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US stocks mixed at midday with tech selling on semiconductor downgrades as press reports US proposed new round of trade talks with China

Sep 12, 2018

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US Market Snapshot

  • US stocks are mixed with tech and semiconsductors leading selling as press reports that the US has proposed another round of trade talks with China
  • The S&P 500 is currently down 0.11%, Nasdaq Composite is down 0.47%, and Russell 2000 is down 0.55%
  • Telecom (+1.53%), Consumer Staples (+1.17%), and Energy (+0.68%) stocks are the top performers in the S&P 500 today
  • Utilities (-0.13%), Tech (-0.61%), and Financials (-0.79%) 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 0.92x
  • 72 stocks in the S&P500 are at 4-week highs while 56 stocks are at 4-week lows
  • 53 stocks in the S&P 500 are overbought while 16 stocks are oversold according to the 16-day RSI Measure
  • 187 stocks in the Nasdaq Composite are at 4-week highs while 142 stocks are at 4-week lows
  • 296 stocks in the Nasdaq Composite are overbought while 455 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 13.56 from yesterday's close of 13.22

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • JP Morgan (JPM) CEO Jamie Dimon said this morning at a conference “I think I could beat (President) Trump” in an election.  He further added “I am as tough as he is, I’m smarter than he is”.  The bank shortly thereafter apologized for the statements from the CEO.  JP Morgan is trading 0.70% lower at $113.60.  JP Morgan is rated ‘Neutral’ in our US Large-Cap Global Top Picks
  • NIO (NIO), the Chinese electric car maker that debuted on the NYSE today after pricing its IPO yesterday at $6.26, is trading down 3.7% at $6.01 after opening at $6.  The IPO raised USD$1bn and NIO intends to take on Tesla (TSLA) in the electric car market.  NIO is not rated in our Global Top Picks.  Tesla is rated 'Unattractive' in both our US Large-Cap and US Information Technology Global Top Picks
  • Snap (SNAP) is falling 8.2% at $9.07 after a BTG analyst wrote in a note he’s “tired of watching Snapchat decline from the sidelines” and that the time has come to sell.  The price target was lowered to $5, representing a significant downside from last price.  Snap is rated “Unattractive’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Information Technology Global Top Picks 

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down 0.4 basis points to 2.73%
  • US 5-Year Treasury Bonds are higher with yields down 1.36 basis points to 2.85%
  • US 10-Year Treasury Bonds are higher with yields down 1.65 basis points to 2.95%
  • The US Treasury 2s-5s Spread has narrowed 0.96 basis points to 0.11%
  • The US Treasury 2s-10s Spread has narrowed 1.25 basis points to 0.22%
  • US Treasury 5s-10s Spread has narrowed 0.29 basis points to 0.11%

Currencies

  • EUR€ is currently up 0.164% against the USD$ to 1.1625
  • GBP£ is currently little changed against the USD$ at 1.3035
  • CHF is currently up 0.194% against the USD$ to 1.0305
  • JPY¥ is currently down 0.278% against the USD$ to 111.32

Commodities

  • WTI Crude is currently up 2.12% to USD$70.72/bbl with the Brent-WTI spread down USD$-1.34 to USD$9.02/bbl
  • Gold is currently up 0.42% to USD$1203.57/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
Discovery Inc Consumer Discretionary 30.7 7.72%            1,337,141
Altria Group Inc Consumer Staples 63.71 7.18%            1,477,568
Discovery Inc Consumer Discretionary 28.32 6.99%                576,167
Western Digital Corp Information Technology 57.58 4.77% 1185029
Philip Morris International Inc Consumer Staples 80.80 4.36% 636605
 
Underformers Sector Price 1D % Chg Volume
Micron Technology Inc Information Technology 41.39 -5.02%      8,477,538.00
Twitter Inc Information Technology 29.63 -3.98%      2,420,685.00
SunTrust Banks Inc Financials 71.71 -3.48%          373,135.00
KLA-Tencor Corp Information Technology 102.3 -3.10%          365,039.00
Lam Research Corp Information Technology 150.8 -2.88%          950,590.00