.09%4,555.39
Dow Industrials-0.30%35,293.15
Russell 2000-0.45%1,799.42
  • The SPDR S&P 500 ETF Trust (ARCA: SPY) eased 0.07% to $455.03.
  • The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) edged 0.2% lower to $352.96. 
  • The Invesco QQQ Trust (NASDAQ: QQQ) rose 0.25% to $390.45.
  • The iShares Russell 2000 ETF (NYSE:IWM) fell 0.45% to $178.53, according to Benzinga Pro data.

Chart Of The Day: S&P 500 Eyes Best Month Since July 2022

Sector, Industry ETF Performance

Real estate stocks led gains among equity sectors, with the Real Estate Select Sector SPDR Fund (NYSE:XLRE) up 0.6%, followed by consumer discretionary, with the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) up 0.5%.

Energy was the laggard, with the the Energy Select Sector SPDR Fund (NYSE:XLE) down 1%.

Gold miners outperformed among equity industries, with the VanEck Gold Miners ETF (NYSE:GDX) up 0.9%.

Solar stocks, as tracked by the Invesco Solar ETF (NYSE:TAN), continue to underperform, down by 1.52%, after tumbling 1.9% on Friday.

Latest Economic Data

Building permits rose by 1.8% to a seasonally adjusted annual rate of 1.498 million, slightly above the preliminary estimate of 1.487 million.

Stocks In Focus

Commodities, Bonds, Other Global Equity Markets And Crypto

The United States Oil Fund, LP (NYSE:USO), which tracks the performance of light sweet crude, was 1.8% lower.

Gold, as monitored through the SPDR Gold Trust (NYSE:GLD), rose 0.4% to $2,010/oz. Silver rose 1.3% to $24.62.

As yields declined, bond soared, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) up 0.9%.

European equity indices fell. The SPDR DJ Euro STOXX 50 ETF  (NYSE:FEZ) edged down 0.5%.

Bitcoin (CRYPTO: BTC) was 1.5% down to $36,918.50, while Ethereum (CRYPTO: ETH) fell 2.5% to $2,012.81.

Shanthi Rexaline contributed to this report.

Read Next: Cyber Monday Sales Could Hit $12 Billion: 5 Stocks Plays On E-Commerce Holiday Shopping Growth

Photo: Shutterstock.

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Posted In:
CryptocurrencyEquitiesMacro Economic EventsSector ETFsBondsBroad U.S. Equity ETFsSpecialty ETFsNew ETFsCommoditiesTreasuriesTop StoriesEconomicsMarketsTechETFsmidday updateStories That Matter
BTC/USD Logo
$BTCBitcoin
$66415.60-1.56%
Overview
ETH/USD Logo
$ETHEthereum
$1946.44-2.22%
ALB Logo
ALBAlbemarle Corp
$170.00-0.71%
BBY Logo
BBYBest Buy Co Inc
$66.960.07%
CCI Logo
CCICrown Castle Inc
$87.43-%
DIA Logo
DIASPDR Dow Jones Industrial Average ETF
$496.89-0.02%
DPZ Logo
DPZDomino's Pizza Inc
$382.99-%
FEZ Logo
FEZState Street SPDR EURO STOXX 50 ETF
$68.280.01%
FSLR Logo
FSLRFirst Solar Inc
$237.00-0.66%
GDX Logo
GDXVanEck Gold Miners ETF
$102.38-0.18%
GLD Logo
GLDSPDR Gold Shares
$457.50-0.17%
IWM Logo
IWMiShares Russell 2000 ETF
$263.80-0.07%
KGC Logo
KGCKinross Gold Corp
$34.35-0.61%
MELI Logo
MELIMercadoLibre Inc
$1999.00-0.50%
NVDA Logo
NVDANVIDIA Corp
$187.85-0.07%
OIH Logo
OIHVanEck Oil Services ETF
Not Available-%
TAN Logo
TANInvesco Solar ETF
Not Available-%
TLT Logo
TLTiShares 20+ Year Treasury Bond ETF
$89.590.07%
TTD Logo
TTDThe Trade Desk Inc
$25.510.04%
USO Logo
USOUnited States Oil Fund
$79.40-%
WOOF Logo
WOOFPetco Health and Wellness Co Inc
$2.55-%
XLC Logo
XLCState Street Communication Services Select Sector SPDR ETF
Not Available-%
XLE Logo
XLEState Street Energy Select Sector SPDR ETF
$54.850.13%
XLK Logo
XLKState Street Technology Select Sector SPDR ETF
$140.83-0.06%
XLRE Logo
XLREState Street Real Estate Select Sector SPDR ETF
Not Available-%
XLV Logo
XLVState Street Health Care Select Sector SPDR ETF
$157.770.06%
XLY Logo
XLYState Street Consumer Discretionary Select Sector SPDR ETF
Not Available-%
ZM Logo
ZMZoom Communications Inc
$90.95-0.19%
KLC Logo
KLCKinderCare Learning Companies Inc
$4.24-%

