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US Stock Market Roiled on Turkish Uncertainty

Aug 13, 2018

US Market Snapshot                                                                                                                                                        Start Your Free Trial Today

  • Investor outlook for US continues to move lower, as concern persists regarding the reprecussions of economic instability in Turkey
  • The S&P 500 is currently down 0.71%, Nasdaq Composite is down 0.67%, and Russell 2000 is down 0.24%
  • Energy (+0.27%), Industrials (-0.81%), and Financials (-1.16%) stocks are the top performers in the S&P 500 today
  • Utilities (-0.4%), Real Estate (-1.01%), and Consumer Staples (-0.32%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is negative with the advance/decline ratio for the S&P 500 currently at 0.56x
  • 35 stocks in the S&P500 are at 4-week highs while 56 stocks are at 4-week lows
  • 19 stocks in the S&P 500 are overbought while 23 stocks are oversold according to the 16-day RSI Measure
  • 140 stocks in the Nasdaq Composite are at 4-week highs while 195 stocks are at 4-week lows
  • 245 stocks in the Nasdaq Composite are overbought while 350 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 14.02 from yesterday's close of 13.16

US Treasuries

  • US 2-Year Treasury higher with yields down 1.24 basis points to 2.5918%
  • US 5-Year Treasury higher with yields down 1.87 basis points to 2.7261%
  • US 10-Year Treasury higher with yields down 1.27 basis points to 2.8605%
  • The US Treasury 2s-5s Spread has narrowed 0.63 basis points to 0.13%
  • The US Treasury 2s-10s Spread has narrowed 0.03 basis points to 0.27%
  • US Treasury 5s-10s Spread has widened 0.6 basis points to 0.13%

Currencies

  • EUR€ is currently little changed against the USD$ at 1.1402
  • GBP£ is currently little changed against the USD$ at 1.2764
  • CHF is currently little changed against the USD$ at 1.0057
  • JPY¥ is currently down 0.226% against the USD$ to 110.58

Commodities

  • WTI Crude is currently up 1.23% to USD$67.63/bbl with the Brent-WTI spread down USD$1.26 to USD$4.41/bbl
  • Gold is currently down 0.93% to USD$1199.36/oz

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Dycom Industries (DY) has lowered its profit and revenue outlook for FY2019. Dycom stock has been downgraded at B.Riley to neutral from a buy rating, citing concerns about waning customer spending on fiber network as a catalyst for the downgrade. Dycom stock has declined 21.21% to $70.68 today

Goodyear Tire & Rubber (GT) has been downgraded at Morgan Stanley to equal-weight from an overweight rating. Goodyear has lowered the guidance for its FY2018 operating income by 20% since the beginning of the year, driving Morgan Stanley’s decision to downgrade the company. Goodyear Tire is trading 3.87% lower to $23.34

Netflix (NFLX) shares have fallen 0.45% today to $344.30 following reports that company CFO David Wells plans to step down from his position once a suitable successor is identified. Wells has served in his role as CFO of Netflix for 8 years

Scott’s Miracle-Gro (SMG) stock has slid 3.33% to $72.84 in today’s trading. The company is the exclusive distributor and marketer of Monsanto’s (MON) Roundup weed-killer product. A jury has ruled that Monsanto will be fined $289 in cancer related claims stemming from the use of Roundup, which has raised concerns about the impact of the decision on Scott’s Miracle-Gro

Data in Price Return; Source: Stockdio

S&P 500 Sector ETFs - Intraday

Data in Price Return; Source: Stockdio

Russell 1000 Factor ETFs - Intraday 

Data in Price Return; Source: Stockdio

S&P 500 Movers

Outperformers Sector Price 1D% CHG Volume
Helmerich & Payne Inc Energy 62.5 3.50%            40,892.00
Take-Two Interactive Software Inc Information Technology 130 2.88%          281,461.00
Electronic Arts Inc Information Technology 132 2.74%          639,828.00
Flowserve Corp Industrials 50.1 2.52%            47,713.00
Concho Resources Inc Energy 136 2.14%            74,045.00
Underperformers Sector Price 1D% CHG Volume
News Corp Consumer Discretionary 13.5 -13.50%          717,903.00
News Corp Consumer Discretionary 13.8 -12.66%          201,272.00
Microchip Technology Inc Information Technology 87.2 -10.88%          593,841.00
Brighthouse Financial Inc Financials 39.8 -6.29%          241,172.00
Sealed Air Corp Materials 39.5 -4.10%            82,239.00

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