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Midday Market Update

Jun 13, 2018

US Market Snapshot

US stocks are mixed today ahead of the FOMC meeting at 2:00, with the S&P 500 +0.04%, Russell 2000 -0.19%, and Nasdaq Composite +0.36%. The S&P 500 is being led higher today by Consumer Discretionary (+0.60%), Health Care (+0.39%), and Technology (+0.10%), while Real Estate (-1.18%), Materials (-0.72%), and Telecom (-0.52%) are the biggest lagging sectors. The VIX is down 12 basis points or -0.97%, to 12.22. US 10-year yield is little changed today, trading at 2.957%. The most actively traded options in US markets today are VIX August 22 OTM Calls, TWX July 20 OTM Puts, and AMD June 15 ATM Calls. The USD$ index is lower against most of the G10, gaining only against JPY¥.

How Did European Stocks Close?

European stocks were little changed today, as investors focus on the FOMC’s rate decision and tomorrow’s ECB meeting. The major indices were mixed, with the Euro Stoxx 600 +0.19%, DAX +0.38%, FTSE +0.00%, and CAC40 -0.01%. Periphery markets were mostly higher, with Italy’s MIB +0.44%, Spain’s IBEX 35 -0.15%, Portugal’s PSI 20 +0.36%, and Greece’s ASE +0.95%. The German 10-Year Bund yield fell 1.5 basis points to 0.479%. Italy’s 10-Year yield fell 6.8 basis points to 2.379%.

*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.

Comcast Corp (CMCSA) would become the second most indebted company in the US, after AT&T Inc (T), with a total debt of $160 billion, if the company’s bid to acquire 21st Century Fox (FOXA) is approved.

Netflix Inc (NFLX) shares are up 4.15% today after a report that the company may begin to stream video games.

Volkswagen AG (XTRA:VOW3) has agreed to pay USD$1.2 billion fine to German regulators over its actions during the company’s diesel emissions scandal in 2015.

Wright Medical Group (WMGI) has been upgraded from neutral to a buy rating at Guggenheim Securities. Wright Medical Group’s stock is up 5.43% in today’s trading.