Midday Market Update

May 14, 2018

US Market Snapshot

US equities are mixed today, with large-cap stocks outperforming small-caps, with the S&P 500 (+0.11%), Russell 2000 (-0.10%), and the Nasdaq Composite (+0.22%).

The S&P 500 is being led higher today by Energy (+0.79%), Health Care (+0.67%), and Technology (+0.46%), while Real Estate (-1.03%), Utilities (-0.60%), and Consumer Staples (0.00%) are the biggest lagging sectors.

*Data in Price Return

S&P 500 Sector ETFs - Intraday

*Data in Price Return

Russell 1000 Factor ETFs - Intraday 

*Data in Price Return

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

BAE Systems Plc (LSE:BA) has been awarded £2.4 billion in submarine contracts from the UK Department of Defense.

CBS Corp (CBS) is suing controlling shareholder National Amusements Inc as the company seeks to wrest control of CBS away from the Redstone family. The decision to sue is reportedly a preceptive attempt to keep Shari Redstone from removing several network directors, and from blocking shareholder votes to lessen the Redstone’s control of CBS.

Canopy Growth Corp (TSX:WEED) has applied to be the first marijuana company to be listed on the New York Stock Exchange.

EDP – Energias de Portugal SA (ENXTLS:EDP) is reportedly planning to reject a $10.9 billion acquisition bid from China Three Gorges Corp.

Keurig Green Mountain Inc is selling $8 billion worth of debt to finance its merger deal with Dr Pepper Snapple Group Inc (DPS).

Sears Holdings Corp (SHLD) is exploring the sale of numerous assets, including its Kenmore brand, as the struggling company seeks to shed less profitable business units.

Cryptocurrency Market Update