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US stocks closed mostly higher shrugging off trade and rate hike concerns, instead focused on Fed comments of a strong economy

Sep 27, 2018

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US Markets End of Day Snapshot

  • US stocks closed mostly higher as investors decided to focus on the Fed's strong economic outlook instead of trade or rate hike concerns
  • The S&P 500 finished up 0.28%, Nasdaq Composite up 0.65%, and Russell 2000 is down 0.06%
  • Utilities (+0.96%), Telecom (+0.8%), and Consumer Discretionary (+0.54%) stocks were the top performers in the S&P 500 today
  • Consumer Staples (-0.2%), Financials (-0.34%), and Materials (-0.97%) stocks were the worst performers in the S&P 500 today
  • Investor sentiment for US stocks finished neutral with the advance/decline ratio for the S&P 500 closing at 1.05x
  • 62 stocks in the S&P 500 hit 4-week highs while 100 stocks reached 4-week lows
  • 23 stocks in the S&P 500 closed overbought while 15 stocks closed oversold according to the 16-day RSI Measure
  • 91 stocks in the Nasdaq Composite hit 4-week highs while 159 stocks reached 4-week lows
  • 208 stocks in the Nasdaq Composite closed overbought while 478 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 12.41 after closing at 12.89 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Bed, Bath & Beyond (BBBY) fell 21% to $14.86 after delivering weak results that rattled investors.  Comparable sales fell for the 1st time in 12 quarters.  Additionally, the EPS missed consensus by 28%.   Most comments highlighted that the margin pressures will continue for some time.  Bed, Bath & Beyond is rated ‘Unattractive’ in both our US Large-Cap and US Consumer Discretionary Global Top Picks
  • Geron Corp (GERN) fell 63% to $2.31 after Johnson & Johnson (JNJ) canceled a licensing partnership with its sole product.   Speculation on potential for the licensing deal had sent the stock up 300% this year but updates on studies in progress influenced the Johnson & Johnson decision.  Geron is rated ‘Unattractive’ in our US SMID-Cap Global Top Picks, Johnson & Johnson is rated ‘Attractive’ in our US Large-Cap Global Top Picks
  • Tesla (TSLA) CEO Elon Musk is being sued by the SEC over his tweets about taking the company private.  The SEC is alleging he made a series of false and misleading statements as part of his tweets.  Tesla is trading 10% lower in post-market trading.  Tesla is rated ‘Unattractive’ in both our US Large-Cap and US Consumer Discretionary Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 1.21 basis points to 2.82%
  • US 5-Year Treasury Bonds are lower with yields up 1.36 basis points to 2.95%
  • US 10-Year Treasury Bonds are lower with yields up 0.75 basis points to 3.05%
  • The US Treasury 2s-5s Spread has widened 0.15 basis points to 0.13%
  • The US Treasury 2s-10s Spread has narrowed 0.46 basis points to 0.23%
  • US Treasury 5s-10s Spread has narrowed 0.61 basis points to 0.1%

Currencies

  • EUR€ is down 0.818% against the USD$ in after hours to 1.1643
  • GBP£ is down 0.676% against the USD$ in after hours to 1.3078
  • CHF is down 1.101% against the USD$ in after hours to 1.0238
  • JPY¥ is up 0.577% against the USD$ in after hours to 113.38

Commodities

  • WTI Crude is up 0.77% to USD$72.12/bbl with the Brent-WTI spread down USD$-0.63 to USD$9.27/bbl
  • Gold is down -0.97% to USD$1182.91/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
Regeneron Pharmaceuticals Inc Health Care 406 3.70%          285,923.00
Alaska Air Group Inc Industrials 69 2.77%          571,992.00
NRG Energy Inc Utilities 36.5 2.50%      1,164,155.00
Incyte Corp Health Care 69 2.402848          417,600.00
Nektar Therapeutics Health Care 60.9 2.335349          454,824.00
 
Underformers Sector Price 1D % Chg Volume
Conagra Brands Inc Consumer Staples 33 -8.54%      3,110,486.00
Campbell Soup Co Consumer Staples 36.9 -5.44%      1,545,151.00
Carnival Corp Consumer Discretionary 63.7 -4.84%      1,832,328.00
Stericycle Inc Industrials 58.4 -3.20%          385,069.00
JM Smucker Co/The Consumer Staples 102 -3.11%          293,891.00