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Midday Market Update

Jun 07, 2018

US Market Snapshot                                                                                                                                                                                       Start your free trial today

US stocks are trading lower today, as trade concerns continue to weigh on the market. The S&P 500 -0.09%, Russell 2000 -0.41%, and Nasdaq Composite -0.75% are all in the red. The S&P 500 is being led lower today by Technology (-0.90%), Materials (-0.40%), and Real Estate (-0.25%), while Energy (+2.04%), Utilities (+1.16%), and Consumer Staples (+0.84%) are the biggest outperforming sectors. The VIX is up 59 basis points, or 5.07%, to 12.23. The most actively traded options in US markets today are MDXG January 18 OTM Puts, VIX August 22 OTM Calls, and SPY June 8 ATM Calls. The US 10-year yield is falling today, down 2.8 basis points to 2.946%. The USD$ is slightly weaker today, with strength in AUD and CAD being offset by weakness in CHF, JPY¥, and EUR€.

How Did European Stocks Close?

European stock markets ended lower today, following weaker Eurozone export data. Euro Stoxx 600 -0.24%, FTSE 100 -0.10%, DAX -0.15%, and CAC40 -0.17% declined moderately. Periphery markets ended mixed today, with Italy’s MIB -0.18%, Spain’s IBEX 35 +0.38%, Portugal’s PSI 20 +0.20%, and Greece’s ASE -0.31%.

*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.

Amazon Inc (AMZN) has won the right to broadcast soccer games from the English Premier League, as the company increases its live sports programming. Viewers are now able to view English Primer League games through the Amazon Prime service.

Darden Restaurants (DRI) shares are up 0.66% today, after being upgraded to a buy from a hold rating at SunTrust bank.

Deutsche Bank AG (DB:DBK) is reportedly considering the sale of $3 billion worth of non-investment grade energy loans. Deutsche Bank is closing its Houston office, and is planning to sell its loan book.

Northrop Grumman’s (NOC) credit has been downgraded by S&P to a BBB rating based on credit metrics, following Northrop’s recent acquisition of Orbital ATK (OA).