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Positive Earnings Surprise Propel the S&P500 to its Fifth Weekly Gain

Aug 03, 2018

US Market Snapshot

  • The S&P 500 finished up 0.46%, Nasdaq Composite up 0.12%, and Russell 2000 is down 0.52%
  • Real Estate (+1.28%), Consumer Staples (+1.17%), and Utilities (+1.03%) stocks were the top performers in the S&P 500 today
  • Consumer Discretionary (+0.33%), Industrials (+0.09%), and Energy (-0.47%) stocks were the worst performers in the S&P 500 today
  • Investor sentiment for US stocks finished positive with the advance/decline ratio for the S&P 500 closing at 2.45x
  • 54 stocks in the S&P 500 hit 4-week highs while 52 stocks reached 4-week lows
  • 37 stocks in the S&P 500 closed overbought while 15 stocks closed oversold according to the 16-day RSI Measure
  • 118 stocks in the Nasdaq Composite hit 4-week highs while 169 stocks reached 4-week lows
  • 266 stocks in the Nasdaq Composite closed overbought while 443 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 11.64 after closing at 12.19 yesterday

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -1.82 basis points to 2.6452%
  • US 5-Year Treasury Bonds are higher with yields down -4.06 basis points to 2.8142%
  • US 10-Year Treasury Bonds are higher with yields down -3.53 basis points to 2.9506%
  • The US Treasury 2s-5s Spread has narrowed 2.24 basis points to 0.17%
  • The US Treasury 2s-10s Spread has narrowed 1.71 basis points to 0.31%
  • US Treasury 5s-10s Spread has widened 0.53 basis points to 0.14%

Commodities

  • WTI Crude is down -0.68% to USD$68.49/bbl with the Brent-WTI spread up USD$0.75 to USD$4.21/bbl
  • Gold is up 0.48% to USD$1213.62/oz

Currencies

  • EUR€ is down 0.173% against the USD$ in after hours to 1.1565
  • GBP£ is little changed 0.108% against the USD$ in after hours to 1.3003
  • CHF is little changed 0.109% against the USD$ in after hours to 1.0058
  • JPY¥ is down 0.34% against the USD$ in after hours to 111.28

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Dish Network (DISH) expects to complete its wireless network on time, according to CEO Erik Carlson on today's earnings conference call.dish  Dish earlier delivered solid 2Q results with churn below expectations at only 1.46% ans EPS of US$0.83 well ahead of US$0.71 consensus
Take Two Interactive (TTWO) saw share climb 9% in today's trading after posting 2Q results wit both revenues and earnings that beat the highest analyst estimates
Groupon (GRPN) reported 2Q results below estimates with revenue of US$617.4mn vs US$633.8mn expected, affirmed FY2018 guidance of ebitda US$280-290mn which is in line with consensus

US Markets End of Day Snapshot

Data in Price Return; Source: Stockdio

S&P 500 Sector ETFs - End of Day

Data in Price Return; Source: Stockdio

Russell 1000 Factor ETFs - End of Day

Data in Price Return; Source: Stockdio