S&P 500, Nasdaq eke out gains | Fed meeting minutes on addressing inflation | Cathie Wood’s aggressive strategy

It has been an uninspiring week on Wall Street.

VIEW IN BROWSER | SUBSCRIBE WED, NOV 24, 2021 EVENING BRIEF AS OF WED, NOV 24, 2021 • 04:57 ET DJIA 35804.38 -0.03% -9.42 S&P 500 4701.46 +0.23% +10.76 NASDAQ 15845.23 +0.44% +70.09   Most Active DOW NAME LAST CHG %CHG AAPL 161.94 +0.53 +0.33% INTC 49.76 +0.66 +1.34% MSFT 337.91 +0.23 +0.07% S&P 500 NAME LAST CHG %CHG F 20.25 +0.05 +0.25% AAPL 161.94 +0.53 +0.33% AMD 157.80 +7.88 +5.26% NASDAQ NAME LAST CHG %CHG AAPL 161.94 +0.53 +0.33% AMD 157.80 +7.88 +5.26% NVDA 326.74 +9.28 +2.92%   EDITOR'S NOTE It has been an uninspiring week on Wall Street, which has seen Treasury yields rise and stocks struggle since President Joe Biden announced on Monday morning that he would renominate Jerome Powell as Fed Chair. The tech-heavy Nasdaq Composite has been a particular weak point, falling more than 1% for the week so far — even with an outperformance on Wednesday.  However, that doesn't mean that Powell is seen as bad news for stocks. In fact, his tenure has been one of the best on record for stocks, according to Ryan Detrick of LPL Financial.    "There are many reasons for Jerome Powell to lead the Fed for another four years," Detrick said in a note to clients. "But one of the best could very well be that stocks have done quite well under his leadership. Do you really think he'd still be in charge if stocks did poorly under him? 'Probably not' is the answer there." LPL's research shows that Dow Jones Industrial Average has gained 40% during Powell's tenure, ranking in the middle of other Fed chairs. If the average rises by a similar amount during his second term, Powell would move ahead of his two predecessors: Ben Bernanke and Janet Yellen.    There are already signs that Powell's second term, if he is confirmed again by the Senate, will be much different from the last four years, which were marked by emergency measures during the Covid pandemic. On Wednesday, the Fed released the minutes from its November meeting, showing that central bankers are preparing to possibly speed up the tapering process and hike rates sooner than some expect if inflation remains high.  Jesse Pound | CNBC Markets Reporter @jesserpound Watch our live stream for all you need to know to invest smarter. TOP NEWS  S&P 500, Nasdaq eke out small gains as jump in Treasury yields cools Three men found guilty in death of Ahmaud Arbery Fed meeting minutes show members ready to raise interest rates if inflation continues to run high Weekly jobless claims post stunning decline to 199,000, the lowest level since 1969 WHO says fully vaccinated should wear masks and physically distance as Covid infections surge Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991 Cathie Wood says her firm is testing a more aggressive strategy that would be 'Ark on steroids' The Black Friday trade: Wall Street's stock winners for the holiday season Elon Musk sold another $1 billion in Tesla shares on Tuesday Germany considers a full Covid lockdown and mandatory vaccines   TOP VIDEO Robinhood must prove it can grow in a bad market, says JPMorgan's Worthington   CNBC PRO Cathie Wood explains why she bought a ton more Zoom Video on the dip   SPECIAL REPORTS Why Thanksgiving dinner could cost more this year 'The most guilt-ridden, nightmare time of year': how to avoid holiday season burnout at work   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS