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US Stocks Broadly Higher Midday, S&P 500 Nears All-Time High

Aug 21, 2018

US Market Snapshot                                                                                                                                                                                     Start Your Free Trial Today

  • US stocks are broadly in the black today, as investors continue to eye Sino-American trade rhetroic for indications of any potential progress.
  • The S&P 500 is currently up 0.47%, Nasdaq Composite is up 0.87%, and Russell 2000 is up 1.2%
  • The S&P 500 is advancing for the 4th consectuive session, and now sits nearly half a percentage point away from an all-time high 
  • Consumer Discretionary (+1.17%), Energy (+1.14%), and Telecom (+0.87%) stocks are the top performers in the S&P 500 today
  • Consumer Staples (-0.77%), Utilities (-0.91%), and Real Estate (-0.98%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is positive with the advance/decline ratio for the S&P 500 currently at 2.07x
  • 137 stocks in the S&P500 are at 4-week highs while 9 stocks are at 4-week lows
  • 67 stocks in the S&P 500 are overbought while 8 stocks are oversold according to the 16-day RSI Measure
  • 141 stocks in the Nasdaq Composite are at 4-week highs while 151 stocks are at 4-week lows
  • 311 stocks in the Nasdaq Composite are overbought while 219 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 12.38 from yesterday's close of 12.49

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Best Buy Co Inc (BBY) shares are trading 2.81% higher to $81.6, after the company’s credit rating was upgraded from BBB- to BBB at Fitch Ratings. Fitch cited Best Buy’s improving market share and upward revenue outlook as catalysts for the upgrade. Best Buy has a “Neutral” rating in our US Large-Cap and US Consumer Discretionary Global Top Picks.
  • Estee Lauder (EL) has fallen 2.90% to $136.48 today, despite being upgraded to a buy from a neutral rating at DA Davidson. Estee Lauder has a “Neutral” rating in our US Large-Cap model and an “Unattractive” rating in our US Consumer Staples Global Top Picks.
  • E*Trade Financial Corp (ETFC) and TD Ameritrade Holdings (AMTD) have declined 3.04% and 5.75%, respectively, following reports that JP Morgan (JPM) will begin offering a digital investing service next week that will provide free/discounted trading, a portfolio building-tool, and free access to JPMorgan stock research. E*Trade Financial Corporation is rated as “Attractive” in our US Large-Cap model, while TD Ameritrade is rated as “Neutral” in our US Large-Cap Global Top Picks.
  • Tesla Inc (TSLA) stock has strong support from younger investors. According to data from free stock-trading app Robinhood, investors under the age of 30 have purchased 30% more shares of Tesla than they have sold while inventors over the age of 30 have been net sellers. Shares of Tesla are up 3.82% to $320.22 today. Tesla has an “Unattractive” rating in both our US Large-Cap and US Consumer Discretionary Global Top Picks. 

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 1.86 basis points to 2.6037%
  • US 5-Year Treasury Bonds are lower with yields up 3.06 basis points to 2.7277%
  • US 10-Year Treasury Bonds are lower with yields up 3.06 basis points to 2.8496%
  • The US Treasury 2s-5s Spread has widened 1.2 basis points to 0.12%
  • The US Treasury 2s-10s Spread has widened 1.2 basis points to 0.25%
  • US Treasury 5s-10s Spread is flat at 0.12%

Currencies

  • EUR€ is currently up 0.488% against the USD$ to 1.1538
  • GBP£ is currently up 0.555% against the USD$ to 1.2869
  • CHF is currently up 0.446% against the USD$ to 1.0131
  • JPY¥ is currently up 0.363% against the USD$ to 110.47

Commodities

  • WTI Crude is currently up 1.23% to USD$67.25/bbl with the Brent-WTI spread down USD$-0.6 to USD$4.68/bbl
  • Gold is currently little changed -0.03% to USD$1190.17/oz

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

On Mobile/Tablet scroll to the right.

Outperformers Sector Price 1D% CHG Volume
Medtronic PLC Health Care 94.7 5.21%      1,045,132.00
PulteGroup Inc Consumer Discretionary 29.5 4.85%          546,439.00
Discovery Inc Consumer Discretionary 27 4.53%          286,261.00
TJX Cos Inc/The Consumer Discretionary 106 4.51%          510,392.00
Discovery Inc Consumer Discretionary 29.2 4.44%          657,927.00
Underperformers Sector Price 1D% CHG Volume
Coty Inc Consumer Staples 11.1 -10.81%      1,799,610.00
JM Smucker Co/The Consumer Staples 109 -6.03%          206,009.00
Hewlett Packard Enterprise Co Information Technology 16 -4.28%      1,378,835.00
Prologis Inc Real Estate 65.4 -3.42%          362,358.00
E*TRADE Financial Corp Financials 59.2 -3.23%          929,069.00