Jake Novak's Morning Business Briefing 11/21

STOCKS/ECONOMY

-Stock futures are higher after Wednesday's 140-point gain for the Dow, breakeven close for the S&P 500, and a 0.1 percent drop for the Nasdaq. Investors continue to react to some key earnings reports and another surge in bitcoin prices. 

-The yield on the 10-year Treasury bond is down to 4.39 percent. 

-Gold is up to the $2,668 per ounce level. Bitcoin is up the $97,900 level. 

-Asian markets closed lower today. The Nikkei fell 0.9 percent, the Hang Seng lost 0.5 percent, and the Shenzhen dropped 0.1 percent. 

OIL/ENERGY

-U.S. crude prices are up 2 percent and back to the $70 a barrel level. 

-The oil price rise is in response to reports that Russia has fired an intercontinental ballistic missile at Ukraine for the first time in the war. 

-Gasoline prices are holding at $3.06 a gallon, national average. 

NVIDIA EFFECT

-Nvidia (NVDA) reported better than expected quarterly profits and revenues, but investors focused on the fact that revenue growth slowed. Nvidia shares were down more significantly overnight, but are now just down by 1 percent in the premarket. 

OTHER KEY EARNINGS

-Williams Sonoma (WSM) reported better than expected quarterly profits. It's shares are up 1 percent in the premarket after soaring 27.5 percent Wednesday to an all-time high. 

-BJ's Wholesale Club (BJ) reported better than expected quarterly profits and raised its forward guidance. Its shares are up 5 percent in the premarket. 

-Data analytics software maker Snowflake (SNOW) reported better than expected quarterly profits and revenues. Its shares are up 23 percent in the premarket. 

GOOGLE BATTLE

-The U.S. Justice Department says Google should sell off its Chrome browser business for antitrust reasons. Google parent Alphabet will fight any breakup in court. Its shares are down 1 percent in the premarket.