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Midday Market Update

Jun 22, 2018

US Market Snapshot                                                                                                                                                                                     Start Your Free Trial Today

US stocks are advancing today, following reports that the Trump Administration was considering reopening discussions with Chinese trade negotiators. Major US indices are mostly higher with the S&P 500 +0.45%, the Dow Jones Industrial +0.67%, the Russell 2000 +0.17%, while the Nasdaq Composite is -0.14%. Energy (+3.03%), materials (+1.16%), and telecommunications stocks (+1.12%) are the biggest outperformers in the S&P 500, while information technology stocks (-0.44%) are the only S&P 500 stocks in negative territory. The VIX is down 131 basis points to 13.33. Yield on the US 10-year is up 1.1 basis point to 2.908%. The most actively traded options today are SPY June 29 ATM Puts and OTM Calls, BAC June 29 OTM Calls, and BP August 17 OTM Calls. The USD$ index is down 0.15% today, led by strength in the AUD$, EUR€, and GBP£.

How Did European Stocks Close

European stocks closed broadly higher with the Euro Stoxx 600 +1.09%, the FTSE 100 +1.67%, the DAX +0.54%, and the CAC 40 +1.34%. Periphery markets in the region were higher as well with the IBEX +0.93%, the PSI 20 +1.90%, the FTSE MIB +0.99%, while the ASE was 0.22% lower. The VSTOXX finished 11.71% lower to 14.20. Yield on the UK 10-year bond is up 4.2 basis points to 1.317%, while the yield on Italy’s 10-year is down 3.6 basis points. EUR€, GBP£, CHF, and SEK all higher against the greenback.

*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.

Cimarex Energy Co (XEC) has been upgraded from neutral to a buy rating at Bank of America (BAC). Shares of Cimarex Energy are up 4.77% to $98.24  

Harley-Davidson Inc (HOG) shares are down 2.44% in today’s trading, following the announcement by the EU of 25% tariffs US manufactured motorcycle imports

Microsoft Inc’s (MSFT) $7.5 billion deal to acquire data host Github may receive EU antitrust approval as early as 3Q3018.  

Red Hat Inc (RHT) shares are trading 12.38% lower today, after the company reported 1Q2019 EPS yesterday that was lower than expected