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End of Day Market Update

May 29, 2018

US Markets End of Day Snapshot.

US stocks fell today on the back of political uncertainty in Europe, with the S&P 500 (-1.16%), Russell 2000 (-0.20%), and the Nasdaq Composite (-0.50%). The S&P 500 was led lower today by Financials (-3.34%), Materials (-1.78%), and Industrials (-1.59%), while Real Estate (+0.26%), Utilities (0.00%), and Consumer Staples ( -0.22%) 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.

According to an estimate by MKM Partners, Amazon (AMZN) will represent 14% of total retail sales in the US by 2025. 

An Alibaba (BABA) led investor group is acquiring a 10% stake in Chinese delivery service firm ZTO Express Inc (ZTO) for $1.38 billion

BW LGP (OB:BWLPG), the world’s largest owner of LNG tankers, has reportedly made a merger proposal to rival Dorian LPG Ltd (LPG) in a deal valued at $1.1 billion.

Deutsche Bank (DB:DBK) CEO Christian Sewing announced today that the company will complete the “vast majority” of its job cuts by the end of next month. Deutsche Bank’s stock is down 12.53% on a MTD basis.

HP Inc. (HPQ) released 2Q2018 EPS that was in-line with estimates ($0.48 vs $0.48 consensus). Inc (CRM) shares are up 1.99% post-market after the company reported 1Q2018 EPS that was significantly higher than expected ($0.74 vs $0.45 projected).

WellCare Health Plans Inc (WCG) will reportedly be acquiring Meridian Health for $2.5 billion.