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US stocks closed mixed with tech shares higher and materials sector tanking 3.4%; markets' concerns on bond yields and global growth remains front and center

Oct 09, 2018

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US Markets End of Day Snapshot

  • US stocks closed mixed today with tech shares trading higher but materials stocks tanking 3.4% as concerns on bond yields and global growth remain front and center
  • The S&P 500 finished down 0.14%, Nasdaq Composite up 0.03%, and Russell 2000 is down 0.47%
  • Energy (+0.99%), Utilities (+0.42%), and Real Estate (+0.38%) stocks were the top performers in the S&P 500 today
  • Financials (-0.34%), Industrials (-1.51%), and Materials (-3.4%) 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 0.68x
  • 34 stocks in the S&P 500 hit 4-week highs while 137 stocks reached 4-week lows
  • 14 stocks in the S&P 500 closed overbought while 43 stocks closed oversold according to the 16-day RSI Measure
  • 37 stocks in the Nasdaq Composite hit 4-week highs while 315 stocks reached 4-week lows
  • 93 stocks in the Nasdaq Composite closed overbought while 789 stocks closed oversold according to the 16-day RSI Measure
  • The VIX closed  down -3.91 points today  to 11.78 after closing at 15.69 yesterday

Stocks Trending in the News

Click name for Q-Factor rating and financials data.
 

  • Cummins (CMI) approved a USD$2bn repurchase program to begin upon the completion of its USD$1bn program.  Cummins also declared a $1.14 per share dividend in its efforts to return its ample cash to investors.  Cummins closed 1.3% lower at $150.83.  Cummins is rated ‘Attractive’ in our US Large-Cap and ‘Top Buy’ in our US Industrials Global Top Picks
  • Snap (SNAP) fell 6.5% to $7.01 in the wake of an analyst report from MoffetNathanson that said Snap “is quickly running out of money…”  The report said Snap needs to grow faster and cut costs quicker than planned or else it will face dire consequences.  Snap is rated ‘Top Short’ in our US Large-Cap and ‘Unattractive’ in our US Information Technology Global Top Picks
  • Starbucks (SBUX) closed 2.2% higher at $57.68 after Bill Ackman said today he has taken a position of USD$900mm in the company.  Starbucks was up almost 6% during the day.  Starbucks said “We look forward to maintaining a productive dialog with Mr. Ackman…”  Starbucks' struggles are well known and Ackman is expected to push for faster changes.  Starbucks is rated ‘Attractive’ in both our US Large-Cap and US Consumer Discretionary Global Top Picks

US Treasuries

  • US 2-Year Treasury Notes are flat with yields little changed 0.01 basis points to 2.88%
  • US 5-Year Treasury Bonds are higher with yields down -1.71 basis points to 3.05%
  • US 10-Year Treasury Bonds are higher with yields down -3.03 basis points to 3.20%
  • The US Treasury 2s-5s Spread has narrowed 1.72 basis points to 0.17%
  • The US Treasury 2s-10s Spread has narrowed 3.04 basis points to 0.32%
  • US Treasury 5s-10s Spread has narrowed 1.32 basis points to 0.15%

Currencies

  • EUR€ is little changed 0.017% against the USD$ in after hours to 1.1494
  • GBP£ is up 0.42% against the USD$ in after hours to 1.3145
  • CHF is little changed 0.069% against the USD$ in after hours to 1.0083
  • JPY¥ is down 0.238% against the USD$ in after hours to 112.96

Commodities

  • WTI Crude is up 0.9% to USD$74.96/bbl with the Brent-WTI spread up USD$0.7 to USD$10.18/bbl
  • Gold is little changed 0.15% to USD$1189.88/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
Pioneer Natural Resources Co Energy 188 3.34%          394,441.00
MGM Resorts International Consumer Discretionary 27.3 3.29%      2,671,151.00
Advanced Micro Devices Inc Information Technology 27.2 2.95%    18,566,639.00
Twitter Inc Communication Services 29.3 2.88%      4,585,571.00
Apache Corp Energy 49.3 2.71%          890,602.00
 
Underformers Sector Price 1D % Chg Volume
PPG Industries Inc Materials 98.6 -10.06%      1,294,153.00
Packaging Corp of America Materials 93.1 -8.13%          634,749.00
WestRock Co Materials 45.3 -7.90%      1,152,072.00
American Airlines Group Inc Industrials 33.6 -6.55%      5,462,084.00
Garrett Motion Inc #N/A N/A 16.2 -5.97%          788,351.00