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Midday Market Update

Jul 05, 2018

US Market Snapshot

US stocks are mostly higher today leading up to the Fed meeting minutes, with the S&P 500 +0.68%, Russell 2000 +0.45%, and the Nasdaq Composite +0.85%. The S&P 500 is being led higher today by Technology (+1.16%), Consumer Staples (+1.05%), and Health Care (+0.98%), while Telecom (-0.24%), Energy (+0.15%), and Industrials (+0.20%) are the biggest lagging sectors. The VIX is down 96 basis points, or -6.01%, to 15.17. The yield on the US 10-year is little changed, down 0.1 basis points to 2.828%. The most active options today are XLU September 21 OTM Puts, SPY July 6 ATM Puts, and BAC July 6 OTM Calls. The USD$ is weaker against most of the G10 currencies, except for JPY¥ and GBP£.

*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.

Facebook Inc (FB) is up 1.84% today, after the it was reported that Facebook has won the exclusive rights to show live matches from England’s Premier League soccer in Thailand, Cambodia, Laos, and Vietnam. The deal will remain in effect from 2019 to 2022

Hexcel Corp (HXL) is trading 1.30% higher to $67.93, after the company was given a buy rating at Canaccord, up from a hold rating. Price targets for Hexcel have been set at $80

Micron Technology (MU) shares are trading 2.20% higher to $52.61 after the company reported that the ban placed on the sale of some of its products by the Fuzhou Intermediate People’s Court of China will immaterially impact its earnings. The technology covered under the ban will only effect roughly 1 percent of Micron’s annual revenue

PNC Financial Services Group (PNC) shares are trading 0.91% higher, after the company announced that it was raising its quarterly dividend to $0.95 per share, up from $0.75 per share

Tesla Inc (TSLA) shares are down 0.75% today, bringing the company’s weekly decline to 10.28%, as concerns linger regarding the sustainability of Tesla’s profitability, despite the firm meeting its weekly production goal of 5,000 Model 3 vehicles