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US stocks mixed as tech stocks lead Nasdaq selloff amid Senate testimony by Facebook and Twitter

Sep 05, 2018

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US Market Snapshot

  • The CEO of both Facebook and Twitter are testifying in front of Congress with the news from there weighing on the sector
  • The S&P 500 is currently down 0.49%, Nasdaq Composite is down 1.17%, and Russell 2000 is down 0.61%
  • Utilities (+0.96%), Consumer Staples (+0.96%), and Real Estate (+0.58%) stocks are the top performers in the S&P 500 today
  • Energy (-0.67%), Consumer Discretionary (-0.71%), and Tech (-1.51%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is neutral with the advance/decline ratio for the S&P 500 currently at 1.1x
  • 81 stocks in the S&P500 are at 4-week highs while 51 stocks are at 4-week lows
  • 62 stocks in the S&P 500 are overbought while 9 stocks are oversold according to the 16-day RSI Measure
  • 262 stocks in the Nasdaq Composite are at 4-week highs while 63 stocks are at 4-week lows
  • 446 stocks in the Nasdaq Composite are overbought while 223 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

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Twitter (TWTR) shares are trading 5.5% lower at $32.92 as its CEO testified in Congress today.  Senators brought up the idea of regulating social media and this is weighing on the stock.  Twitter is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Information Technology Global Top Picks.
  • Press reports are that General Motors (GM) August sales fell about 13% versus consensus of 7.7%.  This was the result of a significant reduction in incentives, especially full-size pickups.  GM has not confirmed the news and is trading down 0.89% at US$35.27.  GM is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Consumer Discretionary Global Top Picks.
  • Vera Bradley (VRA) is trading up 13% at US$16.16 after reporting 2Q EPS of 26 cents versus 16 expected.  3Q guidance of 14-16 cents is in line.  Vera Bradley is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Consumer Discretionary Global Top Picks.

US Treasuries

  • EUR€ is currently up 0.337% against the USD$ to 1.1621
  • GBP£ is currently up 0.381% against the USD$ to 1.2904
  • CHF is currently up 0.292% against the USD$ to 1.0293
  • JPY¥ is currently little changed against the USD$ at 111.5

Currencies

  • US 2-Year Treasury Notes are higher with yields down -0.4 basis points to 2.6493%
  • US 5-Year Treasury Bonds are higher with yields down -0.85 basis points to 2.7634%
  • US 10-Year Treasury Bonds are flat with yields little changed 0 basis points to 2.8985%
  • The US Treasury 2s-5s Spread has narrowed 0.45 basis points to 0.11%
  • The US Treasury 2s-10s Spread has widened 0.4 basis points to 0.25%
  • US Treasury 5s-10s Spread has widened 0.85 basis points to 0.14%

Commodities

  • WTI Crude is currently down -1.53% to USD$68.8/bbl with the Brent-WTI spread up USD$0.73 to USD$8.08/bbl
  • Gold is currently up 0.44% to USD$1196.71/oz

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

S&P 500 Sector ETFs - Intraday

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

Russell 1000 Factor ETFs - Intraday

*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
Newell Brands Inc Consumer Discretionary 22 3.07%          524,661.00
JM Smucker Co/The Consumer Staples 106 2.63%            71,136.00
CenterPoint Energy Inc Utilities 28.6 2.47%          293,683.00
Whirlpool Corp Consumer Discretionary 127 2.35%            33,824.00
PulteGroup Inc Consumer Discretionary 28.6 2.32% 194778.00

 

Underperformers Sector Price 1D% CHG Volume
Robert Half International Inc Industrials 74.2 -5.78%          127,700.00
ABIOMED Inc Health Care 388 -5.71%            91,901.00
Twitter Inc Information Technology 33 -5.20%      2,617,325.00
Halliburton Co Energy 37.6 -4.91%      1,249,389.00
Take-Two Interactive Software Inc Information Technology 128 -4.79%          210,910.00