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Midday Market Update

Jun 28, 2018

US Market Snapshot                                                                                                                                                                                     Start Your Free Trial Today

US stocks are failing to find any direction and are mixed today, with the S&P 500 +0.05%, the Dow Jones Industrial -0.10%, the Nasdaq Composite +0.04%, and the Russell 2000 -0.32%. Industrials (-0.60%), materials (-0.51%), and healthcare stocks (-0.44%) are weighing down the S&P 500, while telecommunications (+1.57%), financials (+0.51%), and information technology stocks (+0.37%) are the most significant outperformers. The VIX is up 38 basis points, or 2.12%, to 18.29. Yield on the US 10-year is up 1.6 basis points to 2.842%. The USD$ is lower today, with the CAD$ (+0.64%), the EUR€ (+0.21%), and the AUD$ (+0.19%) all stronger against the greenback. The most active options today are EEM June 29 ATM Puts, XLF June 29 ATM Calls, SPY June 29 OTM Calls, and IWM July 20 OTM Puts.

*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.

Amazon (AMZN) has resumed its push into the health care field, as the company has acquired online pharmacy firm PillPack for nearly $1 billion. Walgreens Boots Alliance (WBA) and CVS Health Corp (CVS) are down 9.54% and 7.84%, respectively, in sympathy with the online retail giant’s advancement into the healthcare industry

BJ’s Wholesale (BJ) is trading 26.62% higher to $21.53. BJ’s IPOd at $17 per share yesterday, and began trading today in the secondary market today

Mattel Inc (MAT) shares are down 2.68% today, after the company was downgraded at D.A Davidson from underperform to neutral due to poor fundamental outlook

Starbucks (SBUX) shares are trading 3.77% lower, following the retirement of CFO Scott Maw which added further uncertainty to the company’s executive board, which began with CEO Howard Schultz also announced his plan to retire at the end of June

Tesla Inc (TSLA) shares are trading 2.81% higher today, after Baird reiterated its outperform rating for the company, and posited that the company will meet its 2Q production goal of 5,000 Model 3 vehicles per week