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End of Day Market Update

May 22, 2018

US Markets End of Day Snapshot

US stocks reversed earlier gains and finished lower today, with the S&P 500 (-0.31%), Russell 2000 (-0.75%), and the Nasdaq Composite (-0.21%).

The S&P 500 was led lower today by Energy (-1.33%), Industrials (-1.23%), and Materials (-0.83%), while Financials (+0.67%), Utilities (+0.37%), and Real Estate (+0.13%) were the biggest outperforming sectors.

*Data in Price Return

S&P 500 Sector ETFs - End of Day

*Data in Price Return

Russell 1000 Factor ETFs - End of Day

*Data in Price Return

Stocks Trending in the News

Click name for Q-Factor rating and financial data. (AMZN) is drawing criticism from the American Civil Liberties Union, after the company offered facial recognition software to law-enforcement agencies. The ACLU claims that this technology can be used to violate people’s civil rights.

General Electric (GE) is seeking to divest its insurance business, according to a Reuters report.

Hewlett Packard Enterprises (HPE) announced 2Q2018 EPS that was higher than estimated ($0.34 vs $0.31 anticipated).

Intuit Inc (INTU) released 3Q2018 EPS that was firmly above forecasts ($4.82 vs $4.68 projections).

LyondellBasell Industries (LYB) has received approval from Chinese antitrust regulators to acquire A Schulman Inc (SHLM).

MetLife (MET) announced that the company’s board of directors has approved a $1.5 billion share repurchase.

PPG Industries Inc (PPG) is reportedly facing a class action lawsuit from shareholders who claim that “improper accounting entries” were made at the request of the former VP and controller. 

Red Robin (RRGB) reported 1Q2018 EPS that was below expectations ($0.69 vs $0.75 projected).

Urban Outfitters (URBN) posted 1Q2018 EPS that was $0.07 higher than forecasted ($0.38 vs $0.31 estimated).