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FANGs lead tech heavy Nasdaq lower while the broader US markets closed mixed

Sep 05, 2018

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US Markets End of Day Snapshot

  • Today the Justice Deptartment said it will meet with state attorneys general to assess concerns over social media platforms "intentionally stifling the free exchange of ideas."
  • FANGs drove Nasdaq lower with CEOs in front of Congress
  • The S&P 500 finished down 0.27%, Nasdaq Composite is down 1.19%, and Russell 2000 is down 0.35%
  • Utilities (+1.27%), Consumer Staples (+1.18%), and Telecom (+0.83%) stocks were the top performers in the S&P 500 today
  • Energy (-0.08%), Consumer Discretionary (-1.1%), and Tech (-1.5%) 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 1.35x
  • 81 stocks in the S&P 500 hit 4-week highs while 51 stocks reached 4-week lows
  • 62 stocks in the S&P 500 closed overbought while 9 stocks closed oversold according to the 16-day RSI Measure
  • 262 stocks in the Nasdaq Composite hit 4-week highs while 63 stocks reached 4-week lows
  • 446 stocks in the Nasdaq Composite closed overbought while 223 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 13.61 after closing at 13.16 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • American Express (AXP) fell 1.24% to US$105.68 after the Wall Street Journal reported the FBI is investigating its foreign exchange operations.  The report cites the practice of recruiting new customers with low fees that can be hiked at any time.  Customers would then have their fees hiked unexpectedly suffering higher costs.  American Express is rated ‘Neutral’ in our US Large-Cap Global Top Picks 
  • Haliburton (HAL) unveiled its second profit warning in as many months and it sent the stock reeling.  The stock closed down 5.95% at US$37.13 with losses accelerating during the day.  Halliburton is rated ‘Neutral’ in our US Large-Cap Global Top Picks.
  • Tesla (TSLA) is being sued by a Utah driver who slammed into the rear of a stopped fire truck while using Autopilot mode.  The driver is alleging she was told by salespeople that the car would stop if anything were in the way.  Tesla closed down 2.8% at US$280.74.  Tesla is rated ‘Unattractive’ in our US Large-Cap Global Top Picks and is rated ‘Unattractive’ in our US Consumer Discretionary Global Top Picks.

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -0.4 basis points to 2.64%
  • US 5-Year Treasury Bonds are higher with yields down -0.51 basis points to 2.76%
  • US 10-Year Treasury Bonds are flat with yields little changed 0 basis points to 2.89%
  • The US Treasury 2s-5s Spread has narrowed 0.11 basis points to 0.12%
  • The US Treasury 2s-10s Spread has widened 0.4 basis points to 0.25%
  • US Treasury 5s-10s Spread has widened 0.51 basis points to 0.13%

Currencies

  • EUR€ is up 0.423% against the USD$ in after hours to 1.1631
  • GBP£ is up 0.428% against the USD$ in after hours to 1.291
  • CHF is up 0.263% against the USD$ in after hours to 1.029
  • JPY¥ is little changed 0.108% against the USD$ in after hours to 111.53

Commodities

  • WTI Crude is down -1.65% to USD$68.72/bbl with the Brent-WTI spread up USD$0.8 to USD$8.12/bbl
  • Gold is up 0.44% to USD$1196.73/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
Goodyear Tire & Rubber Co/The Consumer Discretionary 23.42 4.79%      1,915,114.00
CenterPoint Energy Inc Utilities 28.92 3.67%      1,131,098.00
Henry Schein Inc Health Care 80.65 3.54%          698,744.00
Dollar Tree Inc Consumer Discretionary 82.64 3.45%      1,964,955.00
JM Smucker Co Consumer Staples 107.2 3.37% 187762.00
 
Underformers Sector Price 1D % Chg Volume
ABIOMED Inc Health Care 383.83 -6.72%          263,554.00
Netflix Inc Consumer Discretionary 341.18 -6.24%      3,208,031.00
Twitter Inc Information Technology 32.73 -6.07%      4,944,680.00
Robert Half International Inc Industrials 74.08 -5.97%          294,929.00
Halliburton Co Energy 37.13 -5.97%      4,297,128.00