End of Day Market Update

May 11, 2018

US Markets End of Day Snapshot

US equities finished mixed, with the S&P 500 (+0.17%) and Russell 2000 (+0.19%), while the Nasdaq Composite (-0.03%) closed slightly lower.

The S&P 500 was led higher today by Health Care (+1.49%), Consumer Staples (+0.59%), and Industrials (+0.21%), while Real Estate (-0.47%), Telecom (-0.23%), and Technology (-0.14%) were the biggest lagging sectors.

S&P 500 Sector ETFs - End of Day

Russell 1000 Factor ETFs - End of Day

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Alibaba (BABA) subsidiary Ant Financial is expected to raise $10 billion in its fundraising over the next few days, which would bring Ant Financial’s value to $150 billion.

Baker Hughes (BHGE) has announced an $0.18 per share dividend for the first quarter, payable on May 22nd.

Shares of information management and consulting firm Convergys (CVG) closed 12.64% higher today after it was reported that the company has begun to negotiate with potential buyers. Convergys’ current market cap is $2.3 billion.

CVS Heath (CVS) has released a statement saying that the company supports President Trump’s proposal to reduce drug costs, and its already well positioned to implement cost reduction policies.

Verizon (VZ) will be buying back $2.5 billion worth of floating rate notes, which had maturities in February of 2025.

Cryptocurrency Market Update