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US stocks closed mixed giving up earlier gains on trade concerns as President Trump told the UN the US trade deficit with China "is just not acceptable"

Sep 25, 2018

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US Markets End of Day Snapshot

  • US stocks ended the day mixed, giving up earlier gains on trade concerns, as President Trump told the UN the US trade deficit with China "is just not acceptable"
  • The S&P 500 finished down 0.13%, Nasdaq Composite up 0.18%, and Russell 2000 up 0.2%
  • Consumer Discretionary (+0.59%), Energy (+0.57%), and Telecom (+0.09%) stocks were the top performers in the S&P 500 today
  • Materials (-0.47%), Consumer Staples (-0.73%), and Utilities (-1.22%) 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 0.62x
  • 48 stocks in the S&P 500 hit 4-week highs while 62 stocks reached 4-week lows
  • 34 stocks in the S&P 500 closed overbought while 5 stocks closed oversold according to the 16-day RSI Measure
  • 106 stocks in the Nasdaq Composite hit 4-week highs while 101 stocks reached 4-week lows
  • 207 stocks in the Nasdaq Composite closed overbought while 436 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 12.49 after closing at 12.2 yesterday

Stocks Trending in the News

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  • Grubhub (GRUB) announced the acquisition of Tapingo for $150mn.  Tapingo is a food ordering and delivery platform focused on college campuses.  Today, it has 150 campuses as part of its network.  Grubhub closed up 2.4% at $138.06.  Grubhub is rated ‘Neutral’ in both our US Large-Cap and US Information Technology Global Top Picks
  • Snapchat (SNAP) closed 0.67% higher at $9.06 after Bloomberg published a story highlighting the potential for Snapchat to gain from Instagram’s challenges with Facebook (FB).  The departure of Instagram’s founders was recently reported.  Snapchat is rated ‘Unattractive’ in our US Large-Cap Global Top Picks and ‘Neutral’ in our US Information Technology Global Top Picks.  Facebook is rated ‘Neutral’ in our US Large-Cap Global TOP Picks and ‘Attractive’ in our US Information Technology Global Top Picks
  • Square (SQ) rose 11.7% to $95.69 after Nomura published a note highlighting the strength of its buy call on the stock and suggesting the stock should be included in the “FANG” club.  The note came as Square announced it is launching a payroll app for employers.  Square is rated ‘Unattractive’ in both our US Large-Cap and US Information Technology Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 1.81 basis points to 2.83%
  • US 5-Year Treasury Bonds are lower with yields up 1.05 basis points to 2.9%
  • US 10-Year Treasury Bonds are lower with yields up 0.38 basis points to 3.09%
  • The US Treasury 2s-5s Spread has narrowed 0.76 basis points to 0.14%
  • The US Treasury 2s-10s Spread has narrowed 1.43 basis points to 0.26%
  • US Treasury 5s-10s Spread has narrowed 0.67 basis points to 0.11%

Currencies

  • EUR€ is up 0.179% against the USD$ in after hours to 1.1769
  • GBP£ is up 0.465% against the USD$ in after hours to 1.3181
  • CHF is little changed 0.029% against the USD$ in after hours to 1.0362
  • JPY¥ is little changed 0.133% against the USD$ in after hours to 112.95

Commodities

  • WTI Crude is down -0.68% to USD$72.58/bbl with the Brent-WTI spread up USD$1.41 to USD$8.77/bbl
  • Gold is little changed 0.17% to USD$1201.03/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
ABIOMED Inc Health Care 442 5.22%                390,860
CF Industries Holdings Inc Materials 54.3 2.75%                633,830
Northrop Grumman Corp Industrials 314 2.71%                268,416
Concho Resources Inc Energy 151 2.63%                334,815
TechnipFMC PLC Energy 32.5 2.48%                822,068
 
Underformers Sector Price 1D % Chg Volume
CenturyLink Inc Telecommunication Services 21.1 -8.08%            5,482,303
Microchip Technology Inc Information Technology 78.8 -4.29%            1,308,622
General Electric Co Industrials 11.3 -4.00%          24,727,571
AO Smith Corp Industrials 55.8 -3.97%                699,028
Sealed Air Corp Materials 40 -3.80%                478,603