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US stocks have seen broad based selling accelerate with the US 10-year at 3.23% during midday trading

Oct 05, 2018

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US Market Snapshot

  • The broad based selling among US stocks has been accelerating today as the US 10-year is at 3.23% midday
  • The S&P 500 is currently down 0.71%, Nasdaq Composite is down 1.63%, and Russell 2000 is down 1.28%
  • Utilities (+1.07%), Real Estate (+0.3%), and Consumer Staples (-0.31%) stocks are the top performers in the S&P 500 today
  • Consumer Discretionary (-1.29%), Telecom (-1.45%), and Tech (-1.68%) 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 0.49x
  • 31 stocks in the S&P500 are at 4-week highs while 138 stocks are at 4-week lows
  • 20 stocks in the S&P 500 are overbought while 26 stocks are oversold according to the 16-day RSI Measure
  • 62 stocks in the Nasdaq Composite are at 4-week highs while 214 stocks are at 4-week lows
  • 102 stocks in the Nasdaq Composite are overbought while 589 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently  moving down at 11.78 from yesterday's close of 14.22

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Eastman Chemical (EMN) shares are down 4.5% at $92.13 after a downgrade on raw materials costs.  JP Morgan cut Eastman Chemical’s rating to neutral from overweight saying “we expect these inflationary factors to place some pressure on 3Q”.  Eastman Chemical is rated ‘Attractive’ in our US Large-Cap Global Top Picks
  • HP (HPQ) shares are falling 3.1% at $25.61 after JP Morgan published a note cutting its rating to neutral.  HP has limited catalysts near term and will sees its margin come under pressure according to the note.  The 24% year-to-date rally in HP was cited as another strong reason to cut to neutral.  HP is rated ‘Top Buy’ in our US Large-Cap Global Top Picks and ‘Attractive’ in our US Information Technology Global Top Picks
  • Telsa (TSLA) CEO Elon Musk continued his rants on Twitter with the latest being directed at BlackRock (BLK).  He complained that Blackrock, as manager of passive index ETFs, is profiting by lending shares to the short sellers of Tesla that Mr Musk so often complains about.  Tesla is 6% lower at $264.65.  Tesla is rated ‘Unattractive’ in both our US Large-Cap and US Consumer Discretionary Global Top Picks.  BlackRock is rated ‘Top Buy’ in our US Large-Cap Global Top Picks  

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 2.52 basis points to 2.89%
  • US 5-Year Treasury Bonds are lower with yields up 3.63 basis points to 3.08%
  • US 10-Year Treasury Bonds are lower with yields up 4.58 basis points to 3.23%
  • The US Treasury 2s-5s Spread has widened 1.11 basis points to 0.19%
  • The US Treasury 2s-10s Spread has widened 2.06 basis points to 0.34%
  • US Treasury 5s-10s Spread has widened 0.95 basis points to 0.15%

Currencies

  • EUR€ is currently little changed against the USD$ at 1.1511
  • GBP£ is currently up 0.576% against the USD$ to 1.3096
  • CHF is currently little changed against the USD$ at 1.0081
  • JPY¥ is currently down 0.237% against the USD$ to 113.64

Commodities

  • WTI Crude is currently up 0.58% to USD$74.76/bbl with the Brent-WTI spread down USD$-0.9 to USD$10.04/bbl
  • Gold is currently little changed 0.09% to USD$1200.99/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
NRG Energy Inc Utilities 37.4 2.10%          207,492.00
Clorox Co/The Consumer Staples 149 1.99%            74,772.00
Cboe Global Markets Inc Financials 97.3 1.87%          108,505.00
FirstEnergy Corp Utilities 37.8 1.83%          302,243.00
PG&E Corp Utilities 47.83 1.78%          231,658.00
 
Underformers Sector Price 1D % Chg Volume
IPG Photonics Corp Information Technology 135 -12.16%          679,692.00
Newell Brands Inc Consumer Discretionary 19 -5.06%          951,531.00
Illumina Inc Health Care 328 -4.81%          361,828.00
Xilinx Inc Information Technology 78.3 -4.78%          470,520.00
Eastman Chemical Co Materials 92 -4.64%          162,835.00