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US stocks' sell-off was day long with risk-off sentiment growing until close

Oct 05, 2018

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US Markets End of Day Snapshot

  • The sell-off in US stocks continued all day today as the risk-off sentiment grew
  • The S&P 500 finished down 0.55%, Nasdaq Composite is down 1.16%, and Russell 2000 is down 0.9%
  • Utilities (+1.57%), Real Estate (-0.02%), and Energy (-0.04%) stocks were the top performers in the S&P 500 today
  • Materials (-0.81%), Telecom (-1.04%), and Tech (-1.27%) 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 0.53x
  • 31 stocks in the S&P 500 hit 4-week highs while 138 stocks reached 4-week lows
  • 20 stocks in the S&P 500 closed overbought while 26 stocks closed oversold according to the 16-day RSI Measure
  • 62 stocks in the Nasdaq Composite hit 4-week highs while 214 stocks reached 4-week lows
  • 102 stocks in the Nasdaq Composite closed overbought while 589 stocks closed oversold according to the 16-day RSI Measure
  • The VIX closed  down -2.44 points today  to 11.78 after closing at 14.22 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data

  • Delphi (DLPH) cut guidance today sending it 12.6% lower to $26.12.  Delphi now sees revenue this year coming at the same level as last year, while previously, Delphi expected between 2% and 4% growth.  Delphi also appointed an interim CEO though its guidance cut overshadowed that news.  Delphi is not rated in our US Large-Cap Global Top Picks
  • Delta Airlines’ (DAL) CEO said today the airline will roll out free wi-fi on all its flights but did not yet have a timetable for the rollout.  He said, “I don’t know of anywhere else but inside an airplane that you can’t get free wi-fi”.   He said the move would save Delta Airlines money.  Delta Airlines closed 1.3% lower at $52.83.  Delta Airlines is rated ‘Neutral’ in both our US Large-Cap and US Industrials Global Top Picks
  • Tesla (TSLA) critic Dave Einhorn of Greenlight Capital in his quarterly letter to investors compared Tesla’s present situation to that of Lehman Brothers just before its downfall.  He wrote, “Like Lehman, we think the deception is about to catch up with Tesla.”  He comments that the erratic behavior at Tesla is a sign of worse to come.  Tesla closed 7% lower at $262.24.  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 1.7 basis points to 2.88%
  • US 5-Year Treasury Bonds are lower with yields up 2.6 basis points to 3.07%
  • US 10-Year Treasury Bonds are lower with yields up 4.39 basis points to 3.23%
  • The US Treasury 2s-5s Spread has widened 0.9 basis points to 0.19%
  • The US Treasury 2s-10s Spread has widened 2.69 basis points to 0.35%
  • US Treasury 5s-10s Spread has widened 1.79 basis points to 0.16%

Currencies

  • EUR€ is little changed 0.052% against the USD$ in after hours to 1.152
  • GBP£ is up 0.73% against the USD$ in after hours to 1.3116
  • CHF is little changed 0.03% against the USD$ in after hours to 1.0081
  • JPY¥ is down 0.167% against the USD$ in after hours to 113.72

Commodities

  • WTI Crude is little changed 0.01% to USD$74.34/bbl with the Brent-WTI spread down USD$-1.01 to USD$9.88/bbl
  • Gold is up 0.31% to USD$1203.65/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
Tyson Foods Inc Consumer Staples 61.6 2.58%          866,571.00
FirstEnergy Corp Utilities 38 2.26%      1,280,388.00
DTE Energy Co Utilities 112 2.05%          286,699.00
Clorox Co/The Consumer Staples 150 2.05%          298,033.00
PG&E Corp Utilities 47.95 2.04%          941,263.00
 
Underformers Sector Price 1D % Chg Volume
IPG Photonics Corp Information Technology 133 -13.80%      1,357,118.00
Newell Brands Inc Consumer Discretionary 18.8 -5.76%      2,635,092.00
Eastman Chemical Co Materials 91.1 -5.62%          504,787.00
Costco Wholesale Corp Consumer Staples 219 -5.55%      2,250,081.00
DISH Network Corp Communication Services 34.3 -5.33%      1,941,894.00