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US stocks closed at the day's lows as fear and anticipation of more tariffs-from both the US and China-builds

Sep 17, 2018

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US Markets End of Day Snapshot

  • US stocks closed near the lowest levels of the day as fear and anticipation grew throughout the day that both the US and China would announce more tariffs
  • The S&P 500 finished down 0.56%, Nasdaq Composite is down 1.43%, and Russell 2000 is down 1.06%
  • Real Estate (+0.49%), Consumer Staples (+0.35%), and Utilities (+0.3%) stocks were the top performers in the S&P 500 today
  • Financials (-0.35%), Consumer Discretionary (-1.27%), and Tech (-1.39%) stocks were the worst performers in the S&P 500 today
  • Investor sentiment for US stocks finished negative with the advance/decline ratio for the S&P 500 closing at 0.67x
  • 112 stocks in the S&P 500 hit 4-week highs while 43 stocks reached 4-week lows
  • 64 stocks in the S&P 500 closed overbought while 9 stocks closed oversold according to the 16-day RSI Measure
  • 171 stocks in the Nasdaq Composite hit 4-week highs while 133 stocks reached 4-week lows
  • 310 stocks in the Nasdaq Composite closed overbought while 368 stocks closed oversold according to the 16-day RSI Measure
  • The VIX closed up 1.51 points today  to 13.58 after closing at 12.07 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Amazon (AMZN) launched a section of its website called Amazon Storefronts that is dedicated to small businesses.  This section of the site will offer products from almost 20,000 retailers and will have 25 product categories.  Amazon will launch its first ever national TV commercial featuring one of those businesses.  Amazon closed down 3% at $1910.89.  Amazon is rated ‘Attractive’ in our US Large-Cap Global Top Picks and ‘Top Buy’ in our US Consumer Discretionary Global Top Picks
  • Bloomberg is reporting that some Apple (AAPL) products will be exempt from the next round of US tariffs on imports from China.  The category of high tech products said to be exempt include the Apple Watch and AirPods.  Apple closed dwn 2.3% at $218.68.  Apple is rated ‘Top Buy’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Information Technology Global Top Picks
  • Cigna’s (CI) takeover of Express Scripts (ESRX) has been cleared by the US Justice Department.  While there are still some state approvals needed, this was the last major hurdle for the deal.  Cigna closed up 1% at $196.72 while Express Scripts rose 3.5% to $95.10.  Cigna and Express Scripts area both rated Top Buy’ in our US Large-Cap Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 0.02 basis points to 2.77%
  • US 5-Year Treasury Bonds are higher with yields down -1.2 basis points to 2.89%
  • US 10-Year Treasury Bonds are higher with yields down -0.37 basis points to 2.99%
  • The US Treasury 2s-5s Spread has narrowed 1.22 basis points to 0.11%
  • The US Treasury 2s-10s Spread has narrowed 0.39 basis points to 0.21%
  • US Treasury 5s-10s Spread has widened 0.83 basis points to 0.1%

Currencies

  • EUR€ is up 0.516% against the USD$ in after hours to 1.1685
  • GBP£ is up 0.704% against the USD$ in after hours to 1.316
  • CHF is up 0.58% against the USD$ in after hours to 1.0397
  • JPY¥ is down 0.196% against the USD$ in after hours to 111.84

Commodities

  • WTI Crude is little changed -0.12% to USD$68.91/bbl with the Brent-WTI spread down USD$-0.34 to USD$8.89/bbl
  • Gold is up 0.51% to USD$1200.98/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
Mosaic Co/The Materials 32 3.90%            1,433,500
NiSource Inc Utilities 25.7 3.79%            2,216,758
Kroger Co/The Consumer Staples 28.8 3.74%            4,277,240
Express Scripts Holding Co Health Care   3.71%            2,631,897
Coty Inc Consumer Staples Price 3.35%            2,924,100
 
Underformers Sector Price 1D % Chg Volume
ABIOMED Inc Health Care 369 -6.77%                223,804
Twitter Inc Information Technology 28.9 -4.18%            4,455,603
Netflix Inc Consumer Discretionary 350 -3.90%            1,867,460
CH Robinson Worldwide Inc Industrials 96.7 -3.38%                459,998
Microchip Technology Inc Information Technology 80.9 -3.25%            1,209,770