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Midday Market Update

May 23, 2018

US Market Snapshot

US stocks are mixed today, with the S&P 500 (-0.43%) and Nasdaq Composite (-0.18%) declining, while the Russell 2000 (+0.06%) advancing.

The S&P 500 is being led lower today by Financials (-1.24%), Materials (-0.87%), and Industrials (-0.71%), while Real Estate (+0.49%), Utilities (+0.44%), and Consumer Discretionary (+0.10%) are the biggest outperforming 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.

Deutsche Bank (DB:DBK) is reportedly considering terminating 10,000 employees as the struggling bank continues to pull back from global equity markets. The 10,000 job cuts would represent a 10% reduction in Deutsche Bank’s workforce.

Nordstrom Inc (JWN) shares are trading 3.95% higher today, after Deutsche Bank raised their recommendation for Nordstrom to a buy from a hold.

Pfizer (PFE) has reportedly received “Breakthrough Therapy” status from the FDA for its Tafamidis branded drug, which is used to treat patients with transthyretin cardiomyopathy.

Ralph Lauren (RL) reported 4Q2017 EPS of $0.90, which was higher than expected ($0.83 projected).

Tata Motors (BSE:500570) subsidiary Jaguar Land Rover will reportedly spend $5.3 billion in FY2018 on new model lines and technologies to increase sales growth after recent slowdowns.

Tesla (TSLA) is facing criticism from advocacy groups Center for Auto Safety and Consumer Watchdog, which claim that Tesla’s claims about the safety and capabilities of its auto pilot technologies are misleading and they are requesting that the FTC investigate these claims.