October 2023 saw the U.S. housing market display mixed signals with a downturn in new home sales but an uptick in building permits.  Sales of new single-family houses reached a seasonally adjusted annual rate of 679,000 in October, implying a 5.6% decrease from September's revised rate of 719,000.

  • The Trade Desk, Inc. (NASDAQ:TTD), MercadoLibre, Inc. (NASDAQ:MELI) and Zoom Video Communications, Inc. (NASDAQ:ZM), led gains among Nasdaq 100 stocks, up 3.9%, 3.8% and 1.7%, respectively.
  • Domino’s Pizza Inc. (NYSE:DPZ) was the S&P 500’s best performer for the day, up 4.5% as TD Cowen raised its price target from $410 to $430.
  • Crown Castle Inc. (NYSE:CCI) experienced a 4% rally, reaching its highest level since late July, as activist investor Elliott Management acquired over $2 billion worth of stock in the wireless tower company.
  • Some of the worst-performing stocks include Albemarle Corp. (NYSE:ALB), WK Kellog Co (NYSE:KLC) and Petco Health And Wellness Co Inc. (NASDAQ:WOOF), with each of them experiencing a decline of approximately 5%.
BTC/USD Logo
$BTCBitcoin
$66415.60-1.56%
Overview
ETH/USD Logo
$ETHEthereum
$1946.44-2.22%
ALB Logo
ALBAlbemarle Corp
$170.00-0.71%
BBY Logo
BBYBest Buy Co Inc
$66.960.07%
CCI Logo
CCICrown Castle Inc
$87.43-%
DIA Logo
DIASPDR Dow Jones Industrial Average ETF
$496.89-0.02%
DPZ Logo
DPZDomino's Pizza Inc
$382.99-%
FEZ Logo
FEZState Street SPDR EURO STOXX 50 ETF
$68.280.01%
FSLR Logo
FSLRFirst Solar Inc
$237.00-0.66%
GDX Logo
GDXVanEck Gold Miners ETF
$102.38-0.18%
GLD Logo
GLDSPDR Gold Shares
$457.50-0.17%
IWM Logo
IWMiShares Russell 2000 ETF
$263.80-0.07%
KGC Logo
KGCKinross Gold Corp
$34.35-0.61%
MELI Logo
MELIMercadoLibre Inc
$1999.00-0.50%
NVDA Logo
NVDANVIDIA Corp
$187.85-0.07%
OIH Logo
OIHVanEck Oil Services ETF
Not Available-%
TAN Logo
TANInvesco Solar ETF
Not Available-%
TLT Logo
TLTiShares 20+ Year Treasury Bond ETF
$89.590.07%
TTD Logo
TTDThe Trade Desk Inc
$25.510.04%
USO Logo
USOUnited States Oil Fund
$79.40-%
WOOF Logo
WOOFPetco Health and Wellness Co Inc
$2.55-%
XLC Logo
XLCState Street Communication Services Select Sector SPDR ETF
Not Available-%
XLE Logo
XLEState Street Energy Select Sector SPDR ETF
$54.850.13%
XLK Logo
XLKState Street Technology Select Sector SPDR ETF
$140.83-0.06%
XLRE Logo
XLREState Street Real Estate Select Sector SPDR ETF
Not Available-%
XLV Logo
XLVState Street Health Care Select Sector SPDR ETF
$157.770.06%
XLY Logo
XLYState Street Consumer Discretionary Select Sector SPDR ETF
Not Available-%
ZM Logo
ZMZoom Communications Inc
$90.95-0.19%
KLC Logo
KLCKinderCare Learning Companies Inc
$4.24-%
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