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Midday Market Update

Jun 20, 2018

US Market Snapshot

US stocks are mostly positive today, reversing from yesterday’s losses, as Sino-American trade concerns begin to ebb, with the S&P 500 +0.24%, the Nasdaq Composite +0.11%, the Russell 2000 +0.27%, and the Dow Jones Industrial Average -0.03%. The S&P 500 is being led higher by real estate (+0.89%), information technology (+0.67%), and consumer discretionary stocks (+0.49%) while telecommunications (-0.91%), materials (-0.37%), and consumer staples stocks (+0.03%) underperform. The VIX is down 65 basis points to 12.70. The yield on the US 10-year is up 1.8 basis points to 2.915%. The most actively traded options today are EEM December 21 ATM Puts, SPY July 2 OTM Calls, FXI July 20 OTM Calls. The USD$ index is lower today as strength in the GBP£ is being outweighed by weakness in the CAD$ and JPY¥.

How Did European Stocks Close

European stocks finished largely higher, with the Euro Stoxx 600 +0.28%, the FTSE 100 +0.31%, the DAX +0.14%, while the CAC 40 declined 0.34%. Periphery markets were mixed with the IBEX +0.34%, and the FTSE MIB +0.16%, while the PSI 20 was down 0.19%, and the ASE fell 0.03%. Yield on the UK 10-year is up 1.6 basis points to 1.295%, while the yield on the Italian 10-year is 1.0 basis points lower to 2.536%.

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*Data in Price Return, Source: Stockdio

S&P 500 Sector ETFs - Intraday

*Data in Price Return, Source: Stockdio

Russell 1000 Factor ETFs - Intraday 

*Data in Price Return, Source: Stockdio

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

AMC Theaters (AMC) has announced a $20-per-month subscription service. The service will allow subscribers to view 3 movies per week. Sahres of AMC are trading 1.68% higher today

Daimler AG (XTRA:DAI) is facing a shareholder lawsuit, which claims the auto manufacturer misled investors regarding the severity of its involvement in the diesel emissions scandal. The suit is seeking damages of up to €15 per share

Facebook Inc (FB) shares are up 2.54% in today’s trading, after reports that the company’s Instagram app is closing in on 1 billion monthly active users

Scotts Miracle-Gro Co (SMG) shares are down 3.31%, after the company was downgraded to underperform from market perform at Raymond James

Twenty-First Century Fox (FOXA) shares are up 6.97% today, after it was announced that Walt Disney Co. (DIS) increased its bid to purchase most of 21 Century Fox's assets for more than $70 billion in cash and stock.