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US stocks close mixed as S&P 500 powers through August reaching new record highs and fifth consecutive monthly gain

Aug 31, 2018

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US Markets End of Day Snapshot

  • Sound economic fundamentals lifted US equity markets in August.  Retail sales, personal income growth, business investments and inflation remain on a positive trend powering the markets to new highs in the month
  • Today , the S&P 500 finished up 0.01%, Nasdaq Composite up 0.26%, and Russell 2000 up 0.48% with the Dow lagging -0.09%
  • Real Estate (+0.42%), Consumer Discretionary (+0.37%), and Tech (+0.12%) stocks were the top performers in the S&P 500 today
  • Telecom (-0.42%), Utilities (-0.45%), and Energy (-0.73%) 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 1.3x
  • 64 stocks in the S&P 500 hit 4-week highs while 25 stocks reached 4-week lows
  • 46 stocks in the S&P 500 closed overbought while 5 stocks closed oversold according to the 16-day RSI Measure
  • 215 stocks in the Nasdaq Composite hit 4-week highs while 62 stocks reached 4-week lows
  • 374 stocks in the Nasdaq Composite closed overbought while 172 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 12.9 after closing at 13.53 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Goodyear (GT) saw its rating cut by Berenberg today to hold from buy.  Berenberg sees an oversupplied tire market in the coming years that will be negative for Goodyear. Goodyear closed 4.38% lower at US$22.69. Goodyear is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Unattractive’ in our US Consumer Discretionary Global Top Picks
  • HCA Healthcare (HCA) agreed to acquire Mission Health for approximately US$1.5bn.  As part of the deal virtually all Mission facilities will become part of HCA while retaining the Mission brand.  HCA closed 1.93% higher at US$132.21 on the news.  HCA is rated ‘Neutral’ in our US Large-Cap Global Top Picks
  • United Airlines (UAL) hiked its baggage fee to US$30 matching JetBlue’s (JBLU) hike earlier in the week.  United closed +0.58% at US$87.42.  United is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Industrials Global Top Picks.  Jet Blue is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Industrials Global Top Picks.

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -2.23 basis points to 2.6269%
  • US 5-Year Treasury Bonds are higher with yields down -1.18 basis points to 2.7382%
  • US 10-Year Treasury Bonds are lower with yields up 0.35 basis points to 2.8585%
  • The US Treasury 2s-5s Spread has widened 1.05 basis points to 0.11%
  • The US Treasury 2s-10s Spread has widened 2.58 basis points to 0.23%
  • US Treasury 5s-10s Spread has widened 1.53 basis points to 0.12%

Currencies

  • EUR€ is down 0.531% against the USD$ in after hours to 1.1609
  • GBP£ is down 0.354% against the USD$ in after hours to 1.2963
  • CHF is little changed 0.01% against the USD$ in after hours to 1.0317
  • JPY¥ is little changed 0.108% against the USD$ in after hours to 111.1

Commodities

  • WTI Crude is down -0.64% to USD$69.8/bbl with the Brent-WTI spread up USD$0.67 to USD$7.32/bbl
  • Gold is little changed 0.01% to USD$1200.13/oz

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

S&P 500 Sector ETFs - End of Day

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Russell 1000 Factor ETFs - End of Day

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

S&P 500 Movers

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Outperformers Sector Price 1D % Chg Volume
Ulta Beauty Inc Consumer Discretionary 260 6.38%      1,378,617.00
DaVita Inc Health Care 69.3 4.18%          744,162.00
NRG Energy Inc Utilities 35.4 2.14%      1,055,453.00
Tractor Supply Co Consumer Discretionary 88.3 2.07%          366,552.00
HCA Healthcare Inc Health Care 134 2.03% 501544.00
 
Underformers Sector Price 1D % Chg Volume
Goodyear Tire & Rubber Co/The Consumer Discretionary 22.7 -4.38%      2,102,164.00
AES Corp/VA Utilities 13.5 -3.17%      2,734,728.00
Cooper Cos Inc/The Health Care 256 -3.00%          151,148.00
Coty Inc Consumer Staples 12.4 -2.98%      1,944,353.00
Baker Hughes a GE Co Energy 33 -2.97%          958,935.00