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Midday Market Update

Jul 17, 2018

US Market Snapshot

 
 

US stocks are higher today, reversing yesterday’s losses, with the S&P 500 +0.29%, Russell 2000 +0.42%, and the Nasdaq Composite +0.33%. The S&P 500 is being led higher today by Materials (+0.83%), Consumer Staples (+0.74%), and Telecom (+0.61%), while Energy (-0.29%), Real Estate (-0.21%), and Industrials (+0.14%) are the biggest lagging sectors. The VIX is down 63 basis points, or -4.91%, to 12.20. Yield on the US 10-year is little changed, down 0.4 basis points to 2.851%. The DXY USD$ index is up +0.35%, with significant strength in GBP£ (+0.46%), JPY¥ (+0.433%), and CAD$ (+0.12%). The most actively traded options today are SPY August 17 OTM Puts, BAC July 20 OTM Puts, and VIX OTM Calls.

*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.

American Airlines Group (AAL) is 1.69% higher today, after the NAACP lifted its travel advisory against the airline. The NAACP cited improvements made by American Airlines, which address concerns about discrimination and unsafe conditions while flying, as the reason for lift in the travel advisory

Boeing Co (BA) has agreed to sell 29 777 freight aircraft to Volga-Dnepr Group in a deal worth $10 billion

Charles Schwab Corporation (SCHW) posted 2Q2018 EPS that was modestly higher than forecasted ($0.60 vs $0.58 anticipated). Charles Schwab stock has advanced 3.86% in today’s trading

MGM Resorts International (MGM) has sued the victims of a deadly mass shooting in Las Vegas, which took place at the company’s Mandalay Bay hotel, in an effort to block compensation claims against the company. MGM claims that it is not liable for the incident due to a 2002 federal statue that protects companies that adopt “anti-terrorism technology”, which the company believes it has done

PacWest (PACW) shares are up 3.07% in today’s trading, after the company reported 2Q2018 EPS that was above the consensus ($0.92 vs $0.87 forecasted)

The Progressive Corp (PGR) reported 2Q2018 Eps that was higher than expected ($1.19 vs $1.11 projected). Shares of Progressive Corp are trading 3.01% higher today