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Midday Market Update

Jul 02, 2018

US Market Snapshot

US stocks are lower today, as Sino-American trade concerns continue to weigh on the market, with the S&P 500 -0.38%, Russell 2000 -0.27%, and Nasdaq Composite -0.23%. The S&P 500 is being led lower today by Energy (-1.42%), Real Estate (-1.07%), and Materials (-1.00%), while Technology (-0.14%), Utilities ( -0.23%), and Financials ( -0.28%) are the biggest outperforming sectors. The VIX is up 114 basis points, or 7.09%, to 17.20. The yield on the US 10-year is little changed, up 0.4 basis points to 2.856%. The most active options today are BAC July 6 and January 18 OTM Calls, and SPY July 2 and July 6 OTM Puts. The USD$ is stronger against all G10 currencies, except for JPY¥.

*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.

AES Corp (AES) shares have declined 3.43% today, after the firm was cut to underperform Bank of America, which cited macro concerns as the driver for the downgrade

Nordstrom Inc (JWN) shares are trading 3.32% lower to $50.05, after the company was downgraded at Cowen to market perform from outperform, with a price target set at $51

United Rentals Inc (URI) stock is down 1.69% in today’s trading, after the company announced that it will be acquiring BakerCorp for $715 million

Wynn Resorts Ltd (WYNN) has fallen 7.73% today, after reports that gambling revenue in Macau was lower than expected for the second consecutive month. Casino revenue in Macau rose 12.5 percent Y/Y in June, which was below estimates of an 18 percent Y/Y growth rate