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Quantamize End of Day Market Update

Apr 27, 2018

US Markets End of Day Snapshot

US equities were mixed today, with the S&P 500 trading within a narrow range, but ending slightly positive: S&P 500 +0.11%, Russell 2000 -0.11%, and the Nasdaq Composite +0.02%.

The S&P 500 was led higher today by Real Estate (+1.34%), Utilities (+1.02%), and Consumer Staples (+0.51%), while Energy (-1.05%), Materials (-0.26%), and Industrials (-0.19%) are the biggest lagging sectors.

ETF Ticker Sector  1 Day % Move
XLRE Real Estate 1.34%
XLU Utilities 1.02%
XLP Consumer Staples 0.51%
XLY Consumer Discretionary 0.45%
XLV Health Care 0.38%
XLF Financials 0.14%
XTL Telecom 0.03%
XLK Technology -0.18%
XLI Industrials -0.19%
XLB Materials -0.26%
XLE Energy -1.05%

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Boeing (BA) has begun negotiations to acquire KLX Inc, a distributor of aircraft parts and oil equipment. KLX’s market value has been estimated in $3.7 billion.

Deutsche Bank AG (DBK.GR) will reportedly be closing its investment bank unit in Brazil.

Southwest Airlines (LUV) is facing a lawsuit by a passenger claiming emotional distress after witnessing a fatal incident aboard a Southwest flight last week.

T-Mobile (TMUS) is advancing toward a merger deal with Sprint, which would value Sprint Corp at $24 billion.  The deal would value Sprint (S) shares at $6.10 per share, below the current market price of $6.50.

TMX Group (X.CN), the firm that runs the Toronto Stock Exchange (TSX), was forced to close the TSX down for the day due to trading issues it was experiencing, stating that “all users are equally impacted and unable to connect”.

Cryptocurrency Update

Cryptocurrency Market Data

Major cryptocurrencies are now mixed going into the weekend. Bitcoin is down 2.04% as of 4:55PM EST at USD$9,012.60, from yesterday’s UTC close. Bitcoin is up 1.05% over the past 5 days. Notable top performers from the thirty cryptocurrencies which our machine learning signals follow include: EOS +8.44%, and Stellar +2.85% and from yesterday’s UTC close using volume-weighted exchange pricing. Over the past week, the total market capitalization of cryptocurrencies has increased from USD$378bn to now USD$407bn, a 7.6% increase.

 

Cryptocurrency Market Information

The President of Venezuela announced today that its central bank will receive USD$1bn from the proceeds of its Petro sale. The central bank announced it will auction off the state-owned crypto through the Dicom exchange and the auction is expected to be for foreign corporations interested in investing in the Petro. Five more payment providers in Europe and Asia are set to use Ripple’s xVia technology. The companies believe using Ripple’s technology will decrease expenses and save time.