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Midday Market Update

May 04, 2018

US Market Snapshot

US markets are rallying today, with the S&P 500 (+1.02%), Russell 2000 (+1.06%), and Nasdaq Composite (+1.43%).

The S&P 500 is being led higher today by Technology (+1.49%), Materials (+1.30%), and Financials (+1.06%), while Utilities (+0.66%), Real Estate (+1.00%), and Health Care (+0.36%) are the biggest lagging sectors.

S&P 500 Sector ETFs - Intraday

Russell 1000 Factor ETFs - Intraday 

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Berkshire Hathaway (BRK.A) CEO Warren Buffet revealed that the firm has completely divested itself of IBM shares.

Carbon Black Inc (CBLK) began trading today at a price of $24.70 after it IPO at $19 yesterday.

Danske Bank (DANSKE.DC) CEO Thomas Borgen apologized for the failure of the bank’s management team at preventing criminals from laundering billions of dollars through the firm over the course of several years.

Idexx Lab (IDXX) announced 1Q2018 EPS that was firmly above expectations ($1.01 vs $0.93 consensus).

Norwegian Air Shuttle ASA (NAS.NO) has rejected an acquisition bid by International Consolidated Airlines Group (IAG.LN), the partner company of British Airways.

Ruth’s Hospitality (RUTH) reported 1Q2018 EPS that was modestly better than expected ($0.45 vs $0.43 projected).

Target (TGT) has agreed to a class action settlement over its up & up flushable toddler wipes product, with the lawsuit claiming that the wipes were not actually flushable.

Cryptocurrency Market Update