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Nasdaq leads US stocks selloff with semiconductors leading declines on trade worries

Sep 06, 2018

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US Market Snapshot

  • Semiconductor stocks have suffered on fears of additional tariff action by the US, the Nasdaq has led markets lower today
  • The S&P 500 is currently down 0.46%, Nasdaq Composite is down 1.03%, and Russell 2000 is down 0.56%
  • Real Estate (+0.34%), Utilities (+0.31%), and Industrials (+0.25%) stocks are the top performers in the S&P 500 today
  • Financials (-0.68%), Tech (-1.01%), and Energy (-1.5%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is negative with the advance/decline ratio for the S&P 500 currently at 0.89x
  • 102 stocks in the S&P500 are at 4-week highs while 47 stocks are at 4-week lows
  • 50 stocks in the S&P 500 are overbought while 10 stocks are oversold according to the 16-day RSI Measure
  • 201 stocks in the Nasdaq Composite are at 4-week highs while 75 stocks are at 4-week lows
  • 301 stocks in the Nasdaq Composite are overbought while 272 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 14.67 from yesterday's close of 13.9

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • CBS Corp (CBS) rose 3.9% to US$55.01 on news that CEO Les Moonves is negotiating an exit package.   CNBC reported the parties are discussing a US$100mn deal that would see him leave the company.  CBS is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Consumer Discretionary Global Top Picks.
  • Ford (F) announced a recall of 2 million F-150s for problems with seat belt pretensioners.  These can spark during a crash and cause other materials to catch fire.  Ford expects the recall to cost US$140nm.  Ford is down 0.49% at US$9.45.  Ford is rated ‘Neutral’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Consumer Discretionary Global Top Picks.
  • Micron (MU) shares are falling 8.1% to US$45.52 on a report issued today by Baird that said Micron is no longer a top large-cap idea.  Baird sees the margin near its peak and lowered its price target to US$75 from US$100.  Micron is rated ‘Top Buy’ in our US Large-Cap Global Top Picks and ‘Top Buy’’ in our US Information Technology Global Top Picks.

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down 2.04 basis points to 2.62%
  • US 5-Year Treasury Bonds are higher with yields down 2.87 basis points to 2.73%
  • US 10-Year Treasury Bonds are higher with yields down 2.73 basis points to 2.87%
  • The US Treasury 2s-5s Spread has narrowed 0.83 basis points to 0.11%
  • The US Treasury 2s-10s Spread has narrowed 0.69 basis points to 0.25%
  • US Treasury 5s-10s Spread has widened 0.14 basis points to 0.14%

Currencies

  • EUR€ is currently little changed against the USD$ at 1.1618
  • GBP£ is currently up 0.256% against the USD$ to 1.2938
  • CHF is currently up 0.496% against the USD$ to 1.0341
  • JPY¥ is currently down 0.681% against the USD$ to 110.77

Commodities

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*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
CBS Corp Consumer Discretionary 55 3.97%          441,817.00
Tiffany & Co Consumer Discretionary 125 3.22%          219,380.00
General Mills Inc Consumer Staples 46.8 2.81%          394,298.00
Total System Services Inc Information Technology 98.6 2.13%            90,683.00
Hormel Foods Corp Consumer Staples 41.18 2.12% 257627.00
 
Underformers Sector Price 1D % Chg Volume
KLA-Tencor Corp Information Technology 109 -8.43%          469,119.00
Micron Technology Inc Information Technology 45.5 -8.13%    11,459,324.00
Wynn Resorts Ltd Consumer Discretionary 131 -6.92%          866,179.00
Lam Research Corp Information Technology 162 -5.88%          808,199.00
Twitter Inc Information Technology 31.1 -5.01%      3,354,943.00