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Rally In Tech Not Enough, As US Stocks Close Mixed

Aug 01, 2018

US Markets End of Day Snapshot                                                                                                                                  Start Your Free Trial Today

As of 4:37 p.m

  • Postive sentiment from the continued rebound of tech stocks was counterbalanced by escalating US-China trade frictions, as well as hawkish remarks from Fed chair Jerome Powell, signaling the likelihood of future rate hikes
  • The S&P 500 finished down -0.1%, Nasdaq Composite closed up +0.46%, and Russell 2000 ended down -0.09%
  • Tech (+0.97%), Real Estate (+0.69%), and Healthcare (+0.05%) stocks were the top performers in the S&P 500 today
  • Materials (-0.97%), Industrials (-1.28%), and Energy (-1.33%) stocks were the worst performers in the S&P 500 today
  • Investor sentiment for US stocks finished negative with the advance/decline ratio for the S&P 500 closing at 0.45x
  • 109 stocks in the S&P 500 hit 4-week highs while 41 stocks reached 4-week lows
  • 41 stocks in the S&P 500 closed overbought while 13 stocks closed oversold according to the 16-day RSI Measure
  • 76 stocks in the Nasdaq Composite hit 4-week highs while 167 stocks reached 4-week lows
  • 186 stocks in the Nasdaq Composite closed overbought while 536 stocks closed oversold according to the 16-day RSI Measure
  • The VIX finished flat at 13.32 after closing at 12.83 yesterday

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 0.82 basis points to 2.6776%
  • US 10-Year Treasury Bonds are lower with yields up 3.91 basis points to 2.9989%
  • The US Treasury 2s-10s Spread has widened 3.09 basis points to 0.32%

Currencies

  • EUR€ is down 0.248% against the USD$ in after hours to 1.1662
  • GBP£ is little changed 0.015% against the USD$ in after hours to 1.3126
  • CHF is down 0.168% against the USD$ in after hours to 1.008
  • JPY¥ is little changed 0.107% against the USD$ in after hours to 111.74

Commodities

  • WTI Crude is down -1.6% to USD$67.66/bbl with the Brent-WTI spread little changed USD$-0.22 to USD$4.08/bbl
  • Gold is down -0.64% to USD$1216.33/oz

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

Churchill Downs (CHDN) released 2Q2018 EPS that beat the consensus ($7.55 vs $7.43). Churchill Downs shares have risen 0.76% to $280.00 following today’s trading

Red Robin Gourmet Burgers Inc (RRGB) forecasted a range for its FY2018 EPS that missed the lowest estimate. ($1.80-$2.20 vs $2.54 anticipated). Red Robin stock has declined 17.23% to $37.95 post-market

Tesla Inc (TSLA) reported 2Q2018 losses per share that were more significant than expected (-$3.06 vs -$2.90 projected), but the company hit production goals of 6,000 Model 3 vehicles per week and announced better than expected revenue for 2Q2018 ($4.0 billion vs $3.92 billion anticipated). Tesla’s stock has risen 4.79% to $315.26 post-market

Wynn Resorts (WYNN) posted 2Q2018 EPS that was below the consensus (-$1.53 vs $1.92 forecasted). Shares of Wynn Resorts have fallen 6.89% to $148.96 after today’s trading

*Data in Price Return, Source: Stockdio

S&P 500 Sector ETFs - End of Day

*Data in Price Return, Source: Stockdio

Russell 1000 Factor ETFs - End of Day

*Data in Price Return, Source: Stockdio