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Renewed US-China Trade Talk and Robust Walmart Earnings Drive US Stock Market To Higher Finish

Aug 16, 2018

US Markets End of Day Snapshot                                                                                                                                  Start Your Free Trial Today

  • US equity markets bounced back following yesterday's declines, as optimism regarding the potential easing of Sino-American trade tensions coupled with Walmart's strong earnings results lifted investor outlook
  • The S&P 500 finished up 0.79%, Nasdaq Composite up 0.42%, and Russell 2000 up 0.9%
  • The lagging Dow Jones Industrial had its best single day in over 3 months, with a 1.58% return -- it is up 56 basis points for the month
  • Telecom (+2.01%), Consumer Staples (+1.52%), and Financials (+1.25%) stocks are the top performers in the S&P 500 today
  • Energy (+0.62%), Consumer Discretionary (+0.45%), and Tech (+0.25%) stocks are 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 6.25x
  • 49 stocks in the S&P 500 hit 4-week highs while 86 stocks reached 4-week lows
  • 27 stocks in the S&P 500 closed overbought while 27 stocks closed oversold according to the 16-day RSI Measure
  • 98 stocks in the Nasdaq Composite hit 4-week highs while 255 stocks reached 4-week lows
  • 159 stocks in the Nasdaq Composite closed overbought while 519 stocks closed oversold according to the 16-day RSI Measure
  • The VIX closed  down -1.59 points today  to 13.05 after closing at 14.64 yesterday

Stocks Trending in the News

Click name for Q-Factor score and financial data.

  • Applied Materials (AMAT) are down 4.43% to $45.39 post-market, after the company posted F3Q2018 EPS that was slightly higher than projected ($1.20 vs $1.17 projected) but released a forecasted range for its F4Q2018 EPS that was weaker than anticipated ($0.92 to $1.00 vs $1.17 estimated). 
  • Nvidia (NVDA) released F2Q2019 EPS that was softer than expected ($1.76 vs $1.85 consensus). Nvidia stock has fallen 6.13% to $241.17 following today’s close
  • Kroger Co. (KR), the largest grocery chain in the US, has reportedly begun to test the use of driverless vechicles to facilitate its grocery delivery business. The tests were conducted in a Phoenix, Arizona suberb. Kroger stock advanced 1.56% today
  • Teva Pharmaceutical (TEVA) shares traded 7.30% higher today to $24.11, after the US Food and Drug Administration apporved the company's generic EpiPen product, following a year long delay.
  • Walmart Inc (WMT) annoucned F2Q2018 EPS that beat the consensus ($1.29 vs $.122 projected), and also posted comparable sales growth that was above expectations (+4.5% Y/Y vs +2.5% Y/Y growth anticipated). Walmart stock ended trading 9.33% higher to $98.64

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 1.02 basis points to 2.6184%
  • US 5-Year Treasury Bonds are lower with yields up 1.01 basis points to 2.7447%
  • US 10-Year Treasury Bonds are lower with yields up 0.73 basis points to 2.8696%
  • The US Treasury 2s-5s Spread has narrowed 0.01 basis points to 0.13%
  • The US Treasury 2s-10s Spread has narrowed 0.29 basis points to 0.25%
  • US Treasury 5s-10s Spread has narrowed 0.28 basis points to 0.12%

Currencies

  • EUR€ is up 0.264% against the USD$ in after hours to 1.1375
  • GBP£ is little changed 0.134% against the USD$ in after hours to 1.2714
  • CHF is down 0.288% against the USD$ in after hours to 1.0035
  • JPY¥ is up 0.163% against the USD$ in after hours to 110.92

Commodities

  • WTI Crude is up 0.69% to USD$65.46/bbl with the Brent-WTI spread little changed USD$-0.09 to USD$4.86/bbl
  • Gold is little changed -0.06% to USD$1174.14/oz

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

S&P 500 Movers

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Outperformers Sector Price 1D% CHG Volume
Walmart Inc Consumer Staples 99.4 9.33%      3,213,531.00
Symantec Corp Information Technology 19.9 4.64%      3,887,588.00
Boeing Co/The Industrials 345 4.29%          265,290.00
CenturyLink Inc Telecommunication Services 23.3 3.83%      3,312,837.00
NRG Energy Inc Utilities 33.6 3.62%          162,051.00
Underperformers Sector Price 1D% CHG Volume
Chipotle Mexican Grill Inc Consumer Discretionary 503 -4.41%          270,092.00
NetApp Inc Information Technology 79.5 -3.59%      1,912,062.00
Constellation Brands Inc Consumer Staples 202 -2.78%          770,098.00
Facebook Inc Information Technology 175 -2.69%      7,707,053.00
Viacom Inc Consumer Discretionary 30.1 -2.27%          794,123.00