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Midday Market Update

Jun 19, 2018

US Market Snapshot                                                                                                                                                                               Start Your Free Trial Today

US stocks are in the red as growing concerns about an escalating Sino-American trade war have driven today’s negative sentiment, with the S&P 500 -0.63%, the Dow Jones Industrial -1.21%, the Nasdaq Composite -0.83%, and the Russell 2000 -0.59%. Materials (-2.19%), industrials (-1.96%), and information technology stocks (-1.22%) are the biggest underperformers in the S&P 500 today, while telecommunications services (+1.58%), utilities (+0.51%), and consumer staples stocks (+0.44%) were the most significant outperformers. The VIX is up 146 basis points to 13.77. The yield on the US 10-year is down 3.5 basis points to 2.882%. The most actively trade options in the US markets today are GE July 20 ATM Puts, VIX August 22 OTM Calls, VIX July 20 OTM Calls, and EEM July 20 ATM Puts. The UDS$ index is positive today, as strength in the JPY¥ is being outweighed by weakness in the CNY¥, the EUR€, and the GBP£.

How Did European Stocks Close?

European stocks finished lower across the board, as rising global trade tensions roiled markets in the region, with the Euro Stoxx 600 -0.70%, the FTSE 100 -0.36%, the DAX -1.22%, and the CAC 40 -1.10%. Periphery markets were lower as well with Spain’s IBEX -0.14%, Italy’s FTSE MIB -0.07%, Portugal’s PSI 20 -0.45%, and Greece’s ASE -0.62%. Yield on the UK 10-year fell 4.0 basis points to 1.279%, while the yield on the German Bund sank 2.6 basis points to 0.368%.

*Data in Price Return, Soruce: Stockdio

S&P 500 Sector ETFs - Intraday

*Data in Price Return, Soruce: Stockdio

Russell 1000 Factor ETFs - Intraday 

*Data in Price Return, Soruce: Stockdio

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Cotiviti Holdings Inc (COTV) shares are up 10.40% today, after it was announced that the company would be acquired by Verscend Technologies Inc for $4.16 billion

GameStop (GME) shares are up 2.88% in today’s trading, after trading 8.88% higher yesterday, after the company confirmed that it was engaging in negotiations with potential suitors

Rent-A-Center (RCII) has been downgraded from a buy to a neutral rating at Northcoast Research. Shares of Rent-A-Center are up 1.06% to 14.83 in today’s trading

Sarepta Therapeutics Inc (SRPT) stock is up 41.35% to $148.75, a new record high for the company, after the company’s experimental treatment to treat Duchenne muscular dystrophy yielded positive resultscotv