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End of Day Market Update

Jun 13, 2018

US Markets End of Day Snapshot

US markets fell today following the Fed’s decision to raise interest rates, and the announcement that the Fed is looking to raise rates twice more this year. The S&P 500 -0.40%, Russell 2000 -0.34%, and Nasdaq Composite -0.11% all fell after starting the day positive. The S&P 500 was led lower today by Real Estate (-2.23%), Materials (-1.08%), and Industrials (-0.80%), while Consumer Discretionary (+0.15%), Health Care (+0.02%), and Telecom ( -0.11%) were the biggest outperforming sectors. The VIX rose today after the rate hike, rising 60 basis point, or +4.86%, to 12.94. The most actively traded options in US markets today were SPY June 13 ATM Puts, MRK June 15 ITM Calls, and SPY June 15 OTM Calls. The US 10-year yield rose slightly, up 1.2 basis points to 2.966%. The USD$ index is lower against most of the G10 currencies, gaining only against GBP£.

*Data in Price Return, Source: Stockdio

S&P 500 Sector ETFs - End of Day

*Data in Price Return, Source: Stockdio

Russell 1000 Factor ETFs - End of Day

*Data in Price Return, Source: Stockdio

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Comcast Corp (CMCSA) has reportedly made a $65 billion acquisition bid for 21st Century Fox (FOXA), which is higher than the offer made by Walt Disney Co (DIS). Comcast’s offer represents a $65 per share bid, which is a 19% premium over Disney’s bid.

Netflix (NFLX) traded up 4.43% to $379.93, a record high for Netflix, after Goldman Sachs Group (GS) raised its price target for Netflix to $490.

Mylan (MYL) shares are down 4.01% to $40.00 post-market, after the FDA reportedly found deficiencies in its Advair Diskus drug.

Tailored Brands Inc (TLRD) reported 1Q2018 EPS that was higher than expected ($0.50 vs $0.48) but provided FY2018 guidance that was below projections (2.35 vs $2.49 forecasted). Tailored Brands Inc shares are down 19.73% to $26.85 post-market.