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Midday Market Update

Jul 18, 2018

US Market Snapshot

 

 

US stocks are mostly higher today, with the S&P 500 +0.21% and Russell 2000 +0.42% higher, while the Nasdaq Composite -0.06% is falling. The S&P 500 is being led higher today by Financials (+1.76%), Industrials (+1.34%), and Materials (+0.36%), while Consumer Staples (-0.77%), Telecom (-0.63%), and Real Estate (-0.58%) are the biggest lagging sectors. The VIX is down 11 basis points, or 0.91%, to 11.96. Yield on the US 10-year is unchanged, trading at 2.863%. The DXY USD$ index is little changed, up +0.01%, with strength in GBP£ (+0.46%) and EUR€ (+0.09%) offset by weakness in AUD$ (-0.13%), CHF (-0.10%), and JPY¥ (+0.09%). The most actively traded options today are HYG August 17 OTM Calls and ITM Puts, XLF July 20 ITM Calls, and VIX August 22 ATM 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.

Berkshire Hathaway (BRK.A) shares are trading 4.44% higher to USD$301.3k, after the company’s board announced that it is removing a cap on stock repurchases, creating improved flexibility for the firm to distribute profits

First Horizon National Corp (FHN) is down 0.47% in today’s trading, after the company was downgraded to neutral from a buy rating at UBS. UBS’ price target for First Horizon was set at $19

Goldman Sachs (GS) has been upgraded to hold from a sell rating gat Société Générale, with a price target set at $240. Shares of Goldman Sachs are trading 0.54% higher

Sirius XM (SIRI) is trading 1.49% higher to $7.17, after announcing that it will be creating a comedy radio channel with Netflix (NFLX)